Primecap Management Co. CA Raises Position in IDEX Corporation $IEX

Primecap Management Co. CA boosted its position in IDEX Corporation (NYSE:IEX) by 250.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,730,580 shares of the industrial products company’s stock after purchasing an additional 1,237,129 shares during the period. Primecap Management Co. CA owned about 2.31% of IDEX worth $281,669,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital A Wealth Management LLC bought a new stake in shares of IDEX in the second quarter valued at $28,000. UMB Bank n.a. raised its stake in IDEX by 61.0% in 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 during the period. Loomis Sayles & Co. L P bought a new stake in IDEX in the 2nd quarter valued at about $33,000. CYBER HORNET ETFs LLC purchased a new stake in IDEX during the second quarter valued at about $35,000. Finally, MUFG Securities EMEA plc bought a new position in IDEX during the second quarter worth about $39,000. 97.96% of the stock is owned by institutional investors.

IDEX Stock Performance

NYSE:IEX opened at $206.22 on Thursday. The stock has a market cap of $15.33 billion, a P/E ratio of 32.17, a PEG ratio of 2.10 and a beta of 1.00. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $194.84 and its two-hundred day moving average price is $176.75. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $217.15.

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

Analyst Ratings Changes

A number of analysts recently commented on IEX shares. Royal Bank Of Canada upped 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. Citigroup boosted 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. Stifel Nicolaus raised their price target on IDEX from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. DA Davidson lifted their price target on IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Finally, TD Cowen increased their price objective on IDEX from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $228.22.

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.