Prudential PLC Lowers Stake in IDEX Corporation $IEX

Prudential PLC lowered its stake in shares of IDEX Corporation (NYSE:IEX) by 6.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 39,102 shares of the industrial products company’s stock after selling 2,899 shares during the period. Prudential PLC’s holdings in IDEX were worth $6,958,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GoalVest Advisory LLC purchased a new stake in shares of IDEX during the 4th quarter valued at $26,000. Laurel Wealth Advisors LLC purchased a new stake in shares of IDEX during the 4th quarter valued at $27,000. UMB Bank n.a. raised its position 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 valued at $32,000 after buying an additional 75 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of IDEX during the 2nd quarter valued at $35,000. Finally, Cromwell Holdings LLC raised its position 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 valued at $35,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Insiders Place Their Bets

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at $14,346,134.76. The trade was a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of IDEX in a research report on Friday, March 27th. They set a “market perform” rating and a $214.00 price objective on the stock. Stifel Nicolaus set a $250.00 price objective on shares of IDEX in a research report on Thursday, April 30th. Royal Bank Of Canada raised their price objective on shares of IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Oppenheimer restated an “outperform” rating and set a $250.00 price objective (up from $242.00) on shares of IDEX in a research report on Tuesday. Finally, Robert W. Baird set a $257.00 price objective on shares of IDEX in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, IDEX presently has an average rating of “Moderate Buy” and an average price target of $241.11.

IDEX Stock Performance

IDEX stock opened at $215.48 on Friday. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $15.95 billion, a PE ratio of 31.88, a P/E/G ratio of 2.11 and a beta of 1.00. The firm has a fifty day simple moving average of $205.49 and a two-hundred day simple moving average of $195.32. IDEX Corporation has a twelve month low of $157.25 and a twelve month high of $223.85.

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

IDEX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a $0.73 dividend. This is a boost from IDEX’s previous quarterly dividend of $0.71. This represents a $2.92 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 22nd. IDEX’s payout ratio is presently 43.20%.

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.