38,498 Shares in IDEX Corporation $IEX Bought by Nykredit A S

Key Points

• Nykredit A/S acquired 38,498 shares of IDEX Corporation in the second quarter, valued at approximately $8.7 million. Institutional investors collectively own 97.96% of IDEX.
• Analysts remain broadly positive, with eight Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $260.80.
• IDEX exceeded quarterly earnings expectations, reporting $2.32 in EPS on $920.6 million in revenue, while revenue increased 6.4% year over year. The company also maintains a quarterly dividend of $0.73 per share, yielding about 1.3%.

Nykredit A S bought a new stake in IDEX Corporation (NYSE:IEX - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 38,498 shares of the industrial products company's stock, valued at approximately $8,737,000. Nykredit A S owned about 0.05% of IDEX at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of IEX. Proficio Capital Partners LLC acquired a new position in IDEX during the 2nd quarter worth $281,000. Benjamin Edwards Inc. acquired a new stake in shares of IDEX in the second quarter valued at about $321,000. Alyeska Investment Group L.P. increased its stake in shares of IDEX by 101.4% in the second quarter. Alyeska Investment Group L.P. now owns 1,042,703 shares of the industrial products company's stock worth $236,641,000 after purchasing an additional 525,048 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of IDEX by 6.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 767,472 shares of the industrial products company's stock worth $174,178,000 after purchasing an additional 43,883 shares during the last quarter. Finally, New Mexico Educational Retirement Board lifted its position in shares of IDEX by 5.7% during the 2nd quarter. New Mexico Educational Retirement Board now owns 3,700 shares of the industrial products company's stock worth $840,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 97.96% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on IEX shares. Oppenheimer reaffirmed an "outperform" rating and issued a $265.00 price target on shares of IDEX in a research report on Thursday, July 30th. Weiss Ratings raised IDEX from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Mizuho raised shares of IDEX from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $210.00 to $280.00 in a research report on Tuesday, August 11th. Argus upped their target price on shares of IDEX from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada increased their price target on shares of IDEX from $261.00 to $280.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, IDEX has an average rating of "Moderate Buy" and a consensus price target of $260.80.

IDEX Price Performance

NYSE:IEX opened at $223.71 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05. The company has a 50-day moving average of $228.71 and a 200-day moving average of $214.25. IDEX Corporation has a 52 week low of $158.19 and a 52 week high of $243.80. The company has a market capitalization of $16.49 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 2.54 and a beta of 0.98.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.21. The firm had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The company's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.07 earnings per share. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. As a group, equities research analysts anticipate that IDEX Corporation will post 8.82 earnings per share for the current fiscal year.

IDEX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, July 6th. IDEX's dividend payout ratio (DPR) is 42.01%.

Insider Buying and Selling

In other news, CAO Lisa Anderson sold 385 shares of the business's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total value of $91,857.15. Following the sale, the chief accounting officer owned 4,327 shares in the company, valued at approximately $1,032,378.93. The trade was a 8.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.50% of the stock is currently owned by corporate insiders.

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.

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