SG Americas Securities LLC lifted its position in IDEX Corporation (NYSE:IEX - Free Report) by 2,690.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,508 shares of the industrial products company's stock after purchasing an additional 31,343 shares during the quarter. SG Americas Securities LLC's holdings in IDEX were worth $5,784,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC raised its stake in shares of IDEX by 3.4% in the 1st 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. Cetera Investment Advisers boosted its position in shares of IDEX by 14.0% during the 2nd quarter. Cetera Investment Advisers now owns 5,308 shares of the industrial products company's stock valued at $932,000 after acquiring an additional 653 shares in the last quarter. Franklin Resources Inc. increased its stake in IDEX by 1.9% in the second quarter. Franklin Resources Inc. now owns 7,731 shares of the industrial products company's stock valued at $1,357,000 after acquiring an additional 144 shares during the period. Russell Investments Group Ltd. raised its position in IDEX by 69.1% in the second quarter. Russell Investments Group Ltd. now owns 75,801 shares of the industrial products company's stock worth $13,315,000 after purchasing an additional 30,970 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in IDEX by 0.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 62,440 shares of the industrial products company's stock worth $10,963,000 after purchasing an additional 420 shares in the last quarter. 97.96% of the stock is owned by institutional investors.
IDEX Trading Up 3.3%
Shares of IEX stock opened at $189.55 on Wednesday. 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 company has a market capitalization of $14.09 billion, a P/E ratio of 29.57, a P/E/G ratio of 1.85 and a beta of 0.98. IDEX Corporation has a 12-month low of $153.36 and a 12-month high of $217.15. The firm has a 50-day moving average price of $200.14 and a 200 day moving average price of $182.04.
IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share for the quarter, topping 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 analysts' expectations of $882.00 million. During the same period in the prior year, the firm earned $2.04 earnings per share. The company's quarterly 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. Research analysts forecast that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on IDEX from $200.00 to $220.00 and gave the company a "buy" rating in a report on Friday, January 23rd. Argus raised IDEX from a "hold" rating to a "buy" rating and set a $240.00 target price for the company in a report on Friday, February 6th. DA Davidson raised their target price on IDEX from $180.00 to $195.00 and gave the stock a "neutral" rating in a research report on Thursday, February 5th. Royal Bank Of Canada boosted their price target on IDEX from $211.00 to $244.00 and gave the company an "outperform" rating in a research note on Thursday, February 5th. Finally, Citigroup upped their price target on IDEX from $202.00 to $243.00 and gave the company a "buy" rating in a research report on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, IDEX currently has a consensus rating of "Moderate Buy" and an average price target of $226.80.
Check Out Our Latest Stock Report on IDEX
IDEX Company Profile
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Free Report)
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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