Duff & Phelps Investment Management Co. Reduces Stock Holdings in IDEX Corporation $IEX

Duff & Phelps Investment Management Co. reduced its position in shares of IDEX Corporation (NYSE:IEX) by 14.3% in the third quarter, HoldingsChannel reports. The firm owned 45,641 shares of the industrial products company’s stock after selling 7,605 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in IDEX were worth $7,429,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IEX. State Street Corp boosted its holdings in shares of IDEX by 0.5% in the second quarter. State Street Corp now owns 3,099,752 shares of the industrial products company’s stock worth $544,223,000 after buying an additional 16,913 shares during the last quarter. Nordea Investment Management AB increased its holdings in IDEX by 193.6% during the third quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock valued at $382,049,000 after buying an additional 1,559,124 shares during the last quarter. Geode Capital Management LLC increased its holdings in IDEX by 1.5% during the second quarter. Geode Capital Management LLC now owns 2,000,861 shares of the industrial products company’s stock valued at $349,869,000 after buying an additional 29,353 shares during the last quarter. Van ECK Associates Corp raised its position in IDEX by 8.3% in the third quarter. Van ECK Associates Corp now owns 1,913,157 shares of the industrial products company’s stock worth $311,385,000 after acquiring an additional 146,618 shares during the period. Finally, Primecap Management Co. CA boosted 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 acquiring an additional 1,237,129 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on IEX. Royal Bank Of Canada boosted their price objective on shares of IDEX from $211.00 to $244.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Stifel Nicolaus lifted their target price on IDEX from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. DA Davidson boosted their price target on IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Robert W. Baird set a $247.00 price target on IDEX in a research report on Thursday, February 5th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $230.00 price objective on shares of IDEX in a research note on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.22.

IDEX Stock Down 0.7%

Shares of IEX stock opened at $194.45 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.02. IDEX Corporation has a one year low of $153.36 and a one year high of $217.15. The company’s fifty day moving average price is $199.71 and its 200-day moving average price is $179.48. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 30.33, a PEG ratio of 1.98 and a beta of 0.98.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.06. The business 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 for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.04 EPS. IDEX has set its Q1 2026 guidance at 1.730-1.780 EPS and its FY 2026 guidance at 8.150-8.35 EPS. Sell-side analysts expect that IDEX Corporation will post 8.26 EPS for the current fiscal year.

IDEX 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.