South Dakota Investment Council Increases Holdings in IDEX Corporation $IEX

South Dakota Investment Council boosted its holdings in IDEX Corporation (NYSE:IEX) by 91.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,575 shares of the industrial products company’s stock after purchasing an additional 3,625 shares during the quarter. South Dakota Investment Council’s holdings in IDEX were worth $1,233,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. State Street Corp boosted its position in shares of IDEX by 0.5% during the second quarter. State Street Corp now owns 3,099,752 shares of the industrial products company’s stock worth $544,223,000 after acquiring an additional 16,913 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of 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 purchasing an additional 1,559,124 shares during the last quarter. Geode Capital Management LLC grew its position in shares of IDEX by 1.5% during the second quarter. Geode Capital Management LLC now owns 2,000,861 shares of the industrial products company’s stock valued at $349,869,000 after purchasing an additional 29,353 shares in the last quarter. Primecap Management Co. CA grew its position in shares of IDEX by 250.7% during the third quarter. Primecap Management Co. CA now owns 1,730,580 shares of the industrial products company’s stock valued at $281,669,000 after purchasing an additional 1,237,129 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of IDEX by 0.9% in the second quarter. Invesco Ltd. now owns 1,559,341 shares of the industrial products company’s stock worth $273,773,000 after purchasing an additional 13,878 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Down 2.5%

Shares of IEX opened at $203.39 on Friday. 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 has a fifty day moving average of $198.34 and a 200 day moving average of $178.50. The company has a market cap of $15.12 billion, a PE ratio of 31.73, a P/E/G ratio of 2.11 and a beta of 0.98. IDEX Corporation has a 52-week low of $153.36 and a 52-week high of $217.15.

IDEX (NYSE:IEX) last announced its earnings results on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share for the quarter, beating the consensus estimate 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 business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior 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. On average, sell-side analysts expect that IDEX Corporation will post 8.26 EPS for the current year.

Analyst Upgrades and Downgrades

IEX has been the subject of several research analyst reports. DA Davidson raised their price target on IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Oppenheimer reiterated an “outperform” rating and set a $230.00 target price on shares of IDEX in a research report on Thursday, February 5th. Robert W. Baird set a $247.00 price target on shares of IDEX in a research report on Thursday, February 5th. Argus raised shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 price target on the stock in a research note on Friday, February 6th. Finally, Royal Bank Of Canada lifted their price objective on shares of IDEX from $211.00 to $244.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $228.22.

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.