Meeder Asset Management Inc. Buys New Stake in IDEX Corporation $IEX

Meeder Asset Management Inc. bought a new stake in shares of IDEX Corporation (NYSE:IEX) during the first quarter, HoldingsChannel reports. The fund bought 13,704 shares of the industrial products company’s stock, valued at approximately $2,598,000.

Several other hedge funds also recently bought and sold shares of the stock. Laurel Wealth Advisors LLC purchased a new stake in shares of IDEX in the fourth quarter valued at $27,000. SJS Investment Consulting Inc. increased its position in IDEX by 104.1% during 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 in the last quarter. Cromwell Holdings LLC raised its stake in IDEX by 41.1% in the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 58 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in IDEX in the 2nd quarter valued at about $35,000. Finally, Root Financial Partners LLC lifted its holdings in IDEX by 57.6% in the 1st quarter. Root Financial Partners LLC now owns 208 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Performance

Shares of IEX stock opened at $225.23 on Monday. 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 market capitalization of $16.67 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. IDEX Corporation has a one year low of $157.25 and a one year high of $231.70. The company has a 50 day moving average price of $218.11 and a 200 day moving average price of $205.62.

IDEX (NYSE:IEX) last announced its quarterly earnings data 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 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 business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $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. Sell-side analysts anticipate that IDEX Corporation will post 8.49 EPS for the current year.

IDEX Dividend Announcement

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

Insider Buying and Selling

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was 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 directly owned 66,658 shares in the company, valued at $14,346,134.76. This represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on IEX shares. Citigroup raised their price target on shares of IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. TD Cowen boosted their price objective on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Oppenheimer reissued an “outperform” rating and set a $250.00 price objective (up from $242.00) on shares of IDEX in a research note on Tuesday, June 2nd. Stifel Nicolaus set a $250.00 target price on shares of IDEX in a research note on Thursday, April 30th. Finally, BMO Capital Markets began coverage on shares of IDEX in a research note on Friday, March 27th. They issued a “market perform” rating and a $214.00 target price for the company. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $242.11.

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.