Mitsubishi UFJ Asset Management Co. Ltd. Boosts Position in IDEX Corporation $IEX

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in IDEX Corporation (NYSE:IEX) by 8.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 153,619 shares of the industrial products company’s stock after acquiring an additional 11,826 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.21% of IDEX worth $25,003,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Capital A Wealth Management LLC bought a new position in shares of IDEX in the 2nd quarter worth approximately $28,000. Loomis Sayles & Co. L P bought a new stake in IDEX during the second quarter valued at approximately $33,000. UMB Bank n.a. increased its holdings in 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 buying an additional 75 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in IDEX during the second quarter valued at approximately $35,000. Finally, MUFG Securities EMEA plc bought a new position in IDEX in the second quarter worth approximately $39,000. 97.96% of the stock is currently owned by institutional investors.

IDEX Price Performance

NYSE:IEX opened at $209.06 on Monday. The business’s 50-day simple moving average is $196.09 and its two-hundred day simple moving average is $177.49. IDEX Corporation has a 52 week low of $153.36 and a 52 week high of $217.15. The stock has a market cap of $15.54 billion, a PE ratio of 32.61, a P/E/G ratio of 2.11 and a beta of 0.98. 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 released its earnings results on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.06. The firm had revenue of $899.10 million during the quarter, compared to analysts’ expectations of $882.00 million. IDEX had a return on equity of 15.03% and a net margin of 13.98%.The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business 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. As a group, analysts forecast that IDEX Corporation will post 8.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IEX. Robert W. Baird set a $247.00 price objective on shares of IDEX in a research report on Thursday, February 5th. Argus upgraded IDEX from a “hold” rating to a “buy” rating and set a $240.00 target price on the stock in a research report on Friday, February 6th. Oppenheimer reissued an “outperform” rating and set a $230.00 price target on shares of IDEX in a report on Thursday, February 5th. DA Davidson upped their price target on IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Finally, Citigroup lifted their price objective on IDEX from $202.00 to $243.00 and gave the company 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 given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.