ICICI Prudential Asset Management Co Ltd Has $9.15 Million Holdings in IDEX Corporation $IEX

ICICI Prudential Asset Management Co Ltd boosted its stake in shares of IDEX Corporation (NYSE:IEX) by 11.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,441 shares of the industrial products company’s stock after purchasing an additional 5,400 shares during the quarter. IDEX accounts for approximately 1.1% of ICICI Prudential Asset Management Co Ltd’s holdings, making the stock its 23rd biggest position. ICICI Prudential Asset Management Co Ltd’s holdings in IDEX were worth $9,153,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. ING Groep NV acquired a new position in IDEX during the 3rd quarter valued at $887,000. Numerai GP LLC raised its stake in IDEX by 19.4% during the 3rd quarter. Numerai GP LLC now owns 62,313 shares of the industrial products company’s stock valued at $10,142,000 after purchasing an additional 10,114 shares during the last quarter. Sienna Gestion acquired a new position in IDEX during the 3rd quarter valued at $6,686,000. Assenagon Asset Management S.A. raised its stake in IDEX by 13.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 62,606 shares of the industrial products company’s stock valued at $11,140,000 after purchasing an additional 7,559 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in IDEX during the 3rd quarter valued at $4,782,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IEX has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of IDEX in a research note on Monday, April 20th. Stifel Nicolaus set a $250.00 price objective on shares of IDEX 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. Seaport Research Partners restated a “buy” rating and issued a $250.00 price objective on shares of IDEX in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada increased their price objective on shares of IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $241.11.

IDEX Trading Up 1.1%

Shares of IEX stock opened at $216.93 on Friday. IDEX Corporation has a 52-week low of $157.25 and a 52-week high of $223.94. The stock has a market cap of $16.05 billion, a price-to-earnings ratio of 32.09, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. The firm has a fifty day moving average of $207.95 and a 200-day moving average of $197.07.

IDEX (NYSE:IEX) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. The business had revenue of $886.90 million during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $1.75 EPS. 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, equities research analysts forecast that IDEX Corporation will post 8.49 earnings per share for the current fiscal year.

IDEX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $0.73 per share. This is an increase from IDEX’s previous quarterly dividend of $0.71. The ex-dividend date was Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. IDEX’s dividend payout ratio is 43.20%.

Insider Activity

In related news, CEO Eric D. Ashleman sold 15,385 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the completion of the sale, the chief executive officer owned 66,658 shares in the company, valued at $14,346,134.76. This trade represents a 18.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

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.