Handelsbanken Fonder AB Increases Stake in IDEX Corporation $IEX

Handelsbanken Fonder AB raised its stake in IDEX Corporation (NYSE:IEX) by 16.9% in the third quarter, HoldingsChannel reports. The fund owned 23,500 shares of the industrial products company’s stock after purchasing an additional 3,400 shares during the period. Handelsbanken Fonder AB’s holdings in IDEX were worth $3,825,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB increased its holdings in shares of 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 in the last quarter. Primecap Management Co. CA grew its position in IDEX by 250.7% during the third quarter. Primecap Management Co. CA now owns 1,730,580 shares of the industrial products company’s stock valued at $281,669,000 after buying an additional 1,237,129 shares during the period. Norges Bank purchased a new position in IDEX in the second quarter valued at $156,009,000. Qube Research & Technologies Ltd increased its holdings in IDEX by 142.2% in the second quarter. Qube Research & Technologies Ltd now owns 652,664 shares of the industrial products company’s stock valued at $114,588,000 after buying an additional 383,221 shares in the last quarter. Finally, Flossbach Von Storch SE raised its position in shares of IDEX by 132.8% in the second quarter. Flossbach Von Storch SE now owns 640,792 shares of the industrial products company’s stock worth $112,504,000 after acquiring an additional 365,525 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IEX. DA Davidson lifted their price target on IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Robert W. Baird set a $247.00 price objective on IDEX in a research report on Thursday, February 5th. Argus raised IDEX from a “hold” rating to a “buy” rating and set a $240.00 target price for the company in a research note on Friday, February 6th. TD Cowen lifted their price target 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. Finally, Stifel Nicolaus boosted their price target on shares of 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $228.22.

IDEX Trading Up 1.0%

Shares of IEX opened at $211.47 on Tuesday. The firm’s fifty day moving average is $196.73 and its two-hundred day moving average is $177.80. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. The stock has a market cap of $15.72 billion, a PE ratio of 32.99, a price-to-earnings-growth 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.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share (EPS) 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 revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.04 EPS. 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 forecast that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

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.