Oppenheimer Asset Management Inc. Trims Holdings in IDEX Corporation $IEX

Oppenheimer Asset Management Inc. lessened its holdings in IDEX Corporation (NYSE:IEX) by 70.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,972 shares of the industrial products company’s stock after selling 7,068 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in IDEX were worth $484,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Empowered Funds LLC increased its position in IDEX by 3.4% during 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. Cullen Frost Bankers Inc. grew its stake in shares of IDEX by 2.0% in the second quarter. Cullen Frost Bankers Inc. now owns 3,112 shares of the industrial products company’s stock worth $546,000 after acquiring an additional 60 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of IDEX by 61.0% during the third quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 75 shares in the last quarter. Bessemer Group Inc. raised its position in shares of IDEX by 16.6% in the 3rd quarter. Bessemer Group Inc. now owns 577 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 82 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its position in shares of IDEX by 5.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 1,864 shares of the industrial products company’s stock worth $312,000 after purchasing an additional 96 shares during the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

IDEX Trading Up 2.5%

IDEX stock opened at $210.31 on Monday. IDEX Corporation has a 52-week low of $153.36 and a 52-week high of $217.15. The company has a market cap of $15.74 billion, a P/E ratio of 32.81, a P/E/G ratio of 2.12 and a beta of 1.00. 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 business has a 50-day simple moving average of $189.90 and a two-hundred day simple moving average of $174.16.

IDEX (NYSE:IEX) 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 quarter in the prior year, the business earned $2.04 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. IDEX has set its Q1 2026 guidance at 1.730-1.780 EPS and its FY 2026 guidance at 8.150-8.35 EPS. Analysts predict that IDEX Corporation will post 8.26 EPS for the current year.

Analyst Upgrades and Downgrades

IEX has been the subject of several recent analyst reports. Stifel Nicolaus lifted their target price on shares of IDEX from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Argus raised shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 price target for the company in a research report on Friday, February 6th. Robert W. Baird set a $247.00 price objective on IDEX in a research report on Thursday, February 5th. TD Cowen lifted their target price on IDEX from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Finally, Royal Bank Of Canada boosted their price target on IDEX from $211.00 to $244.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, IDEX currently has a consensus rating of “Moderate Buy” and an average target price of $228.22.

About IDEX

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.