Swiss National Bank Has $41.62 Million Position in IDEX Corporation $IEX

Swiss National Bank grew its holdings in IDEX Corporation (NYSE:IEX) by 6.7% in the first quarter, Holdings Channel.com reports. The firm owned 219,600 shares of the industrial products company’s stock after purchasing an additional 13,700 shares during the period. Swiss National Bank’s holdings in IDEX were worth $41,625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of IEX. Empowered Funds LLC raised its position in IDEX by 3.4% during the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after buying an additional 54 shares during the period. EverSource Wealth Advisors LLC boosted its position in IDEX by 41.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,043 shares of the industrial products company’s stock worth $183,000 after acquiring an additional 304 shares during the period. Cresset Asset Management LLC acquired a new stake in IDEX during the 2nd quarter worth about $219,000. Cerity Partners LLC grew its stake in IDEX by 23.9% during the 2nd quarter. Cerity Partners LLC now owns 18,658 shares of the industrial products company’s stock valued at $3,276,000 after acquiring an additional 3,604 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in IDEX by 4.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 13,513 shares of the industrial products company’s stock valued at $2,373,000 after acquiring an additional 518 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Insider Buying and Selling at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of IDEX 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 owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. The trade was a 18.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of IDEX from $250.00 to $257.00 and gave the stock a “buy” rating in a research report on Monday. Seaport Research Partners reaffirmed a “buy” rating and set a $250.00 price objective on shares of IDEX in a research report on Tuesday, May 5th. TD Cowen upped their price objective on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Citigroup increased their target price on shares of IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada lifted their target price on shares of IDEX from $252.00 to $261.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, IDEX currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.00.

IDEX Trading Up 0.8%

Shares of NYSE IEX opened at $222.96 on Thursday. The stock has a market cap of $16.50 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 2.17 and a beta of 0.98. The business has a 50 day simple moving average of $218.62 and a 200 day simple moving average of $206.54. IDEX Corporation has a 52 week low of $157.25 and a 52 week high of $231.70. 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 issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, beating 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 net margin of 14.38% and a return on equity of 15.29%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $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. On average, research analysts predict that IDEX Corporation will post 8.48 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 6th will be issued a dividend of $0.73 per share. The ex-dividend date is Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. IDEX’s dividend payout ratio (DPR) is currently 43.20%.

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.