5,447 Shares in IDEX Corporation $IEX Bought by ING Groep NV

ING Groep NV bought a new stake in shares of IDEX Corporation (NYSE:IEX) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 5,447 shares of the industrial products company’s stock, valued at approximately $887,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Nordea Investment Management AB raised its position 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 buying an additional 1,559,124 shares during the last quarter. Norges Bank bought a new position in IDEX during the second quarter valued at about $156,009,000. Qube Research & Technologies Ltd raised its holdings in IDEX by 142.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 652,664 shares of the industrial products company’s stock valued at $114,588,000 after acquiring an additional 383,221 shares in the last quarter. Flossbach Von Storch SE lifted its position in shares of IDEX by 132.8% in the 2nd quarter. Flossbach Von Storch SE now owns 640,792 shares of the industrial products company’s stock worth $112,504,000 after acquiring an additional 365,525 shares during the period. Finally, Squarepoint Ops LLC grew its holdings in shares of IDEX by 635.4% during the 2nd quarter. Squarepoint Ops LLC now owns 264,492 shares of the industrial products company’s stock worth $46,437,000 after purchasing an additional 228,525 shares in the last quarter. 97.96% of the stock is owned by institutional investors.

IDEX Trading Up 2.5%

Shares of IEX stock opened at $210.31 on Friday. The company has a market capitalization of $15.74 billion, a P/E ratio of 32.81, a P/E/G ratio of 2.12 and a beta of 1.00. IDEX Corporation has a 12-month low of $153.36 and a 12-month high of $217.15. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $189.90 and a 200 day moving average price of $174.09.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share for the quarter, topping 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 company had revenue of $899.10 million during the quarter, compared to analyst estimates of $882.00 million. During the same quarter last year, the business posted $2.04 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. IDEX has set its Q1 2026 guidance at 1.730-1.780 EPS and its FY 2026 guidance at 8.150-8.35 EPS. Research analysts forecast that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on IEX shares. DA Davidson upped their target price on IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Citigroup increased their price objective on shares of IDEX from $202.00 to $243.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. TD Cowen lifted their target price 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. Robert W. Baird set a $247.00 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 note on Friday, February 6th. Six investment 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 stock has an average 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.