Assenagon Asset Management S.A. Raises Holdings in IDEX Corporation $IEX

Assenagon Asset Management S.A. increased its position in IDEX Corporation (NYSE:IEX) by 13.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 62,606 shares of the industrial products company’s stock after purchasing an additional 7,559 shares during the period. Assenagon Asset Management S.A. owned 0.08% of IDEX worth $11,140,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IEX. Nuance Investments LLC grew its holdings in shares of IDEX by 102.3% during the third quarter. Nuance Investments LLC now owns 162,594 shares of the industrial products company’s stock worth $26,464,000 after buying an additional 82,223 shares during the last quarter. Nordea Investment Management AB raised its stake in 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 acquiring an additional 1,559,124 shares during the last quarter. Robeco Schweiz AG lifted its position in IDEX by 14.2% during the 3rd quarter. Robeco Schweiz AG now owns 271,089 shares of the industrial products company’s stock worth $44,122,000 after acquiring an additional 33,752 shares during the period. Allstate Corp acquired a new stake in IDEX during the 3rd quarter worth approximately $429,000. Finally, ING Groep NV purchased a new position in shares of IDEX in the 3rd quarter valued at approximately $887,000. 97.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Citigroup raised their target price on shares of IDEX from $202.00 to $243.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. TD Cowen boosted their price target on shares of IDEX from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Stifel Nicolaus increased 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. Oppenheimer restated an “outperform” rating and issued a $230.00 price objective on shares of IDEX in a research report on Thursday, February 5th. Finally, Argus raised IDEX from a “hold” rating to a “buy” rating and set a $240.00 price objective on the stock in a report on Friday, February 6th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $226.80.

IDEX Price Performance

NYSE:IEX opened at $186.68 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 cap of $13.88 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 1.92 and a beta of 0.98. The company’s 50-day moving average is $200.49 and its two-hundred day moving average is $181.41. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.45.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.06. The business had revenue of $899.10 million during the quarter, compared to the consensus estimate of $882.00 million. IDEX had a net margin of 13.98% and a return on equity of 15.03%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.04 earnings per share. 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 expect that IDEX Corporation will post 8.26 EPS for the current 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.