Impax Asset Management Group plc Decreases Stake in IDEX Corporation $IEX

Impax Asset Management Group plc lowered its position in IDEX Corporation (NYSE:IEX) by 12.9% in the fourth quarter, Holdings Channel reports. The fund owned 1,708,816 shares of the industrial products company’s stock after selling 252,003 shares during the period. IDEX makes up approximately 1.9% of Impax Asset Management Group plc’s portfolio, making the stock its 12th biggest holding. Impax Asset Management Group plc’s holdings in IDEX were worth $304,067,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in shares of IDEX by 3.4% during the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after buying an additional 54 shares during the last quarter. Cromwell Holdings LLC lifted its position in shares of IDEX by 41.1% during the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after buying an additional 58 shares during the last quarter. UMB Bank n.a. lifted its position in shares of IDEX by 61.0% during the 3rd 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 last quarter. Bessemer Group Inc. lifted its position in shares of IDEX by 16.6% during the 3rd quarter. Bessemer Group Inc. now owns 577 shares of the industrial products company’s stock worth $94,000 after buying an additional 82 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its position in shares of IDEX by 1.9% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 4,661 shares of the industrial products company’s stock worth $829,000 after buying an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Performance

Shares of IEX opened at $204.89 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.02 and a current ratio of 2.86. The stock has a market capitalization of $15.23 billion, a P/E ratio of 31.96, a P/E/G ratio of 2.09 and a beta of 0.99. The company’s fifty day moving average is $198.76 and its two-hundred day moving average is $186.45. IDEX Corporation has a 1 year low of $157.25 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 (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.06. The company had revenue of $899.10 million for the quarter, compared to analysts’ expectations of $882.00 million. IDEX had a net margin of 13.98% and a return on equity of 15.03%. IDEX’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company 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. On average, sell-side analysts predict that IDEX Corporation will post 8.23 earnings per share for the current year.

Analyst Ratings Changes

IEX has been the subject of several recent analyst reports. Robert W. Baird set a $247.00 price objective on shares of IDEX in a research report on Thursday, February 5th. TD Cowen upped their price target 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. Royal Bank Of Canada upped their price target 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. Oppenheimer reiterated an “outperform” rating and issued a $230.00 price target on shares of IDEX in a research report on Thursday, February 5th. Finally, Argus upgraded shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 price target for the company in a research report on Friday, February 6th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $228.90.

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.