Nuance Investments LLC boosted its holdings in shares of IDEX Corporation (NYSE:IEX – Free Report) by 102.3% during the third quarter, Holdings Channel reports. The firm owned 162,594 shares of the industrial products company’s stock after acquiring an additional 82,223 shares during the quarter. IDEX makes up about 2.7% of Nuance Investments LLC’s investment portfolio, making the stock its 12th biggest position. Nuance Investments LLC’s holdings in IDEX were worth $26,464,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. State Street Corp grew its stake in IDEX by 0.5% in the second quarter. State Street Corp now owns 3,099,752 shares of the industrial products company’s stock worth $544,223,000 after purchasing an additional 16,913 shares during the period. Nordea Investment Management AB increased its holdings in shares of IDEX by 193.6% in the 3rd quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock worth $382,049,000 after purchasing an additional 1,559,124 shares in the last quarter. Geode Capital Management LLC lifted its stake in IDEX by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 2,000,861 shares of the industrial products company’s stock valued at $349,869,000 after acquiring an additional 29,353 shares during the period. Invesco Ltd. grew its position in IDEX by 0.9% in the 2nd 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 period. Finally, Amundi boosted its position in IDEX by 2.3% in the second quarter. Amundi now owns 1,278,688 shares of the industrial products company’s stock worth $231,791,000 after purchasing an additional 29,142 shares during the last quarter. 97.96% of the stock is owned by institutional investors.
IDEX Price Performance
Shares of IEX stock opened at $211.31 on Monday. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $217.16. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 32.97, a P/E/G ratio of 2.13 and a beta of 1.00. The stock has a fifty day simple moving average of $186.55 and a two-hundred day simple moving average of $173.12.
IDEX Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, January 16th. IDEX’s payout ratio is 44.31%.
More IDEX News
Here are the key news stories impacting IDEX this week:
- Positive Sentiment: Q4 earnings beat and record AI-linked orders lifted sentiment — the market reacted strongly to the Q4 beat and management cited sizable AI/data-center demand driving outperformance. Why IDEX (IEX) Is Up 8.1% After Q4 Earnings Beat And Record AI-Linked Orders
- Positive Sentiment: Analyst upgrade from Argus to “buy” with a $240 price target signals increased upside expectations from sell-side research. IEX: Argus upgrade
- Positive Sentiment: Industry/hedge-fund coverage is bullish — IEX is listed among top industrial machinery names to buy, with recent analyst coverage skewing to Buy. Attractive Sector Valuations Drive Interest Towards IDEX
- Positive Sentiment: The stock reached a new 52-week high on the strength of the earnings print and order commentary, underlining momentum in demand-sensitive end markets. IDEX Reaches New 52-Week High
- Neutral Sentiment: DA Davidson raised its price target (to $195) but maintained a “neutral” rating — shows some upward revaluation without a full conviction upgrade. DA Davidson raises price target
- Neutral Sentiment: Detailed Q4 commentary and transcript available for investors to parse (useful for reading management tone on orders, margins, and capex). Q4 earnings call transcript
- Negative Sentiment: Mixed Q4 results and Q1 earnings guidance disappointed — management set Q1 guidance below some expectations, which prompted an intraday pullback after the initial rally. Shares slip as Q1 guidance disappoints
Analyst Ratings Changes
A number of brokerages recently commented on IEX. DA Davidson raised their target price on IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday. Oppenheimer reiterated an “outperform” rating and issued a $230.00 price target on shares of IDEX in a report on Thursday. Stifel Nicolaus increased their price target on IDEX from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Argus upgraded shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 price objective for the company in a research report on Friday. Finally, Robert W. Baird set a $247.00 target price on IDEX in a research report on Thursday. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.22.
View Our Latest Stock Analysis on IEX
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.
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