Rakuten Investment Management Inc. Invests $2.74 Million in IDEX Corporation $IEX

Rakuten Investment Management Inc. acquired a new position in IDEX Corporation (NYSE:IEX) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 12,117 shares of the industrial products company’s stock, valued at approximately $2,738,000.

A number of other large investors have also recently added to or reduced their stakes in IEX. Empowered Funds LLC raised its position in IDEX by 3.4% during the first 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 grew its position in shares of IDEX by 41.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,043 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 304 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in shares of IDEX in the second quarter valued at approximately $219,000. Cerity Partners LLC increased its stake in shares of IDEX by 23.9% during the 2nd quarter. Cerity Partners LLC now owns 18,658 shares of the industrial products company’s stock worth $3,276,000 after purchasing an additional 3,604 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of IDEX by 4.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 13,513 shares of the industrial products company’s stock worth $2,373,000 after purchasing an additional 518 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Stock Up 0.1%

IEX stock opened at $230.44 on Monday. The company has a 50 day moving average price of $228.73 and a two-hundred day moving average price of $213.77. 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 $16.99 billion, a P/E ratio of 33.16, a PEG ratio of 2.17 and a beta of 0.98. IDEX Corporation has a one year low of $158.19 and a one year high of $243.80.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The company had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. During the same quarter in the prior year, the company posted $2.07 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. 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, sell-side analysts expect that IDEX Corporation will post 8.82 EPS for the current year.

IDEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were given a dividend of $0.73 per share. The ex-dividend date was Monday, July 6th. This represents a $2.92 annualized dividend and a yield of 1.3%. IDEX’s dividend payout ratio is 42.01%.

Insider Transactions at IDEX

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of the firm’s 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 directly owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. This trade represents a 8.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

IEX has been the topic of a number of recent research reports. Royal Bank Of Canada upped 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. Argus upped their price objective on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings raised IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Oppenheimer reiterated an “outperform” rating and set a $265.00 price objective on shares of IDEX in a research report on Thursday, July 30th. Finally, Stifel Nicolaus boosted their target price on shares of IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.