Nykredit A S Purchases New Shares in IDEX Corporation $IEX

Nykredit A S acquired a new stake in IDEX Corporation (NYSE:IEX) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 38,498 shares of the industrial products company’s stock, valued at approximately $8,737,000.

Several other large investors also recently made changes to their positions in the business. Empowered Funds LLC grew its holdings in IDEX by 3.4% during the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after acquiring an additional 54 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of IDEX by 4.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company’s stock worth $274,000 after acquiring an additional 56 shares during the last quarter. Evolve Private Wealth LLC raised its stake in shares of IDEX by 2.8% in the first quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock worth $403,000 after acquiring an additional 58 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of IDEX by 2.6% during the first quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company’s stock worth $463,000 after purchasing an additional 62 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of IDEX by 2.8% during the fourth quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company’s stock worth $458,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 97.96% of the company’s stock.

Insider Activity at IDEX

In other IDEX news, CAO Lisa Anderson sold 385 shares of IDEX stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total value of $91,857.15. Following the sale, the chief accounting officer owned 4,327 shares of the company’s stock, valued at $1,032,378.93. This trade represents a 8.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by insiders.

IDEX Stock Performance

Shares of IDEX stock opened at $223.71 on Friday. The firm has a fifty day moving average of $228.71 and a two-hundred day moving average of $214.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 2.54 and a beta of 0.98. IDEX Corporation has a 52 week low of $158.19 and a 52 week high of $243.80.

IDEX (NYSE:IEX) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.21. The company had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $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. As a group, equities research analysts predict that IDEX Corporation will post 8.82 EPS for the current year.

IDEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, July 6th. IDEX’s dividend payout ratio (DPR) is presently 42.01%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IEX. DA Davidson raised their price target on shares of IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Citigroup upped their price objective on IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Mizuho upgraded IDEX from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $210.00 to $280.00 in a research report on Tuesday, August 11th. Royal Bank Of Canada lifted their target price on IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.80.

IDEX Company 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.