JPMorgan Chase & Co. Decreases Position in IDEX Corporation $IEX

JPMorgan Chase & Co. reduced its stake in shares of IDEX Corporation (NYSE:IEX) by 15.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 407,052 shares of the industrial products company’s stock after selling 75,763 shares during the quarter. JPMorgan Chase & Co. owned 0.54% of IDEX worth $66,252,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuance Investments LLC lifted its holdings in IDEX by 102.3% in the 3rd quarter. Nuance Investments LLC now owns 162,594 shares of the industrial products company’s stock worth $26,464,000 after buying an additional 82,223 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of 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 acquiring an additional 1,559,124 shares in the last quarter. Robeco Schweiz AG increased its position in shares of IDEX by 14.2% during the third quarter. Robeco Schweiz AG now owns 271,089 shares of the industrial products company’s stock worth $44,122,000 after acquiring an additional 33,752 shares during the last quarter. Allstate Corp acquired a new position in shares of IDEX in the third quarter worth about $429,000. Finally, ING Groep NV purchased a new position in IDEX in the third quarter valued at about $887,000. 97.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IEX has been the topic of several analyst reports. Citigroup lifted their price objective on IDEX from $202.00 to $243.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Royal Bank Of Canada lifted their price target on shares of IDEX from $211.00 to $244.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. DA Davidson increased their price objective on shares of IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. TD Cowen raised their price objective on shares of IDEX from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, Oppenheimer reissued an “outperform” rating and issued a $230.00 target price on shares of IDEX in a research report 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $228.22.

IDEX Stock Performance

Shares of IEX opened at $187.29 on Friday. The stock has a market capitalization of $13.92 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 1.92 and a beta of 0.98. The business’s fifty day moving average price is $200.64 and its 200 day moving average price is $180.35. 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 12-month low of $153.36 and a 12-month high of $217.15.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.06. IDEX had a net margin of 13.98% and a return on equity of 15.03%. The firm had revenue of $899.10 million during the quarter, compared to analyst estimates of $882.00 million. During the same quarter in the previous year, the firm earned $2.04 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that IDEX Corporation will post 8.26 EPS for the current year.

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.