Primecap Management Co. CA Purchases 1,237,129 Shares of IDEX Corporation $IEX

Primecap Management Co. CA lifted its position in shares of IDEX Corporation (NYSE:IEX) by 250.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,730,580 shares of the industrial products company’s stock after buying an additional 1,237,129 shares during the period. Primecap Management Co. CA’s holdings in IDEX were worth $281,669,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of IEX. Assetmark Inc. boosted its stake in shares of IDEX by 235.5% in the 2nd quarter. Assetmark Inc. now owns 1,899 shares of the industrial products company’s stock valued at $333,000 after purchasing an additional 1,333 shares in the last quarter. Nuance Investments LLC lifted its stake in IDEX by 102.3% in the third 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 boosted its position in IDEX by 193.6% during the third quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock valued at $382,049,000 after buying an additional 1,559,124 shares during the period. Robeco Schweiz AG grew its stake in shares of IDEX by 14.2% during 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 during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of IDEX by 70.1% during 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 during the last quarter. Institutional investors own 97.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on IEX shares. Stifel Nicolaus boosted their price objective on IDEX from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. 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 target 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 increased their price objective on IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Finally, TD Cowen lifted their price objective on IDEX from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, IDEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.22.

IDEX Price Performance

Shares of NYSE:IEX opened at $206.22 on Thursday. 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 firm’s 50 day simple moving average is $194.84 and its two-hundred day simple moving average is $176.75. The company has a market capitalization of $15.33 billion, a P/E ratio of 32.17, a P/E/G ratio of 2.10 and a beta of 1.00. IDEX Corporation has a 1-year low of $153.36 and a 1-year high of $217.15.

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, beating the consensus estimate of $2.04 by $0.06. The company had revenue of $899.10 million during the quarter, compared to analysts’ expectations of $882.00 million. IDEX had a net margin of 13.98% and a return on equity of 15.03%. IDEX’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $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. Research analysts expect that IDEX Corporation will post 8.26 EPS for the current fiscal 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.