IDEX Corporation $IEX Position Increased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. raised its holdings in shares of IDEX Corporation (NYSE:IEX) by 586.2% during the 4th quarter, Holdings Channel reports. The fund owned 29,409 shares of the industrial products company’s stock after purchasing an additional 25,123 shares during the period. Jefferies Financial Group Inc.’s holdings in IDEX were worth $5,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Nuance Investments LLC increased its position in shares of IDEX by 102.3% during the 3rd quarter. Nuance Investments LLC now owns 162,594 shares of the industrial products company’s stock valued at $26,464,000 after purchasing an additional 82,223 shares during the period. ING Groep NV acquired a new position in shares of IDEX in the 3rd quarter valued at $887,000. Rockland Trust Co. purchased a new position in shares of IDEX during the third quarter valued at $398,000. Numerai GP LLC grew its holdings in shares of IDEX by 19.4% during the third quarter. Numerai GP LLC now owns 62,313 shares of the industrial products company’s stock valued at $10,142,000 after buying an additional 10,114 shares in the last quarter. Finally, Sienna Gestion purchased a new position in shares of IDEX during the third quarter valued at $6,686,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on IEX shares. TD Cowen boosted their target price on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Stifel Nicolaus set a $250.00 price objective on IDEX in a research report on Thursday, April 30th. Seaport Research Partners reaffirmed a “buy” rating and issued a $250.00 price target on shares of IDEX in a report on Tuesday, May 5th. Citigroup raised their target price on IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, DA Davidson upped their target price on shares of IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $240.22.

Insiders Place Their Bets

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the business’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 transaction, the chief executive officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.

IDEX Stock Up 0.1%

NYSE:IEX opened at $208.99 on Tuesday. The stock’s fifty day simple moving average is $201.31 and its 200-day simple moving average is $192.69. 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 firm has a market capitalization of $15.47 billion, a P/E ratio of 30.92, a P/E/G ratio of 2.05 and a beta of 1.02. IDEX Corporation has a 12-month low of $157.25 and a 12-month high of $223.85.

IDEX (NYSE:IEX) last posted its 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 firm had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company 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. Equities research analysts expect that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Increases Dividend

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

About IDEX

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.