Tevis Investment Management Invests $638,000 in IDEX Corporation $IEX

Tevis Investment Management acquired a new stake in IDEX Corporation (NYSE:IEX) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,919 shares of the industrial products company’s stock, valued at approximately $638,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its stake in shares of IDEX by 3.4% in the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after purchasing an additional 54 shares during the period. UMB Bank n.a. boosted its position in shares of IDEX by 61.0% during 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. Bessemer Group Inc. grew its holdings in shares of IDEX by 16.6% during the third quarter. Bessemer Group Inc. now owns 577 shares of the industrial products company’s stock worth $94,000 after buying an additional 82 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of IDEX by 5.4% during the third quarter. Verdence Capital Advisors LLC now owns 1,864 shares of the industrial products company’s stock worth $312,000 after buying an additional 96 shares in the last quarter. Finally, Equitable Trust Co. raised its position in IDEX by 8.1% in the 3rd quarter. Equitable Trust Co. now owns 1,369 shares of the industrial products company’s stock valued at $223,000 after buying an additional 102 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Price Performance

NYSE:IEX opened at $189.89 on Thursday. IDEX Corporation has a 12-month low of $153.36 and a 12-month high of $217.15. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 29.62, a P/E/G ratio of 1.92 and a beta of 0.98. The stock’s 50 day moving average price is $200.59 and its two-hundred day moving average price is $180.30. 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 posted its earnings results 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 return on equity of 15.03% and a net margin of 13.98%.The business had revenue of $899.10 million for the quarter, compared to analyst estimates of $882.00 million. During the same period in the previous year, the firm earned $2.04 EPS. The firm’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, analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Robert W. Baird set a $247.00 price target on IDEX in a research report on Thursday, February 5th. Stifel Nicolaus lifted their price objective on shares of IDEX from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Royal Bank Of Canada boosted their price objective on shares of IDEX from $211.00 to $244.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Argus upgraded shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 target price for the company in a report on Friday, February 6th. Finally, Citigroup raised their target price on shares of IDEX from $202.00 to $243.00 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 currently 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.