Rakuten Investment Management Inc. Purchases Shares of 12,117 IDEX Corporation $IEX

Rakuten Investment Management Inc. acquired a new stake in shares of IDEX Corporation (NYSE:IEX) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 12,117 shares of the industrial products company’s stock, valued at approximately $2,738,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC acquired a new position in IDEX in the fourth quarter valued at $27,000. Optiver Holding B.V. acquired a new stake in IDEX during the first quarter worth about $27,000. SJS Investment Consulting Inc. raised its holdings in shares of IDEX by 104.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 76 shares during the period. Quantbot Technologies LP acquired a new position in shares of IDEX in the 2nd quarter valued at about $33,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of IDEX in the 2nd quarter valued at about $35,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Lisa M. Anderson sold 385 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total transaction of $91,857.15. Following the transaction, the chief accounting officer directly owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

IEX has been the subject of a number of research analyst reports. Oppenheimer reissued an “outperform” rating and set a $265.00 target price on shares of IDEX in a research report on Thursday, July 30th. DA Davidson lifted their price target on shares of IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. TD Cowen boosted their price objective on shares of IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Argus increased their price objective on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada raised their target price on shares of IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, IDEX currently has a consensus rating of “Moderate Buy” and an average target price of $260.80.

IDEX Price Performance

Shares of NYSE IEX opened at $230.44 on Monday. IDEX Corporation has a 1-year low of $158.19 and a 1-year high of $243.80. The business has a 50-day moving average of $228.73 and a 200-day moving average of $213.77. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.17 and a beta of 0.98.

IDEX (NYSE:IEX) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.11 by $0.21. The business had revenue of $920.60 million for the quarter, compared to the consensus estimate of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The company’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $2.07 EPS. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. On average, equities analysts anticipate that IDEX Corporation will post 8.82 EPS for the current fiscal year.

IDEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 6th were paid a dividend of $0.73 per share. The ex-dividend date was 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 42.01%.

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.