IDEX Corporation $IEX Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in shares of IDEX Corporation (NYSE:IEX) by 81.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,635 shares of the industrial products company’s stock after selling 37,294 shares during the quarter. Thrivent Financial for Lutherans’ holdings in IDEX were worth $1,406,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IEX. National Pension Service lifted its stake in IDEX by 106.4% in the third quarter. National Pension Service now owns 2,537 shares of the industrial products company’s stock valued at $413,000 after buying an additional 1,308 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of IDEX by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 22,384 shares of the industrial products company’s stock worth $3,643,000 after acquiring an additional 304 shares during the period. AE Wealth Management LLC increased its holdings in shares of IDEX by 4.2% in the 3rd quarter. AE Wealth Management LLC now owns 158,841 shares of the industrial products company’s stock worth $25,853,000 after acquiring an additional 6,409 shares during the period. Flossbach Von Storch SE lifted its position in IDEX by 23.4% in the 3rd quarter. Flossbach Von Storch SE now owns 791,020 shares of the industrial products company’s stock valued at $128,746,000 after purchasing an additional 150,228 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in IDEX by 709.4% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 518 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 454 shares during the period. 97.96% of the stock is currently owned by institutional investors.

IDEX Price Performance

NYSE IEX opened at $210.31 on Friday. IDEX Corporation has a 12 month low of $153.36 and a 12 month high of $217.15. The firm has a market capitalization of $15.74 billion, a PE ratio of 32.81, a P/E/G ratio of 2.06 and a beta of 1.00. The company’s 50 day simple moving average is $189.90 and its 200 day simple moving average is $174.17. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.02.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.06. IDEX had a return on equity of 15.03% and a net margin of 13.98%.The firm had revenue of $899.10 million during the quarter, compared to the consensus estimate of $882.00 million. During the same period in the prior year, the firm posted $2.04 earnings per share. The firm’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. As a group, equities research analysts forecast that IDEX Corporation will post 8.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Royal Bank Of Canada raised their price target on shares of IDEX from $211.00 to $244.00 and gave the company an “outperform” rating in a research note 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. 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 reaffirmed an “outperform” rating and set a $230.00 target price on shares of IDEX in a research note on Thursday, February 5th. Finally, Citigroup boosted their price target on IDEX from $202.00 to $243.00 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $228.22.

IDEX 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.