Nykredit A S Purchases New Shares in IDEX Corporation $IEX

Key Points

• Nykredit A/S acquired 35,552 IDEX shares worth approximately $8.1 million in the second quarter, while institutional investors collectively own 97.96% of the company.
• IDEX reported quarterly EPS of $2.32, exceeding estimates by $0.21, as revenue rose 6.4% year over year to $920.6 million. The company maintained fiscal 2026 EPS guidance of $8.70–$8.85.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $260.27; IDEX also declared a quarterly dividend of $0.73 per share, yielding about 1.3% annually.

Nykredit A S acquired a new position in IDEX Corporation (NYSE:IEX - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 35,552 shares of the industrial products company's stock, valued at approximately $8,069,000.

Several other hedge funds have also recently modified their holdings of IEX. EverSource Wealth Advisors LLC boosted its position in IDEX by 4.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company's stock worth $274,000 after purchasing an additional 56 shares during the period. Evolve Private Wealth LLC raised its position in shares of 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 period. Sanctuary Advisors LLC raised its position in shares of IDEX by 2.6% in the first quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company's stock valued at $463,000 after purchasing an additional 62 shares during the period. Parkside Financial Bank & Trust boosted its holdings in IDEX by 39.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 227 shares of the industrial products company's stock worth $52,000 after buying an additional 64 shares during the period. Finally, Everhart Financial Group Inc. boosted its holdings in IDEX by 6.3% in the 2nd quarter. Everhart Financial Group Inc. now owns 1,249 shares of the industrial products company's stock worth $283,000 after buying an additional 74 shares during the period. Institutional investors own 97.96% of the company's stock.

Insider Activity

In other IDEX news, CAO Lisa Anderson sold 385 shares of the company'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 sale, the chief accounting officer directly owned 4,327 shares in the company, valued at $1,032,378.93. This represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.50% of the stock is owned by company insiders.

IDEX Stock Performance

Shares of IDEX stock opened at $222.56 on Tuesday. IDEX Corporation has a 1 year low of $158.19 and a 1 year high of $243.80. The firm's 50-day moving average is $228.73 and its 200 day moving average is $215.42. The stock has a market cap of $16.41 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.53 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The firm had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. During the same period in the previous year, the business posted $2.07 earnings per share. The business's revenue for the quarter 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. Sell-side analysts anticipate that IDEX Corporation will post 8.83 EPS for the current fiscal year.

IDEX Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently issued reports on IEX shares. Vertical Research initiated coverage on IDEX in a research note on Tuesday, September 8th. They set a "buy" rating and a $250.00 price objective on the stock. Mizuho upgraded IDEX from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $210.00 to $280.00 in a research note on Tuesday, August 11th. Argus lifted their target price on IDEX from $250.00 to $260.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Weiss Ratings upgraded IDEX from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Finally, Oppenheimer increased their price target on shares of IDEX from $265.00 to $270.00 and gave the stock an "outperform" rating in a report on Wednesday, September 9th. Nine 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.com, IDEX currently has an average rating of "Moderate Buy" and a consensus price target of $260.27.

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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