IDEX Corporation (IEX) has been seeing recent changes in its ownership.
Pinebridge Investments L.P., Tower Research Capital LLC TRC, and
NEOS Investment Management LLC have all increased their stake in the company, while
Schroder Investment Management Group and
Wells Fargo & Company MN have reduced theirs. Regardless of strong financial position and high return on capital, the company's stock has been consistently underperforming against competitors. However, IDEX Corp's Q1 2024 and Q4 2023 Earnings Call Transcripts indicate steady performance and outlook, despite
sales dip amidst market challenges. Strategic investors continue to back IDEX with
Bank of Nova Scotia and
California State Teachers Retirement System both, indicating increased confidence in its future. There have also been less enthusiastic movements such as those by
KBC Group NV and
CIBC Asset Management Inc which lowered their stock position. IDEX's Q3 2023 earnings beat expectations while proposing a bullish outlook in their
adjusted EPS beats and
full-year guidance which suggests robust performance.
Idex Corporation IEX News Analytics from Thu, 27 Jul 2023 07:00:00 GMT to Sun, 09 Jun 2024 16:34:48 GMT -
Rating -2
- Innovation 7
- Information 8
- Rumor -6
