Canada Pension Plan Investment Board Makes New Investment in IDEX Corporation $IEX

Key Points

• Canada Pension Plan Investment Board acquired 16,700 shares of IDEX, valued at approximately $3.79 million. Institutional investors collectively own 97.96% of the company.
• IDEX reported quarterly earnings of $2.32 per share, exceeding estimates of $2.11, while revenue rose 6.4% year over year to $920.6 million. The company guided for fiscal 2026 EPS of $8.70–$8.85.
• Analysts maintain a generally positive view, with eight Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $260.80, compared with a share price of $230.44.

Canada Pension Plan Investment Board acquired a new position in shares of IDEX Corporation (NYSE:IEX - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,700 shares of the industrial products company's stock, valued at approximately $3,790,000.

A number of other hedge funds have also made changes to their positions in IEX. Empowered Funds LLC lifted its stake in IDEX by 3.4% during the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company's stock worth $298,000 after purchasing an additional 54 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in IDEX by 4.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company's stock valued at $274,000 after purchasing an additional 56 shares during the last quarter. Evolve Private Wealth LLC increased its stake 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 valued at $403,000 after purchasing an additional 58 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in IDEX by 2.6% during the first quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company's stock worth $463,000 after purchasing an additional 62 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in IDEX by 2.8% during the fourth quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company's stock worth $458,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

Wall Street Analyst Weigh In

IEX has been the subject of several research analyst reports. DA Davidson upped their target price on shares of IDEX from $230.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Oppenheimer reiterated an "outperform" rating and set a $265.00 price target on shares of IDEX in a research note on Thursday, July 30th. Weiss Ratings raised 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, TD Cowen raised their price objective on IDEX from $260.00 to $275.00 and gave the stock a "buy" 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $260.80.

Insider Transactions at IDEX

In other IDEX news, CAO Lisa M. 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 transaction, the chief accounting officer directly owned 4,327 shares in the company, 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 can be accessed through this hyperlink. Insiders own 0.50% of the company's stock.

IDEX Price Performance

Shares of NYSE IEX opened at $230.44 on Monday. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. IDEX Corporation has a twelve month low of $158.19 and a twelve month high of $243.80. The stock has a 50 day moving average of $228.73 and a two-hundred day moving average of $213.77. The stock has a market cap of $16.99 billion, a P/E ratio of 33.16, a P/E/G ratio of 2.17 and a beta of 0.98.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.21. The business 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%.The company's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior 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, research analysts forecast that IDEX Corporation will post 8.82 earnings per share for the current year.

IDEX Announces Dividend

The firm also recently disclosed 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. This represents a $2.92 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, July 6th. IDEX's dividend payout ratio (DPR) is presently 42.01%.

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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