IDEX Corporation $IEX Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC reduced its holdings in IDEX Corporation (NYSE:IEX) by 84.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,734 shares of the industrial products company’s stock after selling 318,147 shares during the quarter. GW&K Investment Management LLC’s holdings in IDEX were worth $9,560,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Empowered Funds LLC increased its position in shares of IDEX by 3.4% in the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after buying an additional 54 shares in the last quarter. Assetmark Inc. raised its position in shares of IDEX by 235.5% during the 2nd quarter. Assetmark Inc. now owns 1,899 shares of the industrial products company’s stock worth $333,000 after purchasing an additional 1,333 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of IDEX by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 654,149 shares of the industrial products company’s stock worth $114,849,000 after purchasing an additional 42,727 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its stake in IDEX by 8.5% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 26,837 shares of the industrial products company’s stock valued at $4,715,000 after buying an additional 2,104 shares in the last quarter. Finally, Andra AP fonden acquired a new stake in IDEX during the 2nd quarter valued at $263,000. 97.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on IEX shares. Royal Bank Of Canada raised their price target 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 target price for the company in a research note on Friday, February 6th. TD Cowen upped their target price on shares of IDEX from $200.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 5th. 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. Finally, Robert W. Baird set a $247.00 price objective on shares of IDEX in a research report on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $228.22.

IDEX Price Performance

IDEX stock opened at $197.80 on Friday. The firm has a 50 day moving average price of $198.70 and a 200 day moving average price of $178.74. IDEX Corporation has a 1 year low of $153.36 and a 1 year high of $217.15. 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 company has a market cap of $14.71 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.05 and a beta of 0.98.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.10 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 during the quarter, compared to analyst estimates of $882.00 million. During the same period in the prior year, the firm posted $2.04 earnings per share. The firm’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. Sell-side analysts predict that IDEX Corporation will post 8.26 earnings per share for the current 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.