M&T Bank Corp Purchases 93,114 Shares of IDEX Corporation $IEX

Key Points

• M&T Bank Corp boosted its stake in IDEX by 1,333.1%, buying 93,114 shares to hold 100,099 shares worth about $17.8 million (roughly 0.13% of the company).
• Analyst sentiment is mixed: the consensus is a Moderate Buy with a $228.90 target, but Zacks has trimmed near-term EPS forecasts and commentary that IDEX’s valuation may be stretched raises short-term downside risk.
• IDEX recently beat Q4 estimates (EPS $2.10 vs. $2.04; revenue $899.1M, +4.2%) and set Q1 2026 guidance of $1.73–$1.78 and FY2026 guidance of $8.15–$8.35 EPS, with shares trading around $206.82.

M&T Bank Corp grew its position in shares of IDEX Corporation (NYSE:IEX - Free Report) by 1,333.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,099 shares of the industrial products company's stock after purchasing an additional 93,114 shares during the period. M&T Bank Corp owned about 0.13% of IDEX worth $17,812,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in IEX. GoalVest Advisory LLC bought a new stake in shares of IDEX in the 4th quarter worth approximately $26,000. UMB Bank n.a. lifted its holdings in shares of 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 last quarter. Cromwell Holdings LLC lifted its holdings in shares of IDEX by 41.1% in the 4th 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 last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of IDEX in the 2nd quarter worth approximately $35,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of IDEX in the 2nd quarter worth approximately $39,000. 97.96% of the stock is currently owned by institutional investors.

More IDEX News

Here are the key news stories impacting IDEX this week:

• Neutral Sentiment: Transcript posted of IDEX’s Q2 2025 earnings call — useful for detail and management comments but not new guidance; unlikely to move the stock materially by itself. IDEX (IEX) Q2 2025 Earnings Call Transcript
• Negative Sentiment: Zacks analysts have trimmed multiple near-term and multi-year EPS forecasts for IEX (small downward adjustments across Q1–Q4 FY2027 and FY2028), and a Zacks preview notes IDEX “doesn't possess the right combination” of factors for a likely earnings beat next week — this creates downside risk to sentiment and could cap near-term upside if the company misses. Idex (IEX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
• Negative Sentiment: A Seeking Alpha piece argues IDEX’s valuation looks stretched even given strong growth prospects — a narrative that can pressure multiples and make the stock sensitive to any execution slips or analyst cuts. IDEX Corporation's Valuation Is Too High Even With Strong Growth

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on IEX shares. Oppenheimer reissued an "outperform" rating and issued a $230.00 target price on shares of IDEX in a research note on Thursday, February 5th. Weiss Ratings reissued a "hold (c)" rating on shares of IDEX in a research note on Monday. DA Davidson boosted their target price on IDEX from $180.00 to $195.00 and gave the company a "neutral" rating in a research note on Thursday, February 5th. Robert W. Baird set a $247.00 target price on IDEX in a research note on Thursday, February 5th. Finally, Stifel Nicolaus lowered their target price on IDEX from $244.00 to $241.00 and set a "buy" rating for the company in a research note on Tuesday, April 14th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $228.90.

IDEX Trading Up 1.6%

NYSE:IEX opened at $206.82 on Friday. The company has a fifty day moving average of $198.87 and a 200 day moving average of $186.19. IDEX Corporation has a 52 week low of $157.25 and a 52 week 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 firm has a market capitalization of $15.38 billion, a P/E ratio of 32.27, a P/E/G ratio of 2.06 and a beta of 0.99.

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 analysts' consensus estimates of $2.04 by $0.06. IDEX had a net margin of 13.98% and a return on equity of 15.03%. 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 business posted $2.04 EPS. The firm's revenue 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. On average, research analysts predict that IDEX Corporation will post 8.23 earnings per share for the current year.

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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