Allspring Global Investments Holdings LLC Has $711,000 Position in IDEX Corporation $IEX

Key Points

• Allspring Global Investments Holdings LLC cut its position in IDEX by 70.3% in Q4, selling 9,395 shares and ending the quarter with 3,973 shares worth $711,000.
• IDEX beat quarterly estimates with $2.10 EPS (vs. $2.04 expected) and $899.1M revenue (vs. $882M expected), and issued guidance of Q1 2026 EPS 1.73–1.78 and FY 2026 EPS 8.15–8.35.
• Analysts hold a consensus Moderate Buy on IDEX (six Buys, three Holds) with an average price target of $226.80.

Allspring Global Investments Holdings LLC lowered its position in shares of IDEX Corporation (NYSE:IEX - Free Report) by 70.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,973 shares of the industrial products company's stock after selling 9,395 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in IDEX were worth $711,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Empowered Funds LLC lifted its stake in 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. UMB Bank n.a. lifted its stake in 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 buying an additional 75 shares in the last quarter. Bessemer Group Inc. lifted its stake in IDEX by 16.6% in the third quarter. Bessemer Group Inc. now owns 577 shares of the industrial products company's stock valued at $94,000 after buying an additional 82 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in IDEX by 5.4% in the third quarter. Verdence Capital Advisors LLC now owns 1,864 shares of the industrial products company's stock valued at $312,000 after buying an additional 96 shares in the last quarter. Finally, Equitable Trust Co. lifted its position in shares of IDEX by 8.1% in the third quarter. Equitable Trust Co. now owns 1,369 shares of the industrial products company's stock worth $223,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 97.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Argus raised shares of IDEX from a "hold" rating to a "buy" rating and set a $240.00 price objective on the stock in a research report on Friday, February 6th. DA Davidson boosted their price objective on shares of IDEX from $180.00 to $195.00 and gave the stock a "neutral" rating in a research report on Thursday, February 5th. Stifel Nicolaus boosted their price objective 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. BMO Capital Markets assumed coverage on shares of IDEX in a research report on Friday, March 27th. They issued a "market perform" rating and a $214.00 price objective on the stock. Finally, Oppenheimer reissued an "outperform" rating and issued a $230.00 price objective on shares of IDEX in a research report on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, IDEX presently has a consensus rating of "Moderate Buy" and an average price target of $226.80.

IDEX Trading Up 0.6%

IEX opened at $200.96 on Friday. IDEX Corporation has a twelve month low of $157.25 and a twelve month high of $217.15. The company has a 50-day simple moving average of $199.68 and a 200 day simple moving average of $183.57. 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 stock has a market capitalization of $14.94 billion, a price-to-earnings ratio of 31.35, a P/E/G ratio of 2.02 and a beta of 0.99.

IDEX (NYSE:IEX - Get Free Report) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $2.10 EPS for the quarter, topping analysts' consensus estimates of $2.04 by $0.06. The firm had revenue of $899.10 million during 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%. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Analysts predict that IDEX Corporation will post 8.26 EPS 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.

Want to see what other hedge funds are holding IEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDEX Corporation (NYSE:IEX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.