CIBC Private Wealth Group LLC Has $28.05 Million Position in IDEX Corporation $IEX

CIBC Private Wealth Group LLC lowered its holdings in IDEX Corporation (NYSE:IEX) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,312 shares of the industrial products company’s stock after selling 4,712 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.23% of IDEX worth $28,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC lifted its stake in IDEX by 3.4% in the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after acquiring an additional 54 shares in the last quarter. UMB Bank n.a. grew its stake in IDEX by 61.0% during the 3rd 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. Bessemer Group Inc. grew its stake in IDEX by 16.6% during the 3rd quarter. Bessemer Group Inc. now owns 577 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 82 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of IDEX by 5.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 1,864 shares of the industrial products company’s stock valued at $312,000 after purchasing an additional 96 shares during the period. Finally, Equitable Trust Co. increased its holdings in shares of IDEX by 8.1% in the 3rd quarter. Equitable Trust Co. now owns 1,369 shares of the industrial products company’s stock valued at $223,000 after purchasing an additional 102 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

Wall Street Analysts Forecast Growth

IEX has been the subject of several research reports. Citigroup raised their price target on shares of IDEX from $202.00 to $243.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. DA Davidson upped their price objective on shares of IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. TD Cowen increased their target price on shares of IDEX from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Royal Bank Of Canada lifted their target price 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. Finally, Argus upgraded shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 price target on the stock in a report on Friday, February 6th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, IDEX presently has a consensus rating of “Moderate Buy” and an average target price of $228.22.

IDEX Stock Down 1.5%

IEX opened at $187.29 on Friday. The company has a market capitalization of $13.92 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 1.92 and a beta of 0.98. 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 Corporation has a fifty-two week low of $153.36 and a fifty-two week high of $217.15. The business has a 50-day moving average of $200.64 and a 200-day moving average of $180.35.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.10 EPS for the quarter, beating the consensus estimate of $2.04 by $0.06. IDEX had a return on equity of 15.03% and a net margin of 13.98%.The business had revenue of $899.10 million during the quarter, compared to analysts’ expectations of $882.00 million. During the same quarter in the previous year, the business posted $2.04 EPS. The firm’s quarterly revenue 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. Equities research analysts forecast that IDEX Corporation will post 8.26 EPS for the current fiscal year.

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.