California State Teachers Retirement System Acquires 23,146,156 Shares of IDEX Corporation $IEX

Key Points

• California State Teachers Retirement System increased its IDEX stake by 17,765.1% to 23.28 million shares, representing approximately 31.57% of the company and a value of $5.28 billion. Institutional investors and hedge funds collectively own 97.96% of IDEX.
• IDEX reported quarterly EPS of $2.32, exceeding estimates of $2.11, while revenue rose 6.4% year over year to $920.6 million. The company reaffirmed fiscal 2026 EPS guidance of $8.70–$8.85.
• Analysts maintain a favorable outlook, with nine Buy ratings and two Holds and a consensus price target of $260.27 versus the stock’s $225.26 opening price. IDEX also pays a quarterly dividend of $0.73, equating to a 1.3% annual yield.

California State Teachers Retirement System increased its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 17,765.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,276,446 shares of the industrial products company's stock after purchasing an additional 23,146,156 shares during the quarter. California State Teachers Retirement System owned approximately 31.57% of IDEX worth $5,282,589,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. acquired a new position in IDEX during the 2nd quarter worth about $1,301,393,000. Primecap Management Co. CA acquired a new stake in shares of IDEX in the second quarter valued at about $748,951,000. Dodge & Cox increased its stake in shares of IDEX by 266.7% in the fourth quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company's stock valued at $224,658,000 after buying an additional 918,208 shares during the period. Norges Bank bought a new position in shares of IDEX during the fourth quarter worth about $162,788,000. Finally, Millennium Management LLC raised its position in shares of IDEX by 293.6% during the fourth quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company's stock worth $189,286,000 after acquiring an additional 793,530 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Trading Down 0.2%

NYSE IEX opened at $225.26 on Thursday. IDEX Corporation has a one year low of $158.19 and a one year high of $243.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. The business has a 50 day simple moving average of $228.64 and a 200 day simple moving average of $214.62. The stock has a market capitalization of $16.61 billion, a P/E ratio of 32.41, a P/E/G ratio of 2.57 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 analysts' consensus estimates of $2.11 by $0.21. The firm had revenue of $920.60 million for the quarter, compared to analysts' expectations of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.07 EPS. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Research analysts expect that IDEX Corporation will post 8.78 earnings per share for the current year.

IDEX Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently commented on IEX shares. Oppenheimer upped their target price on IDEX from $265.00 to $270.00 and gave the company an "outperform" rating in a report on Wednesday. Vertical Research began coverage on shares of IDEX in a report on Tuesday. They set a "buy" rating and a $250.00 price target for the company. Weiss Ratings upgraded shares of IDEX from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Royal Bank Of Canada upped their price objective on shares of IDEX from $261.00 to $280.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Finally, Citigroup increased their price objective on shares of IDEX from $252.00 to $269.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. 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, IDEX presently has an average rating of "Moderate Buy" and a consensus price target of $260.27.

Insider Buying and Selling

In other IDEX news, CAO Lisa Anderson sold 385 shares of IDEX 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 completion of the sale, the chief accounting officer directly owned 4,327 shares of the company's stock, valued at approximately $1,032,378.93. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

About IDEX

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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