Ethic Inc. Invests $766,000 in IDEX Corporation $IEX

Ethic Inc. acquired a new stake in shares of IDEX Corporation (NYSE:IEX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,302 shares of the industrial products company’s stock, valued at approximately $766,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. ASR Vermogensbeheer N.V. grew its position in IDEX by 7.2% during the fourth quarter. ASR Vermogensbeheer N.V. now owns 171,472 shares of the industrial products company’s stock valued at $30,511,000 after purchasing an additional 11,538 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in IDEX during the fourth quarter valued at approximately $556,000. Gateway Investment Advisers LLC purchased a new position in IDEX during the fourth quarter valued at approximately $303,000. Robeco Schweiz AG grew its position in IDEX by 52.2% during the fourth quarter. Robeco Schweiz AG now owns 412,636 shares of the industrial products company’s stock valued at $73,424,000 after purchasing an additional 141,547 shares in the last quarter. Finally, K.J. Harrison & Partners Inc purchased a new position in IDEX during the fourth quarter valued at approximately $3,559,000. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Stock Performance

IEX stock opened at $211.21 on Friday. 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 company has a market capitalization of $15.63 billion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 2.08 and a beta of 1.02. IDEX Corporation has a 12 month low of $157.25 and a 12 month high of $223.85. The firm has a 50 day moving average of $199.97 and a two-hundred day moving average of $190.81.

IDEX (NYSE:IEX) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.78 by $0.22. The company had revenue of $886.90 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, equities analysts anticipate that IDEX Corporation will post 8.5 EPS for the current fiscal year.

IDEX Increases Dividend

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

Wall Street Analysts Forecast Growth

IEX has been the topic of a number of research analyst reports. 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. DA Davidson boosted their price objective on shares of IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Citigroup boosted their price objective on shares of IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Oppenheimer reaffirmed an “outperform” rating and set a $242.00 price objective on shares of IDEX in a research report on Thursday, April 30th. Finally, Stifel Nicolaus set a $250.00 price objective on shares of IDEX in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, IDEX has a consensus rating of “Moderate Buy” and an average target price of $234.70.

Insider Buying and Selling

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 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

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.