Mitsubishi UFJ Asset Management Co. Ltd. Buys 11,826 Shares of IDEX Corporation $IEX

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in IDEX Corporation (NYSE:IEX) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 153,619 shares of the industrial products company’s stock after purchasing an additional 11,826 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in IDEX were worth $25,003,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. raised its position in shares of IDEX by 235.5% during the 2nd quarter. Assetmark Inc. now owns 1,899 shares of the industrial products company’s stock valued at $333,000 after buying an additional 1,333 shares in the last quarter. Nuance Investments LLC grew its position in IDEX by 102.3% in the third quarter. Nuance Investments LLC now owns 162,594 shares of the industrial products company’s stock worth $26,464,000 after acquiring an additional 82,223 shares in the last quarter. Nordea Investment Management AB increased its stake in IDEX by 193.6% during the third quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock worth $382,049,000 after acquiring an additional 1,559,124 shares during the last quarter. Robeco Schweiz AG increased its stake in IDEX by 14.2% during the third 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 last quarter. Finally, SG Americas Securities LLC raised its position in IDEX by 70.1% during the second quarter. SG Americas Securities LLC now owns 15,636 shares of the industrial products company’s stock valued at $2,745,000 after purchasing an additional 6,443 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on IEX shares. Oppenheimer reiterated an “outperform” rating and issued a $230.00 target price on shares of IDEX in a report on Thursday, February 5th. Royal Bank Of Canada raised their price target on IDEX from $211.00 to $244.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Robert W. Baird set a $247.00 price objective on shares of IDEX in a research note on Thursday, February 5th. Stifel Nicolaus boosted their price objective on shares of IDEX from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Finally, DA Davidson raised their target price on shares of IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $228.22.

IDEX Trading Down 0.3%

Shares of IEX opened at $209.06 on Monday. IDEX Corporation has a 1-year low of $153.36 and a 1-year high of $217.15. The company has a 50-day moving average of $196.09 and a 200 day moving average of $177.49. The firm has a market capitalization of $15.54 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 2.11 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 (NYSE:IEX) last issued its 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 for 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 revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.04 EPS. 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, 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.