TD Asset Management Inc Sells 61,575 Shares of IDEX Corporation $IEX

TD Asset Management Inc decreased its position in IDEX Corporation (NYSE:IEX) by 47.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,826 shares of the industrial products company’s stock after selling 61,575 shares during the quarter. TD Asset Management Inc’s holdings in IDEX were worth $11,202,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

IEX has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price objective on IDEX from $211.00 to $244.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Argus raised IDEX from a “hold” rating to a “buy” rating and set a $240.00 price target for the company in a research note on Friday, February 6th. TD Cowen increased their price objective 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. DA Davidson boosted their target price on shares of IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Finally, Stifel Nicolaus upped 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. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $228.22.

IDEX Stock Performance

NYSE:IEX opened at $209.06 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.02 and a current ratio of 2.86. IDEX Corporation has a fifty-two week low of $153.36 and a fifty-two week high of $217.15. The company has a 50 day simple moving average of $196.09 and a two-hundred day simple moving average of $177.49. The company has a market capitalization of $15.54 billion, a PE ratio of 32.61, a P/E/G ratio of 2.11 and a beta of 0.98.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share for the quarter, topping 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 firm had revenue of $899.10 million during the quarter, compared to the consensus estimate of $882.00 million. During the same period last year, the business posted $2.04 EPS. The business’s 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. Research analysts anticipate that IDEX Corporation will post 8.26 earnings per share 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.