Robeco Institutional Asset Management B.V. Acquires 203,473 Shares of IDEX Corporation $IEX

Key Points

• Robeco Institutional Asset Management increased its IDEX stake by 345.2% in the third quarter, adding 203,473 shares to own 262,412 shares valued at approximately $59.8 million.
• Analysts maintain a positive outlook, with nine Buy ratings and three Holds, resulting in a “Moderate Buy” consensus and an average price target of $261.09.
• IDEX exceeded quarterly earnings and revenue expectations, reporting $2.32 in EPS and $920.6 million in revenue; it also paid a quarterly dividend of $0.73, equivalent to a 1.3% annualized yield.

Robeco Institutional Asset Management B.V. boosted its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 345.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 262,412 shares of the industrial products company's stock after buying an additional 203,473 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.36% of IDEX worth $59,825,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. USA Financial Formulas bought a new stake in shares of IDEX during the 3rd quarter valued at $477,000. V Square Quantitative Management LLC lifted its holdings in IDEX by 8.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,319 shares of the industrial products company's stock worth $757,000 after purchasing an additional 265 shares in the last quarter. Krilogy Financial LLC bought a new position in IDEX in the 3rd quarter worth about $351,000. Contravisory Investment Management Inc. boosted its stake in IDEX by 5.3% in the 3rd quarter. Contravisory Investment Management Inc. now owns 5,467 shares of the industrial products company's stock worth $1,246,000 after purchasing an additional 273 shares during the period. Finally, Fragasso Financial Advisors Inc bought a new position in IDEX in the 3rd quarter worth about $264,000. Institutional investors own 97.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus set a $267.00 price target on IDEX in a research report on Monday. Vertical Research initiated coverage on shares of IDEX in a research report on Tuesday, September 8th. They issued a "buy" rating and a $250.00 price objective for the company. KeyCorp raised shares of IDEX to a "hold" rating in a research note on Monday, October 12th. Weiss Ratings raised shares of IDEX from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 30th. Finally, Argus upped their target price on shares of IDEX from $250.00 to $260.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, IDEX currently has an average rating of "Moderate Buy" and an average target price of $261.09.

IDEX Stock Performance

IDEX stock opened at $226.76 on Friday. The firm's fifty day moving average price is $230.12 and its 200-day moving average price is $222.02. 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 stock has a market cap of $16.72 billion, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 2.67 and a beta of 0.97. IDEX Corporation has a fifty-two week low of $160.60 and a fifty-two week high of $243.80.

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, topping the consensus estimate of $2.11 by $0.21. The company had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business 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, equities research analysts expect that IDEX Corporation will post 8.83 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, October 2nd. IDEX's dividend payout ratio is presently 42.01%.

Insider Activity

In other news, CAO Lisa Anderson sold 385 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total transaction 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. This represents a 8.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company's stock.

About IDEX

IDEX Corporation is an industrial manufacturing company headquartered in Lake Forest, Illinois. The company designs and produces engineered products and technologies used to move, control, measure and apply fluids, as well as equipment used in fire and safety applications.

IDEX operates through businesses serving fluid and metering technologies, health and science technologies, and fire and safety markets. Its products include pumps, valves, flow meters, compressors, dispensing equipment, precision fluidics components and systems, fire pumps, rescue tools and other specialized equipment.

The company serves a broad range of industries, including healthcare, life sciences, water and wastewater, chemical processing, energy, food and beverage, agriculture, industrial manufacturing and municipal fire protection.

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