Van ECK Associates Corp Increases Position in IDEX Corporation $IEX

Van ECK Associates Corp lifted its holdings in shares of IDEX Corporation (NYSE:IEX) by 8.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,913,157 shares of the industrial products company’s stock after acquiring an additional 146,618 shares during the quarter. Van ECK Associates Corp owned 2.56% of IDEX worth $311,385,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Nordea Investment Management AB raised its stake in shares of IDEX by 193.6% during the 3rd quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock worth $382,049,000 after purchasing an additional 1,559,124 shares during the period. Primecap Management Co. CA increased its stake in shares of IDEX by 250.7% during the 3rd quarter. Primecap Management Co. CA now owns 1,730,580 shares of the industrial products company’s stock worth $281,669,000 after purchasing an additional 1,237,129 shares during the last quarter. Norges Bank purchased a new position in IDEX in the second quarter valued at approximately $156,009,000. Qube Research & Technologies Ltd grew its holdings in IDEX by 142.2% during the second quarter. Qube Research & Technologies Ltd now owns 652,664 shares of the industrial products company’s stock valued at $114,588,000 after purchasing an additional 383,221 shares during the period. Finally, Squarepoint Ops LLC raised its stake in shares of IDEX by 635.4% in the second quarter. Squarepoint Ops LLC now owns 264,492 shares of the industrial products company’s stock valued at $46,437,000 after buying an additional 228,525 shares during the period. 97.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

IEX has been the subject of a number of research reports. Stifel Nicolaus increased their target price on shares of IDEX from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Royal Bank Of Canada boosted their price objective on IDEX from $211.00 to $244.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. DA Davidson raised their target price on IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Argus raised shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 price target on the stock in a report on Friday, February 6th. Finally, TD Cowen raised their price objective on shares of IDEX from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, IDEX has a consensus rating of “Moderate Buy” and an average price target of $228.22.

IDEX Price Performance

Shares of NYSE IEX opened at $197.56 on Tuesday. The stock’s 50-day simple moving average is $199.05 and its two-hundred day simple moving average is $179.18. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $217.15. The firm has a market capitalization of $14.69 billion, a P/E ratio of 30.82, a P/E/G ratio of 2.00 and a beta of 0.98. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.45.

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

About IDEX

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.