IDEX Corporation $IEX Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its holdings in IDEX Corporation (NYSE:IEX) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,659 shares of the industrial products company’s stock after selling 7,314 shares during the period. Rhumbline Advisers owned about 0.23% of IDEX worth $27,776,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IEX. Nordea Investment Management AB boosted its holdings in IDEX by 193.6% in 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 purchasing an additional 1,559,124 shares during the last quarter. Norges Bank purchased a new stake in shares of IDEX in the second quarter worth about $156,009,000. Qube Research & Technologies Ltd boosted its stake in shares of IDEX by 142.2% in the second quarter. Qube Research & Technologies Ltd now owns 652,664 shares of the industrial products company’s stock worth $114,588,000 after buying an additional 383,221 shares during the last quarter. Flossbach Von Storch SE grew its holdings in IDEX by 132.8% during the second 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 raised its position in IDEX by 635.4% during the second quarter. Squarepoint Ops LLC now owns 264,492 shares of the industrial products company’s stock valued at $46,437,000 after acquiring an additional 228,525 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

IEX has been the topic of several recent research reports. Royal Bank Of Canada upped their price objective on IDEX from $211.00 to $244.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Argus raised shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 price target on the stock in a report on Friday, February 6th. DA Davidson lifted their price objective on shares of IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Stifel Nicolaus increased their target price on shares of IDEX from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, Robert W. Baird set a $247.00 price target on IDEX in a research note on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $228.22.

IDEX Stock Up 2.5%

IEX stock opened at $210.31 on Monday. IDEX Corporation has a 52 week low of $153.36 and a 52 week 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 simple moving average of $189.90 and a 200-day simple moving average of $174.16. The stock 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 (NYSE:IEX) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.06. IDEX had a return on equity of 15.03% and a net margin of 13.98%.The company had revenue of $899.10 million for the quarter, compared to analysts’ expectations of $882.00 million. During the same period in the previous year, the firm posted $2.04 EPS. IDEX’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. Equities analysts forecast that IDEX Corporation will post 8.26 earnings per share 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.