RNC Capital Management LLC Boosts Stock Holdings in IDEX Corporation $IEX

Key Points

• RNC Capital Management boosted its stake in IDEX by 227.3% in Q4, adding 13,755 shares to hold 19,807 shares worth $3.524 million, while institutional ownership of the stock is about 97.96%.
• IDEX beat quarterly expectations, reporting $2.00 EPS vs. $1.78 consensus and $886.9M revenue vs. $845.6M consensus (revenue +8.9% YoY), and issued FY2026 guidance of $8.35–8.55 EPS.
• Analysts are increasingly positive: multiple brokerages raised price targets (TD Cowen $260, RBC $252, Oppenheimer $242), leaving a "Moderate Buy" consensus and an average target of $234.70 versus the stock trading near $214.

RNC Capital Management LLC raised its stake in IDEX Corporation (NYSE:IEX - Free Report) by 227.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,807 shares of the industrial products company's stock after purchasing an additional 13,755 shares during the quarter. RNC Capital Management LLC's holdings in IDEX were worth $3,524,000 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 company. GoalVest Advisory LLC acquired a new position in IDEX in the fourth quarter valued at $26,000. Laurel Wealth Advisors LLC purchased a new stake in IDEX during the fourth quarter valued at about $27,000. UMB Bank n.a. increased its stake in IDEX by 61.0% during 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 last quarter. Cromwell Holdings LLC increased its stake in IDEX by 41.1% during 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 last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of IDEX in the 2nd quarter worth about $35,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Trading Down 0.5%

IEX opened at $213.95 on Tuesday. The firm's 50 day moving average is $198.99 and its 200-day moving average is $188.12. IDEX Corporation has a 52-week low of $157.25 and a 52-week high of $223.85. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $15.83 billion, a P/E ratio of 31.65, a P/E/G ratio of 2.12 and a beta of 1.02.

IDEX (NYSE:IEX - Get Free Report) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $845.58 million. During the same period in the prior year, the firm earned $1.75 earnings per share. 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. Analysts expect that IDEX Corporation will post 8.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IEX. Royal Bank Of Canada boosted their target price on IDEX from $225.00 to $252.00 and gave the stock an "outperform" rating in a report on Thursday. DA Davidson increased 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. Oppenheimer restated an "outperform" rating and set a $242.00 target price on shares of IDEX in a report on Thursday. TD Cowen increased their price target on IDEX from $250.00 to $260.00 and gave the company a "buy" rating in a report on Thursday. Finally, Stifel Nicolaus set a $250.00 price objective on IDEX in a research report on Thursday. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $234.70.

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.

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