Korea Investment CORP Buys Shares of 33,324 IDEX Corporation $IEX

Key Points

• Korea Investment CORP initiated a position in IDEX Corporation by purchasing 33,324 shares valued at approximately $7.56 million. Institutional investors and hedge funds collectively own 97.96% of IDEX’s outstanding stock.
• IDEX exceeded quarterly expectations, reporting adjusted EPS of $2.32 versus the $2.11 consensus estimate and revenue of $920.6 million, up 6.4% year over year. The company maintained fiscal 2026 EPS guidance of $8.70–$8.85.
• Analyst sentiment remains positive, with eight Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $260.80, compared with the stock’s recent price near $233.51.

Korea Investment CORP purchased a new position in IDEX Corporation (NYSE:IEX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 33,324 shares of the industrial products company's stock, valued at approximately $7,563,000.

Other large investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of IDEX by 4.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 160,520 shares of the industrial products company's stock valued at $28,743,000 after acquiring an additional 6,901 shares during the period. Baader Bank Aktiengesellschaft boosted its stake in IDEX by 27.5% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 27,809 shares of the industrial products company's stock valued at $4,948,000 after purchasing an additional 6,000 shares in the last quarter. RNC Capital Management LLC increased its position in shares of IDEX by 227.3% during the 4th quarter. RNC Capital Management LLC now owns 19,807 shares of the industrial products company's stock valued at $3,524,000 after purchasing an additional 13,755 shares during the period. Jefferies Financial Group Inc. raised its stake in shares of IDEX by 586.2% in the 4th quarter. Jefferies Financial Group Inc. now owns 29,409 shares of the industrial products company's stock worth $5,233,000 after buying an additional 25,123 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of IDEX by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company's stock valued at $360,740,000 after buying an additional 7,844 shares during the period. 97.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of the company's 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 transaction, the chief accounting officer owned 4,327 shares in the company, valued at approximately $1,032,378.93. This represents a 8.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.50% of the company's stock.

IDEX Trading Down 0.4%

IDEX stock opened at $233.51 on Tuesday. IDEX Corporation has a 52 week low of $158.19 and a 52 week high of $243.80. 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 firm has a market capitalization of $17.21 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 2.21 and a beta of 0.98. The company has a 50 day moving average price of $228.11 and a 200 day moving average price of $213.20.

IDEX (NYSE:IEX - Get Free Report) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The company had revenue of $920.60 million for the quarter, compared to the consensus estimate of $905.38 million. During the same period in the previous year, the business earned $2.07 EPS. The company's 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. Research analysts forecast that IDEX Corporation will post 8.82 EPS for the current year.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were issued 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 currently 42.01%.

Analyst Ratings Changes

A number of research firms recently issued reports on IEX. Weiss Ratings raised IDEX from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. Seaport Research Partners reissued a "buy" rating and issued a $250.00 price target on shares of IDEX in a report on Tuesday, May 5th. Royal Bank Of Canada raised their price objective on shares of IDEX from $261.00 to $280.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. TD Cowen lifted their price objective on shares of IDEX from $260.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Finally, DA Davidson boosted their target price on shares of IDEX from $230.00 to $240.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, IDEX presently has a consensus rating of "Moderate Buy" and a consensus target price of $260.80.

About IDEX

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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