22,923 Shares in IDEX Corporation $IEX Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in IDEX Corporation (NYSE:IEX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,923 shares of the industrial products company’s stock, valued at approximately $5,202,000.

Other hedge funds have also recently bought and sold shares of the company. Optiver Holding B.V. bought a new position in shares of IDEX during the first quarter valued at $27,000. Quantbot Technologies LP bought a new stake in shares of IDEX in the 2nd quarter worth about $33,000. SJS Investment Consulting Inc. increased its position in shares of IDEX by 104.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 76 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of IDEX during the 2nd quarter worth about $35,000. Finally, Root Financial Partners LLC lifted its holdings in IDEX by 57.6% during the 1st quarter. Root Financial Partners LLC now owns 208 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 76 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Lisa M. Anderson sold 385 shares of the firm’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 owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. This trade represents a 8.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IEX. Oppenheimer restated an “outperform” rating and issued a $265.00 price target on shares of IDEX in a research report on Thursday, July 30th. Stifel Nicolaus increased their target price on IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Mizuho upgraded IDEX from a “neutral” rating to an “outperform” rating and raised their target price for the company from $210.00 to $280.00 in a research note on Tuesday, August 11th. Royal Bank Of Canada lifted their price target on IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.80.

IDEX Stock Up 0.9%

NYSE IEX opened at $224.80 on Thursday. The stock has a market capitalization of $16.57 billion, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 2.53 and a beta of 0.98. 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 stock has a fifty day moving average of $228.87 and a 200-day moving average of $214.10.

IDEX (NYSE:IEX) last issued its quarterly 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. The business had revenue of $920.60 million for 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%.The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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 forecast that IDEX Corporation will post 8.82 EPS for the current year.

IDEX Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Monday, July 6th. 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%.

IDEX Company 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.