Blueshift Asset Management LLC has significantly escalated its investment in IDEX Corporation, demonstrating a robust institutional confidence in the industrial products company’s financial trajectory.

According to its recent 13F filing with the Securities & Exchange Commission, Blueshift Asset Management increased its holdings by an impressive 117.5% during the first quarter. This substantial acquisition involved purchasing an additional 1,673 shares, bringing their total ownership to 3,097 shares of IDEX stock, valued at $560,000 by the quarter’s end.

Beyond Blueshift’s notable move, a variety of other institutional investors have also recently adjusted their positions in IDEX. Alps Advisors Inc., for instance, subtly increased its stake by 1.0% in the first quarter, now holding 5,990 shares valued at $1,084,000, signifying continued but cautious interest.

Similarly, Wealth Enhancement Advisory Services LLC boosted its position by 1.3% in the fourth quarter, accumulating 4,925 shares worth $1,031,000. Oppenheimer Asset Management Inc. also raised its stake in the first quarter, now owning 8,332 shares valued at $1,508,000, underscoring broad-based institutional engagement.

Further reinforcing this trend, MassMutual Private Wealth & Trust FSB dramatically lifted its holdings by 81.0% during the first quarter, and Laird Norton Wetherby Wealth Management LLC increased its IDEX share holdings by 3.2% in the fourth quarter. These diverse shifts collectively account for 97.96% of the IDEX stock being owned by institutional investors and hedge funds, alongside recent corporate finance activity where a CFO sold 250 shares.

In terms of market performance, IDEX Corporation shares opened at $159.03. The company has navigated a 1-year low of $153.36 and a 1-year high of $238.22, illustrating typical market volatility. Key financial health indicators include a debt-to-equity ratio of 0.46, a quick ratio of 1.99, and a current ratio of 3.05, presenting a picture of sound financial management.

The stock market analysis reveals a fifty-day moving average price of $179.49 and a two-hundred day moving average price of $185.20. With a market capitalization of $11.97 billion, a P/E ratio of 25.69, a PEG ratio of 1.72, and a beta of 1.04, IDEX exhibits characteristics of a stable, growth-oriented industrial firm.

The latest earnings report further solidifies IDEX’s robust performance, with the company posting $2.07 earnings per share for the quarter, surpassing the consensus estimate of $2.00. Revenue reached $865.40 million, also exceeding analyst expectations, and demonstrated a 7.2% year-over-year increase, signaling strong operational results.

Research analysts now project IDEX Corporation to achieve 8.26 EPS for the current fiscal year, reflecting sustained confidence in its profitability and operational efficiency, making its institutional investments a focal point for market observers.