Zurcher Kantonalbank Zurich Cantonalbank Cuts Holdings in IDEX Corporation $IEX

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in IDEX Corporation (NYSE:IEX) by 24.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 113,410 shares of the industrial products company’s stock after selling 36,432 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in IDEX were worth $20,180,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IEX. GoalVest Advisory LLC purchased a new position in IDEX in the fourth quarter valued at $26,000. UMB Bank n.a. increased its holdings in 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 buying an additional 75 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in IDEX in the second quarter valued at $35,000. Cromwell Holdings LLC increased its holdings in IDEX by 41.1% in the fourth quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock valued at $35,000 after buying an additional 58 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in IDEX in the second quarter valued at $39,000. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Performance

IEX opened at $203.76 on Thursday. The firm has a market capitalization of $15.15 billion, a PE ratio of 31.79, a PEG ratio of 2.07 and a beta of 0.99. IDEX Corporation has a twelve month low of $157.25 and a twelve month high of $217.15. The firm’s 50-day moving average price is $198.84 and its 200 day moving average price is $186.05. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.45.

IDEX (NYSE:IEX) last posted 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. The firm had revenue of $899.10 million for the quarter, compared to analyst estimates of $882.00 million. IDEX had a net margin of 13.98% and a return on equity of 15.03%. IDEX’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business 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. As a group, sell-side analysts expect that IDEX Corporation will post 8.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Robert W. Baird set a $247.00 price objective on shares of IDEX in a report on Thursday, February 5th. Stifel Nicolaus cut their target price on shares of IDEX from $244.00 to $241.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings reissued a “hold (c)” rating on shares of IDEX in a research note on Monday. DA Davidson boosted their target price on shares of IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Finally, Oppenheimer reissued an “outperform” rating and set a $230.00 target price on shares of IDEX in a research note on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, IDEX presently has an average rating of “Moderate Buy” and an average target price of $228.90.

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.