CIBC Private Wealth Group LLC Has $28.05 Million Holdings in IDEX Corporation $IEX

CIBC Private Wealth Group LLC cut its holdings in IDEX Corporation (NYSE:IEX) by 2.7% in the third quarter, HoldingsChannel reports. The firm owned 172,312 shares of the industrial products company’s stock after selling 4,712 shares during the period. CIBC Private Wealth Group LLC’s holdings in IDEX were worth $28,045,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in IDEX by 3.4% during the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after buying an additional 54 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of IDEX by 61.0% during the 3rd quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 75 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of IDEX by 16.6% during the 3rd quarter. Bessemer Group Inc. now owns 577 shares of the industrial products company’s stock worth $94,000 after acquiring an additional 82 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of IDEX by 5.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,864 shares of the industrial products company’s stock valued at $312,000 after acquiring an additional 96 shares during the last quarter. Finally, Equitable Trust Co. increased its holdings in shares of IDEX by 8.1% during the 3rd quarter. Equitable Trust Co. now owns 1,369 shares of the industrial products company’s stock valued at $223,000 after acquiring an additional 102 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on IEX shares. Citigroup boosted their target price on IDEX from $202.00 to $243.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Royal Bank Of Canada increased their price target on IDEX from $211.00 to $244.00 and gave the company an “outperform” rating in a 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 report on Friday, February 6th. TD Cowen boosted 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. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $230.00 price objective on shares of IDEX in a report on Thursday, February 5th. Six investment 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, IDEX presently has a consensus rating of “Moderate Buy” and an average price target of $228.22.

IDEX Trading Down 1.5%

IDEX stock opened at $187.29 on Friday. IDEX Corporation has a 52 week low of $153.36 and a 52 week high of $217.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.02 and a current ratio of 2.86. The firm has a market capitalization of $13.92 billion, a PE ratio of 29.22, a PEG ratio of 1.92 and a beta of 0.98. The business’s 50-day simple moving average is $200.64 and its 200-day simple moving average is $180.35.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.06. The firm had revenue of $899.10 million for the quarter, compared to analyst estimates of $882.00 million. IDEX had a return on equity of 15.03% and a net margin of 13.98%.The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $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. Equities research analysts forecast that IDEX Corporation will post 8.26 earnings per share for the current year.

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.