Element Capital Management LLC Takes $502,000 Position in IDEX Corporation $IEX

Element Capital Management LLC bought a new position in IDEX Corporation (NYSE:IEX) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,083 shares of the industrial products company’s stock, valued at approximately $502,000.

Several other institutional investors have also bought and sold shares of IEX. Nuance Investments LLC grew its holdings in shares of IDEX by 102.3% in the 3rd quarter. Nuance Investments LLC now owns 162,594 shares of the industrial products company’s stock worth $26,464,000 after purchasing an additional 82,223 shares during the last quarter. Nordea Investment Management AB lifted its holdings in IDEX by 193.6% during 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 purchasing an additional 1,559,124 shares during the last quarter. Robeco Schweiz AG boosted its position in IDEX by 14.2% in the third quarter. Robeco Schweiz AG now owns 271,089 shares of the industrial products company’s stock valued at $44,122,000 after buying an additional 33,752 shares in the last quarter. SG Americas Securities LLC boosted its position in IDEX by 70.1% in the second quarter. SG Americas Securities LLC now owns 15,636 shares of the industrial products company’s stock valued at $2,745,000 after buying an additional 6,443 shares in the last quarter. Finally, Allstate Corp bought a new stake in IDEX during the third quarter worth about $429,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Price Performance

Shares of IEX stock opened at $188.11 on Friday. IDEX Corporation has a 1 year low of $153.36 and a 1 year high of $217.15. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $200.10 and its 200-day moving average is $179.79. The firm has a market capitalization of $13.99 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 1.90 and a beta of 0.98.

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

Analyst Upgrades and Downgrades

IEX has been the subject of a number of research analyst reports. TD Cowen lifted their target price on shares of IDEX from $200.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Royal Bank Of Canada increased 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. Argus upgraded IDEX from a “hold” rating to a “buy” rating and set a $240.00 price objective for the company in a research report on Friday, February 6th. Citigroup boosted their price objective on IDEX from $202.00 to $243.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Stifel Nicolaus increased their target price on IDEX from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $228.22.

IDEX Company 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.