California State Teachers Retirement System Reduces Holdings in IDEX Corporation $IEX

California State Teachers Retirement System lowered its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 21.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,562 shares of the industrial products company's stock after selling 27,728 shares during the period. California State Teachers Retirement System owned about 0.14% of IDEX worth $23,276,446 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of IDEX by 4.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company's stock worth $274,000 after acquiring an additional 56 shares in the last quarter. Evolve Private Wealth LLC raised its holdings in IDEX by 2.8% in the first quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company's stock worth $403,000 after buying an additional 58 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of IDEX by 2.6% during the 1st quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company's stock worth $463,000 after acquiring an additional 62 shares in the last quarter. Everhart Financial Group Inc. boosted its stake in IDEX by 6.3% in the second quarter. Everhart Financial Group Inc. now owns 1,249 shares of the industrial products company's stock valued at $283,000 after acquiring an additional 74 shares in the last quarter. Finally, SJS Investment Consulting Inc. raised its position in shares of IDEX by 104.1% during the 1st 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 during the last quarter. 97.96% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Lisa Anderson sold 385 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 4,327 shares of the company's stock, valued at $1,032,378.93. This represents a 8.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

IEX has been the subject of several recent research reports. Royal Bank Of Canada raised their target price on shares of IDEX from $261.00 to $280.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. DA Davidson raised their target price on shares of IDEX from $230.00 to $240.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Argus lifted their target price on IDEX from $250.00 to $260.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Oppenheimer boosted their price objective on IDEX from $265.00 to $270.00 and gave the company an "outperform" rating in a research note on Wednesday, September 9th. Finally, Vertical Research began coverage on IDEX in a research report on Tuesday, September 8th. They set a "buy" rating and a $250.00 price objective for the company. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, IDEX currently has a consensus rating of "Moderate Buy" and an average price target of $260.27.

IDEX Price Performance

NYSE:IEX traded up $1.46 during trading hours on Tuesday, reaching $223.60. 231,085 shares of the company were exchanged, compared to its average volume of 737,388. The stock's 50-day moving average is $228.53 and its 200-day moving average is $214.94. IDEX Corporation has a twelve month low of $158.19 and a twelve month high of $243.80. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. The firm has a market cap of $16.48 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 2.54 and a beta of 0.98.

IDEX (NYSE:IEX - Get Free Report) last released its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.11 by $0.21. The company had revenue of $920.60 million during the quarter, compared to the consensus estimate of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.IDEX's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $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. On average, sell-side analysts anticipate that IDEX Corporation will post 8.83 earnings per share for the current fiscal year.

IDEX Dividend Announcement

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

IDEX 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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