Snyder Capital Management L P Cuts Stake in IDEX Corporation $IEX

Snyder Capital Management L P cut its holdings in shares of IDEX Corporation (NYSE:IEX) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 489,700 shares of the industrial products company’s stock after selling 8,198 shares during the quarter. IDEX accounts for 1.5% of Snyder Capital Management L P’s investment portfolio, making the stock its 23rd largest position. Snyder Capital Management L P owned approximately 0.65% of IDEX worth $79,704,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Capital A Wealth Management LLC acquired a new stake in shares of IDEX in the second quarter valued at $28,000. UMB Bank n.a. increased its holdings in IDEX by 61.0% during the 3rd quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 75 shares during the period. Loomis Sayles & Co. L P acquired a new stake in IDEX in the 2nd quarter valued at about $33,000. CYBER HORNET ETFs LLC acquired a new stake in IDEX in the 2nd quarter valued at about $35,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of IDEX in the 2nd quarter valued at about $39,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IEX. Oppenheimer restated an “outperform” rating and set a $230.00 target price on shares of IDEX in a research note on Thursday, February 5th. Argus upgraded shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 price target for the company in a report on Friday, February 6th. Royal Bank Of Canada increased their price objective on shares of IDEX from $211.00 to $244.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. DA Davidson raised their price objective on shares of IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Finally, Citigroup boosted their target price on shares of IDEX from $202.00 to $243.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, IDEX currently has an average rating of “Moderate Buy” and a consensus price target of $228.22.

IDEX Trading Down 0.2%

NYSE:IEX opened at $208.60 on Thursday. The company has a market capitalization of $15.51 billion, a PE ratio of 32.54, a P/E/G ratio of 2.11 and a beta of 0.98. IDEX Corporation has a 52-week low of $153.36 and a 52-week high of $217.15. The stock’s 50 day moving average price is $197.88 and its 200 day moving average price is $178.33. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.45.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.06. The business had revenue of $899.10 million during the quarter, compared to the consensus estimate of $882.00 million. IDEX had a return on equity of 15.03% and a net margin of 13.98%.The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.04 earnings per share. 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 anticipate that IDEX Corporation will post 8.26 EPS for the current year.

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.