Dodge & Cox Buys New Position in IDEX Corporation $IEX

Key Points

• Dodge & Cox opened a new position in IDEX, acquiring 344,342 shares valued at about $56.0 million, equal to roughly 0.46% of the company at quarter end.
• IDEX beat quarterly expectations (EPS $2.10 vs. $2.04; revenue $899.1M, +4.2% Y/Y) and provided guidance of Q1 2026 EPS 1.730–1.780 and FY2026 EPS 8.150–8.35.
• Analysts are largely positive (six Buys, two Holds) with a consensus price target of $228.22; the stock trades near a ~$14B market cap with a P/E of about 29.3.

Dodge & Cox bought a new stake in IDEX Corporation (NYSE:IEX - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 344,342 shares of the industrial products company's stock, valued at approximately $56,045,000. Dodge & Cox owned approximately 0.46% of IDEX at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital A Wealth Management LLC purchased a new position in shares of IDEX during the second quarter valued at approximately $28,000. Loomis Sayles & Co. L P acquired a new stake in IDEX during the second quarter worth approximately $33,000. UMB Bank n.a. grew its stake in IDEX by 61.0% in the 3rd quarter. UMB Bank n.a. now owns 198 shares of the industrial products company's stock worth $32,000 after acquiring an additional 75 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in IDEX in the 2nd quarter worth approximately $35,000. Finally, MUFG Securities EMEA plc acquired a new position in IDEX in the 2nd quarter valued at $39,000. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

IDEX Stock Down 0.0%

Shares of NYSE:IEX opened at $188.11 on Friday. The stock has a 50-day simple moving average of $200.10 and a 200-day simple moving average of $179.69. The stock has a market capitalization of $13.99 billion, a P/E ratio of 29.35, a PEG ratio of 1.90 and a beta of 0.98. 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.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.10 EPS for the quarter, beating 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 firm had revenue of $899.10 million for the quarter, compared to analyst estimates of $882.00 million. During the same quarter last year, the firm posted $2.04 earnings per share. IDEX's revenue for the quarter 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 year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IEX. Stifel Nicolaus increased their price target on IDEX from $200.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, January 23rd. Citigroup upped their target price on IDEX from $202.00 to $243.00 and gave the company a "buy" rating in a research note on Thursday, February 5th. Oppenheimer reiterated an "outperform" rating and set a $230.00 target price on shares of IDEX in a research report on Thursday, February 5th. DA Davidson raised their price target on IDEX from $180.00 to $195.00 and gave the stock a "neutral" rating in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada lifted their price target on IDEX from $211.00 to $244.00 and gave the company an "outperform" 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 company's stock. Based on data from MarketBeat, IDEX currently has an average rating of "Moderate Buy" and a consensus target price 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.

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