Westfield Capital Management Co. LP Has $64.83 Million Stock Position in IDEX Corporation $IEX

Westfield Capital Management Co. LP lowered its stake in shares of IDEX Corporation (NYSE:IEX) by 9.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 398,283 shares of the industrial products company’s stock after selling 40,381 shares during the period. Westfield Capital Management Co. LP’s holdings in IDEX were worth $64,825,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in IEX. State Street Corp increased its holdings in IDEX by 0.5% during the second quarter. State Street Corp now owns 3,099,752 shares of the industrial products company’s stock worth $544,223,000 after buying an additional 16,913 shares during the last quarter. Nordea Investment Management AB grew its position in shares of IDEX by 193.6% in the 3rd quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock valued at $382,049,000 after acquiring an additional 1,559,124 shares during the period. Geode Capital Management LLC increased its stake in shares of IDEX by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 2,000,861 shares of the industrial products company’s stock worth $349,869,000 after purchasing an additional 29,353 shares during the last quarter. Primecap Management Co. CA raised its holdings in shares of IDEX by 250.7% in the 3rd quarter. Primecap Management Co. CA now owns 1,730,580 shares of the industrial products company’s stock valued at $281,669,000 after purchasing an additional 1,237,129 shares during the period. Finally, Invesco Ltd. lifted its stake in IDEX by 0.9% in the 2nd quarter. Invesco Ltd. now owns 1,559,341 shares of the industrial products company’s stock valued at $273,773,000 after purchasing an additional 13,878 shares during the last quarter. 97.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IEX. 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 report on Thursday, February 5th. DA Davidson boosted their target price on IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Stifel Nicolaus increased their price target on IDEX from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Robert W. Baird set a $247.00 price objective on shares of IDEX in a research report on Thursday, February 5th. Finally, Argus upgraded shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 price objective on the stock in a report on Friday, February 6th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, IDEX presently has a consensus rating of “Moderate Buy” and a consensus price target of $228.22.

IDEX Stock Performance

IEX opened at $209.39 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.02. The business has a fifty day simple moving average of $195.47 and a 200 day simple moving average of $176.98. IDEX Corporation has a 1 year low of $153.36 and a 1 year high of $217.15. The company has a market capitalization of $15.57 billion, a PE ratio of 32.67, a price-to-earnings-growth ratio of 2.07 and a beta of 1.00.

IDEX (NYSE:IEX) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.06. IDEX had a return on equity of 15.03% and a net margin of 13.98%.The company had revenue of $899.10 million during the quarter, compared to the consensus estimate of $882.00 million. During the same quarter last year, the firm earned $2.04 earnings per share. The company’s 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. Research analysts expect that IDEX Corporation will post 8.26 EPS for the current year.

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.