Premier Fund Managers Ltd Sells 39,727 Shares of IDEX Corporation $IEX

Premier Fund Managers Ltd lessened its stake in IDEX Corporation (NYSE:IEX) by 13.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 261,588 shares of the industrial products company’s stock after selling 39,727 shares during the period. IDEX comprises 1.7% of Premier Fund Managers Ltd’s portfolio, making the stock its 27th biggest holding. Premier Fund Managers Ltd owned approximately 0.35% of IDEX worth $42,459,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IEX. Empowered Funds LLC raised its holdings in 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 acquiring an additional 54 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in shares of IDEX by 2.0% during the second quarter. Cullen Frost Bankers Inc. now owns 3,112 shares of the industrial products company’s stock valued at $546,000 after purchasing an additional 60 shares during the period. UMB Bank n.a. raised its stake in shares of IDEX by 61.0% in the third quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 75 shares in the last quarter. Bessemer Group Inc. lifted its position in IDEX by 16.6% in the third quarter. Bessemer Group Inc. now owns 577 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 82 shares during the period. Finally, Verdence Capital Advisors LLC boosted its stake in 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. 97.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IEX has been the subject of a number of recent research reports. 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. Stifel Nicolaus increased their price target on shares of IDEX from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. DA Davidson raised their price target on shares of IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Royal Bank Of Canada upped their price objective on IDEX from $211.00 to $244.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Finally, TD Cowen increased their target price on IDEX from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $228.22.

IDEX Price Performance

NYSE:IEX opened at $207.48 on Friday. The firm has a market cap of $15.53 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.09 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 company’s 50-day moving average price is $193.06 and its two-hundred day moving average price is $175.74.

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. The company had revenue of $899.10 million during the quarter, compared to analyst estimates of $882.00 million. IDEX had a net margin of 13.98% and a return on equity of 15.03%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $2.04 earnings per share. 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, equities analysts anticipate that IDEX Corporation will post 8.26 EPS for the current fiscal year.

About IDEX

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.