Fenimore Asset Management Inc Sells 55,476 Shares of IDEX Corporation $IEX

Key Points

• Fenimore Asset Management trimmed its stake in IDEX by 6.3%, selling 55,476 shares in Q4 and now holds 819,203 shares (about 1.09% of IDEX) valued at roughly $145.77 million, making it the firm's 11th-largest position.
• IDEX beat quarterly expectations—reporting $2.00 EPS versus $1.78 expected and $886.9M in revenue—and set Q2 2026 guidance of 2.070–2.120 EPS and FY 2026 guidance of 8.350–8.550 EPS.
• Analyst sentiment is positive with a consensus rating of "Moderate Buy" and a $234.70 average target, while the stock trades at about a 31.9 P/E and a $15.94 billion market cap.

Fenimore Asset Management Inc trimmed its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 819,203 shares of the industrial products company's stock after selling 55,476 shares during the period. IDEX comprises about 3.0% of Fenimore Asset Management Inc's holdings, making the stock its 11th largest position. Fenimore Asset Management Inc owned approximately 1.09% of IDEX worth $145,769,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GoalVest Advisory LLC bought a new position in shares of IDEX during the fourth quarter valued at about $26,000. Laurel Wealth Advisors LLC bought a new stake in IDEX in the fourth quarter worth about $27,000. UMB Bank n.a. raised its position in IDEX by 61.0% in the third 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 bought a new stake in IDEX in the second quarter worth about $35,000. Finally, Cromwell Holdings LLC raised its position in IDEX by 41.1% in the fourth quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company's stock worth $35,000 after acquiring an additional 58 shares during the period. 97.96% of the stock is owned by institutional investors.

IDEX Price Performance

IEX stock opened at $215.32 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.02. IDEX Corporation has a one year low of $157.25 and a one year high of $223.85. The stock has a market cap of $15.94 billion, a PE ratio of 31.85, a P/E/G ratio of 2.12 and a beta of 1.02. The firm has a 50 day simple moving average of $198.99 and a two-hundred day simple moving average of $187.94.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.22. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The business had revenue of $886.90 million during the quarter, compared to analysts' expectations of $845.58 million. During the same quarter in the previous year, the company earned $1.75 EPS. The business's quarterly revenue was up 8.9% compared to the same quarter last year. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. On average, analysts predict that IDEX Corporation will post 8.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on IEX. BMO Capital Markets began 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. TD Cowen lifted their price objective on shares of IDEX from $250.00 to $260.00 and gave the stock a "buy" rating in a research report on Thursday. Robert W. Baird set a $257.00 price objective on shares of IDEX in a research report on Thursday. Stifel Nicolaus set a $250.00 price objective on shares of IDEX in a research report on Thursday. Finally, 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 research report on Friday, February 6th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $234.70.

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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