UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in IDEX Corporation $IEX

Key Points

• UBS Asset Management increased its IDEX stake by 6.1% in the second quarter to 767,472 shares valued at approximately $174.2 million. Institutional investors collectively own 97.96% of IDEX.
• IDEX exceeded quarterly expectations, reporting $2.32 in EPS and $920.6 million in revenue, while revenue grew 6.4% year over year. The company reaffirmed fiscal 2026 EPS guidance of $8.70–$8.85.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $260.80 versus the stock’s reported $222.59 price. IDEX also pays a quarterly dividend of $0.73 per share, yielding about 1.3%.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of IDEX Corporation (NYSE:IEX - Free Report) by 6.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 767,472 shares of the industrial products company's stock after purchasing an additional 43,883 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.04% of IDEX worth $174,178,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of IDEX in the second quarter worth about $1,301,393,000. Primecap Management Co. CA purchased a new position in IDEX during the 2nd quarter valued at approximately $748,951,000. Dodge & Cox increased its stake in IDEX by 266.7% in the 4th quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company's stock worth $224,658,000 after acquiring an additional 918,208 shares during the last quarter. Norges Bank bought a new stake in IDEX in the 4th quarter worth approximately $162,788,000. Finally, Millennium Management LLC raised its holdings in shares of IDEX by 293.6% during the 4th quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company's stock worth $189,286,000 after acquiring an additional 793,530 shares in the last quarter. 97.96% of the stock is owned by institutional investors.

IDEX Trading Down 2.6%

IEX opened at $222.59 on Wednesday. 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's 50 day moving average price is $228.82 and its 200-day moving average price is $213.96. IDEX Corporation has a one year low of $158.19 and a one year high of $243.80. The stock has a market cap of $16.41 billion, a price-to-earnings ratio of 32.03, a P/E/G ratio of 2.16 and a beta of 0.98.

IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.11 by $0.21. The firm had revenue of $920.60 million during the quarter, compared to analyst estimates 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 period last year, the company earned $2.07 EPS. 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 analysts forecast that IDEX Corporation will post 8.82 EPS for the current year.

IDEX Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IEX. Oppenheimer reissued an "outperform" rating and issued a $265.00 target price on shares of IDEX in a report on Thursday, July 30th. Citigroup upped their price target on shares of IDEX from $252.00 to $269.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Royal Bank Of Canada lifted their price objective on shares of IDEX from $261.00 to $280.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. 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. Finally, Seaport Research Partners restated a "buy" rating and set a $250.00 target price on shares of IDEX in a research report on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $260.80.

Insider Activity at IDEX

In other news, CAO Lisa M. Anderson sold 385 shares of the company's stock in a transaction dated 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. This represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company's stock.

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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