Rep. Jefferson Shreve Sells Off Shares of IDEX Co. (NYSE:IEX)

Representative Jefferson Shreve (R-Indiana) recently sold shares of IDEX Co. (NYSE:IEX). In a filing disclosed on March 09th, the Representative disclosed that they had sold between $15,001 and $50,000 in IDEX stock on February 24th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of RTX (NYSE:RTX) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Royal Gold (NASDAQ:RGLD) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of QUALCOMM (NASDAQ:QCOM) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Pfizer (NYSE:PFE) on 2/24/2025.
• Sold $15,001 – $50,000 in shares of Norfolk Southern (NYSE:NSC) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of CoStar Group (NASDAQ:CSGP) on 2/24/2025.
• Purchased $50,001 – $100,000 in shares of AbbVie (NYSE:ABBV) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of The Cigna Group (NYSE:CI) on 2/24/2025.
• Purchased $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 2/24/2025.

IDEX Price Performance

Shares of NYSE IEX traded down $2.50 during midday trading on Tuesday, hitting $183.73. 247,326 shares of the company’s stock were exchanged, compared to its average volume of 552,220. IDEX Co. has a 12-month low of $181.09 and a 12-month high of $246.36. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. The company has a market cap of $13.92 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 1.98 and a beta of 0.99. The business’s fifty day moving average price is $204.73 and its two-hundred day moving average price is $211.26.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%. As a group, research analysts forecast that IDEX Co. will post 8.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Stifel Nicolaus upped their price target on shares of IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada decreased their price objective on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a research report on Thursday, February 6th. Citigroup cut their price objective on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, DA Davidson decreased their target price on IDEX from $225.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $241.71.

Hedge Funds Weigh In On IDEX

A number of institutional investors have recently added to or reduced their stakes in IEX. Siemens Fonds Invest GmbH increased its stake in shares of IDEX by 275.5% in the 4th quarter. Siemens Fonds Invest GmbH now owns 4,243 shares of the industrial products company’s stock worth $888,000 after acquiring an additional 3,113 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of IDEX in the 4th quarter worth about $23,198,000. Mackenzie Financial Corp boosted its stake in IDEX by 10.7% in the 4th quarter. Mackenzie Financial Corp now owns 6,976 shares of the industrial products company’s stock worth $1,460,000 after purchasing an additional 677 shares in the last quarter. Forum Financial Management LP purchased a new stake in IDEX during the 4th quarter valued at about $269,000. Finally, Orion Capital Management LLC bought a new stake in IDEX during the 4th quarter valued at about $86,000. Institutional investors own 97.96% of the company’s stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

IDEX Company Profile

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.