IDEX Corporation $IEX Shares Acquired by M&T Bank Corp

M&T Bank Corp lifted its holdings in shares of IDEX Corporation (NYSE:IEX) by 52.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,682 shares of the industrial products company’s stock after buying an additional 3,697 shares during the period. M&T Bank Corp’s holdings in IDEX were worth $1,901,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in IEX. GoalVest Advisory LLC acquired a new position in shares of IDEX during the fourth quarter worth approximately $26,000. UMB Bank n.a. boosted its position in shares of IDEX by 61.0% during the third quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock worth $32,000 after buying an additional 75 shares during the period. Cromwell Holdings LLC boosted its position in shares of IDEX by 41.1% during the fourth quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after buying an additional 58 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of IDEX during the second quarter worth approximately $35,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of IDEX during the second quarter worth approximately $39,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Price Performance

NYSE IEX opened at $216.77 on Friday. The stock has a market capitalization of $16.04 billion, a P/E ratio of 32.07, a P/E/G ratio of 2.11 and a beta of 1.02. IDEX Corporation has a 1 year low of $157.25 and a 1 year high of $223.85. The business’s fifty day moving average is $199.52 and its two-hundred day moving average is $189.20. 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 posted its quarterly 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. The company had revenue of $886.90 million for the quarter, compared to analysts’ expectations of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The firm’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company 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 forecast that IDEX Corporation will post 8.5 earnings per share for the current fiscal year.

IDEX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a $0.73 dividend. This is an increase from IDEX’s previous quarterly dividend of $0.71. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 22nd. IDEX’s dividend payout ratio is currently 42.01%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Seaport Research Partners reiterated a “buy” rating and set a $250.00 price objective on shares of IDEX in a research report on Tuesday. Citigroup boosted their target price on IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Argus raised IDEX from a “hold” rating to a “buy” rating and set a $240.00 target price on the stock in a report on Friday, February 6th. Robert W. Baird set a $257.00 target price on IDEX in a report on Thursday, April 30th. Finally, Oppenheimer reissued an “outperform” rating and set a $242.00 target price on shares of IDEX in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $234.70.

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.