Citigroup Inc. Increases Stock Position in IDEX Corporation $IEX

Citigroup Inc. increased its stake in IDEX Corporation (NYSE:IEX) by 15.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 114,638 shares of the industrial products company’s stock after acquiring an additional 15,309 shares during the quarter. Citigroup Inc. owned approximately 0.15% of IDEX worth $18,658,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital A Wealth Management LLC purchased a new position in shares of IDEX during the 2nd quarter worth $28,000. UMB Bank n.a. raised its holdings in IDEX by 61.0% in the third quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 75 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in IDEX during the 2nd quarter worth about $33,000. CYBER HORNET ETFs LLC acquired a new position in IDEX in the second quarter valued at $35,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of IDEX in the second quarter valued at approximately $39,000. 97.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

IDEX Stock Performance

Shares of NYSE IEX opened at $209.39 on Friday. The business’s 50 day moving average is $195.47 and its two-hundred day moving average is $176.98. 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 Corporation has a 12 month low of $153.36 and a 12 month high of $217.15. The company has a market cap of $15.57 billion, a P/E ratio of 32.67, a P/E/G ratio of 2.07 and a beta of 1.00.

IDEX (NYSE:IEX) last released its quarterly earnings data 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 company had revenue of $899.10 million for the quarter, compared to the consensus estimate of $882.00 million. During the same period in the previous year, the business earned $2.04 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. IDEX has set its Q1 2026 guidance at 1.730-1.780 EPS and its FY 2026 guidance at 8.150-8.35 EPS. On average, equities analysts expect that IDEX Corporation will post 8.26 EPS for the current 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.