In its most recent Form 13F filing with the Securities and Exchange Commission, Machina Capital S.A.S. reduced its position in IDEX Corporation by 47.2% during the third quarter, selling 6,176 shares. After the transaction, Machina Capital held 6,895 shares, representing a stake valued at approximately $1.12 million. This shift marks a significant reallocation of capital for the firm and trims its exposure to IEX’s industrial products portfolio.

Several other hedge funds and asset managers adjusted their stakes in IEX over the same period. Empowered Funds LLC modestly increased its holding by 3.4%, adding 54 shares to reach 1,646 shares valued at $298,000. HB Wealth Management initiated a new position worth $206,000, while Mirae Asset Global Investments expanded its stake by 8.9%, purchasing 971 shares to reach 11,901 shares valued at $2.09 million. QRG Capital Management raised its position by 13.6% through an acquisition of 1,380 shares, bringing its total to 11,511 shares valued at $2.02 million. Davenport & Co LLC saw the most aggressive growth, boosting its stake by 58.5% (713 shares) to reach 1,932 shares valued at $339,000. Overall, institutional and hedge fund ownership of IEX stands at 97.96%.

Wall Street sentiment on IEX remains positive, with five analyst firms assigning Buy or Outperform ratings and two maintaining Hold recommendations. Stifel Nicolaus recently increased its price target from $200 to $220 and reiterated a Buy rating, while Citigroup raised its target to $202 with a Buy call. Royal Bank of Canada and TD Cowen both reaffirmed Outperform and Buy ratings respectively, with targets of $211 and undisclosed figures, and Weiss Ratings upheld a Hold (C–) stance. According to MarketBeat.com data, the consensus is a Moderate Buy with an average price target of $203.29, suggesting analysts anticipate further upside based on IEX’s recent performance metrics and guidance.