California State Teachers Retirement System Sells 2,301 Shares of IDEX Corporation $IEX

California State Teachers Retirement System trimmed its holdings in IDEX Corporation (NYSE:IEX) by 1.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 130,290 shares of the industrial products company’s stock after selling 2,301 shares during the quarter. California State Teachers Retirement System’s holdings in IDEX were worth $24,696,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in IEX. Deprince Race & Zollo Inc. boosted its position in IDEX by 4.3% during the fourth quarter. Deprince Race & Zollo Inc. now owns 359,152 shares of the industrial products company’s stock valued at $63,908,000 after buying an additional 14,952 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of IDEX by 4.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 160,520 shares of the industrial products company’s stock worth $28,743,000 after buying an additional 6,901 shares during the period. Baader Bank Aktiengesellschaft lifted its stake in shares of IDEX by 27.5% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 27,809 shares of the industrial products company’s stock valued at $4,948,000 after acquiring an additional 6,000 shares during the last quarter. RNC Capital Management LLC lifted its stake in shares of IDEX by 227.3% in 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 acquiring an additional 13,755 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in IDEX by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock valued at $360,740,000 after acquiring an additional 7,844 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Down 1.3%

NYSE IEX opened at $230.70 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.40. The stock has a market capitalization of $17.01 billion, a PE ratio of 33.19, a PEG ratio of 2.18 and a beta of 0.98. IDEX Corporation has a 1 year low of $157.25 and a 1 year high of $243.80. The business’s 50-day moving average is $221.26 and its 200 day moving average is $208.55.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.21. The company had revenue of $920.60 million for the quarter, compared to the consensus estimate of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.IDEX’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Sell-side analysts forecast that IDEX Corporation will post 8.85 earnings per share for the current year.

IDEX Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. IDEX’s payout ratio is 42.01%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IEX. Seaport Research Partners restated a “buy” rating and set a $250.00 price target on shares of IDEX in a research report on Tuesday, May 5th. Royal Bank Of Canada boosted their price objective on IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday. TD Cowen raised their target price on shares of IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings upgraded shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Citigroup lifted their target price on shares of IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research note on Thursday. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $251.44.

Insider Activity at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the completion of the transaction, the chief executive officer owned 66,658 shares in the company, valued at $14,346,134.76. This represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

IDEX 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.