North Dakota State Investment Board Invests $463,000 in IDEX Corporation $IEX

North Dakota State Investment Board acquired a new position in shares of IDEX Corporation (NYSE:IEX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,601 shares of the industrial products company’s stock, valued at approximately $463,000.

Several other institutional investors also recently modified their holdings of the company. Empowered Funds LLC increased its stake in shares of IDEX by 3.4% during the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 54 shares during the last quarter. Cromwell Holdings LLC increased its stake in shares of IDEX by 41.1% during the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 58 shares during the last quarter. UMB Bank n.a. increased its stake in shares of IDEX by 61.0% during the 3rd quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 75 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of IDEX by 16.6% during the 3rd quarter. Bessemer Group Inc. now owns 577 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 82 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC increased its stake in shares of IDEX by 1.9% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 4,661 shares of the industrial products company’s stock worth $829,000 after purchasing an additional 85 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX News Summary

Here are the key news stories impacting IDEX this week:

• Positive Sentiment: Zacks Research lifted IDEX’s FY2026 EPS estimate to $8.46 from $8.20, slightly above the broader consensus, suggesting near-term earnings may hold up better than expected.
• Positive Sentiment: Analysts also raised FY2027 EPS to $9.15 from $8.98 and FY2028 EPS to $10.18 from $10.00, pointing to stronger longer-term profit growth for IDEX Corporation (NYSE: IEX).
• Positive Sentiment: Quarterly estimates were increased for 2026 and 2027, including Q2 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, and Q4 2027, which may help sentiment around the stock’s earnings trajectory.
• Neutral Sentiment: One recent article asked whether IDEX remains attractive after recent gains and mixed valuation signals, indicating investors may still be weighing the stock’s premium valuation against its earnings momentum. Is IDEX (IEX) Still Attractive After Recent Gains And Mixed Valuation Signals

Insider Buying and Selling

In related news, CEO Eric D. Ashleman sold 15,385 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $215.22, for a total value of $3,311,159.70. Following the transaction, the chief executive officer owned 66,658 shares in the company, valued at approximately $14,346,134.76. This represents a 18.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on IEX. TD Cowen boosted their price objective on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Robert W. Baird set a $257.00 price objective on shares of IDEX in a research note on Thursday, April 30th. DA Davidson boosted their price objective on shares of IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Oppenheimer restated an “outperform” rating and set a $242.00 price objective on shares of IDEX in a research note on Thursday, April 30th. Finally, BMO Capital Markets started coverage on shares of IDEX in a research note on Friday, March 27th. They issued a “market perform” rating and a $214.00 price target on the stock. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $240.22.

IDEX Stock Up 1.6%

Shares of IEX opened at $208.99 on Friday. IDEX Corporation has a 52 week low of $157.25 and a 52 week high of $223.85. The firm has a market cap of $15.47 billion, a P/E ratio of 30.92, a price-to-earnings-growth ratio of 2.02 and a beta of 1.02. The firm’s 50-day simple moving average is $200.90 and its 200 day simple moving average is $192.23. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.22. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The business had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. During the same quarter in the prior year, the business earned $1.75 EPS. IDEX’s quarterly revenue was up 8.9% on a year-over-year basis. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. On average, analysts forecast that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be paid a $0.73 dividend. This is an increase from IDEX’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. IDEX’s dividend payout ratio (DPR) is currently 42.01%.

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.