Strs Ohio Boosts Stock Holdings in IDEX Corporation $IEX

Strs Ohio lifted its position in IDEX Corporation (NYSE:IEX) by 254.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,411 shares of the industrial products company’s stock after acquiring an additional 4,604 shares during the quarter. Strs Ohio’s holdings in IDEX were worth $1,141,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in IEX. Nordea Investment Management AB increased its stake in IDEX by 193.6% in the 3rd quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock valued at $382,049,000 after buying an additional 1,559,124 shares during the last quarter. Primecap Management Co. CA lifted its position in shares of IDEX by 250.7% during the 3rd quarter. Primecap Management Co. CA now owns 1,730,580 shares of the industrial products company’s stock worth $281,669,000 after buying an additional 1,237,129 shares in the last quarter. Dodge & Cox purchased a new position in shares of IDEX in the 3rd quarter worth approximately $56,045,000. Two Sigma Investments LP grew its holdings in shares of IDEX by 446.8% in the third quarter. Two Sigma Investments LP now owns 329,337 shares of the industrial products company’s stock valued at $53,603,000 after acquiring an additional 269,109 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of IDEX by 16.1% in the third quarter. Invesco Ltd. now owns 1,809,788 shares of the industrial products company’s stock valued at $294,561,000 after acquiring an additional 250,447 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IEX. Weiss Ratings reiterated a “hold (c)” rating on shares of IDEX in a report on Monday, April 20th. BMO Capital Markets initiated coverage on IDEX in a research note on Friday, March 27th. They issued a “market perform” rating and a $214.00 price objective for the company. Citigroup raised their target price on IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. TD Cowen lifted their target price on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Oppenheimer reissued an “outperform” rating and issued a $242.00 price target on shares of IDEX in a report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, IDEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.70.

IDEX Price Performance

Shares of NYSE IEX opened at $218.43 on Thursday. The stock has a fifty day simple moving average of $199.39 and a two-hundred day simple moving average of $188.86. IDEX Corporation has a 1-year low of $157.25 and a 1-year high of $223.85. The firm has a market cap of $16.17 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 2.12 and a beta of 1.02. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46.

IDEX (NYSE:IEX) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.22. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The firm had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. During the same period in the previous year, the company posted $1.75 earnings per share. The business’s 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. Analysts anticipate that IDEX Corporation will post 8.5 earnings per share for the current year.

IDEX Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. This is an increase from IDEX’s previous quarterly dividend of $0.71. IDEX’s dividend payout ratio (DPR) 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.