Barclays PLC Decreases Stake in IDEX Corporation $IEX

Barclays PLC cut its stake in shares of IDEX Corporation (NYSE:IEX) by 73.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 353,884 shares of the industrial products company’s stock after selling 979,285 shares during the quarter. Barclays PLC owned about 0.47% of IDEX worth $57,598,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in IEX. Nordea Investment Management AB increased its stake in IDEX by 193.6% in 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 increased its stake in shares of IDEX by 250.7% during the 3rd quarter. Primecap Management Co. CA now owns 1,730,580 shares of the industrial products company’s stock worth $281,669,000 after purchasing an additional 1,237,129 shares in the last quarter. Norges Bank acquired a new position in shares of IDEX during the 2nd quarter worth approximately $156,009,000. Qube Research & Technologies Ltd lifted its stake in IDEX by 142.2% in the 2nd 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, Squarepoint Ops LLC grew its holdings in IDEX by 635.4% during the 2nd quarter. Squarepoint Ops LLC now owns 264,492 shares of the industrial products company’s stock valued at $46,437,000 after buying an additional 228,525 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. TD Cowen boosted their price target on IDEX from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Citigroup increased their price objective on IDEX from $202.00 to $243.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Oppenheimer reissued an “outperform” rating and issued a $230.00 target price on shares of IDEX in a research note on Thursday, February 5th. DA Davidson upped their target price on shares of IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Finally, Royal Bank Of Canada raised their price target on shares of IDEX from $211.00 to $244.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $228.22.

IDEX Stock Performance

Shares of IEX stock opened at $197.56 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.02 and a current ratio of 2.86. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 30.82, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a 50 day moving average price of $199.05 and a 200 day moving average price of $179.18. IDEX Corporation has a one year low of $153.36 and a one year high of $217.15.

IDEX (NYSE:IEX) last issued its 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 return on equity of 15.03% and a net margin of 13.98%.The firm had revenue of $899.10 million for the quarter, compared to analysts’ expectations of $882.00 million. During the same quarter last year, the firm earned $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. Sell-side analysts anticipate that IDEX Corporation will post 8.26 EPS for the current 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.