Andra AP fonden Invests $7.19 Million in IDEX Corporation $IEX

Andra AP fonden bought a new stake in shares of IDEX Corporation (NYSE:IEX - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 31,700 shares of the industrial products company's stock, valued at approximately $7,194,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Optiver Holding B.V. acquired a new position in IDEX in the first quarter worth $27,000. SJS Investment Consulting Inc. boosted its position in shares of IDEX by 104.1% during the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company's stock worth $28,000 after purchasing an additional 76 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of IDEX in the 2nd quarter valued at $33,000. Root Financial Partners LLC increased its position in shares of IDEX by 57.6% in the 1st quarter. Root Financial Partners LLC now owns 208 shares of the industrial products company's stock valued at $39,000 after buying an additional 76 shares in the last quarter. Finally, Clearstead Advisors LLC raised its stake in IDEX by 140.5% during the 4th quarter. Clearstead Advisors LLC now owns 267 shares of the industrial products company's stock worth $48,000 after buying an additional 156 shares during the period. Institutional investors own 97.96% of the company's stock.

IDEX Stock Performance

Shares of NYSE IEX opened at $229.71 on Thursday. 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 stock has a 50 day moving average price of $228.91 and a 200 day moving average price of $215.72. The stock has a market capitalization of $16.93 billion, a PE ratio of 33.05, a price-to-earnings-growth ratio of 2.56 and a beta of 0.98. IDEX Corporation has a 52 week low of $158.19 and a 52 week high of $243.80.

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 for the quarter, topping the consensus estimate of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The firm had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. During the same quarter in the previous year, the firm earned $2.07 EPS. The business's quarterly revenue was up 6.4% on a year-over-year basis. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Analysts predict that IDEX Corporation will post 8.83 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, October 2nd. IDEX's dividend payout ratio (DPR) is 42.01%.

Analysts Set New Price Targets

Several research analysts have weighed in on IEX shares. Royal Bank Of Canada lifted their target price on IDEX from $261.00 to $280.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. TD Cowen raised their price target on IDEX from $260.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Mizuho upgraded IDEX from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $210.00 to $280.00 in a report on Tuesday, August 11th. Citigroup boosted their price objective on IDEX from $252.00 to $269.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Finally, Vertical Research assumed coverage on IDEX in a research note on Tuesday, September 8th. They set a "buy" rating and a $250.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $260.27.

Insider Buying and Selling at IDEX

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

IDEX Company Profile

IDEX Corporation NYSE: IEX is an industrial technology company that designs, manufactures and markets engineered products and systems used in a range of specialized applications. Its portfolio includes pumps, valves, flow meters, compressors, dispensing equipment and other fluid-handling technologies that help customers move, measure and control liquids and gases.

The company operates through businesses focused on Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety/Diversified Products.

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