South Dakota Investment Council Boosts Holdings in IDEX Corporation $IEX

South Dakota Investment Council increased its holdings in IDEX Corporation (NYSE:IEX) by 91.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,575 shares of the industrial products company’s stock after purchasing an additional 3,625 shares during the quarter. South Dakota Investment Council’s holdings in IDEX were worth $1,233,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Capital A Wealth Management LLC bought a new position in IDEX during the 2nd quarter worth approximately $28,000. UMB Bank n.a. increased its stake in shares of IDEX by 61.0% in the third quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock worth $32,000 after buying an additional 75 shares during the period. Loomis Sayles & Co. L P bought a new stake in IDEX during the 2nd quarter valued at $33,000. CYBER HORNET ETFs LLC purchased a new stake in IDEX during the 2nd quarter valued at $35,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of IDEX in the second quarter valued at about $39,000. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Down 2.5%

NYSE:IEX opened at $203.39 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.02. The firm’s 50-day moving average price is $198.34 and its 200-day moving average price is $178.50. The company has a market capitalization of $15.12 billion, a PE ratio of 31.73, a P/E/G ratio of 2.11 and a beta of 0.98. IDEX Corporation has a 1-year low of $153.36 and a 1-year high of $217.15.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.06. IDEX had a net margin of 13.98% and a return on equity of 15.03%. The business had revenue of $899.10 million for the quarter, compared to analysts’ expectations of $882.00 million. During the same quarter in the prior year, the company earned $2.04 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. IDEX has set its Q1 2026 guidance at 1.730-1.780 EPS and its FY 2026 guidance at 8.150-8.35 EPS. On average, equities analysts predict that IDEX Corporation will post 8.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on IEX shares. Robert W. Baird set a $247.00 price target on IDEX in a research report on Thursday, February 5th. Royal Bank Of Canada upped their target price on IDEX from $211.00 to $244.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Citigroup lifted their price target on shares of IDEX from $202.00 to $243.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Oppenheimer restated an “outperform” rating and issued a $230.00 price objective on shares of IDEX in a report on Thursday, February 5th. Finally, DA Davidson raised their target price on shares of IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, IDEX has a consensus rating of “Moderate Buy” and a consensus price target of $228.22.

IDEX Company Profile

IDEX Corporation is a diversified industrial manufacturer specializing in the design, production and distribution of highly engineered fluidics systems, measurement technologies and safety solutions. The company’s core offerings include positive-displacement pumps, flow meters, valves, sampling systems and analytical instruments that serve a wide range of end markets such as water treatment, chemical processing, energy, food and beverage, and life sciences. Through its focus on precision engineering and proprietary material science, IDEX delivers products designed for reliability in demanding applications.

Operations at IDEX are organized into three principal segments.