Man Group plc Purchases New Stake in IDEX Corporation $IEX

Man Group plc acquired a new position in IDEX Corporation (NYSE:IEX) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 6,716 shares of the industrial products company’s stock, valued at approximately $1,524,000.

A number of other institutional investors have also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of IDEX by 4.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 160,520 shares of the industrial products company’s stock worth $28,743,000 after purchasing an additional 6,901 shares in the last quarter. Baader Bank Aktiengesellschaft grew its position in IDEX by 27.5% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 27,809 shares of the industrial products company’s stock valued at $4,948,000 after purchasing an additional 6,000 shares in the last quarter. Jefferies Financial Group Inc. grew its position in IDEX by 586.2% during the fourth quarter. Jefferies Financial Group Inc. now owns 29,409 shares of the industrial products company’s stock valued at $5,233,000 after purchasing an additional 25,123 shares in the last quarter. Geode Capital Management LLC increased its stake in IDEX by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock valued at $360,740,000 after buying an additional 7,844 shares during the period. Finally, Evelyn Partners Investment Management LLP lifted its position in IDEX by 9.2% in the 4th quarter. Evelyn Partners Investment Management LLP now owns 185,359 shares of the industrial products company’s stock worth $32,983,000 after buying an additional 15,632 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Mizuho raised shares of IDEX from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $210.00 to $280.00 in a research note on Tuesday, August 11th. Oppenheimer reiterated an “outperform” rating and set a $265.00 price objective on shares of IDEX in a report on Thursday, July 30th. Argus lifted 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. Citigroup boosted their target price on IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Stifel Nicolaus upped their target price on IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.80.

IDEX Stock Performance

Shares of IEX opened at $224.80 on Thursday. The company’s fifty day moving average is $228.87 and its 200-day moving average is $214.10. IDEX Corporation has a 12 month low of $158.19 and a 12 month high of $243.80. The firm has a market cap of $16.57 billion, a price-to-earnings ratio of 32.35, a price-to-earnings-growth ratio of 2.53 and a beta of 0.98. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46.

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

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were given a $0.73 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. IDEX’s payout ratio is currently 42.01%.

Insider Activity

In other news, CAO Lisa M. Anderson sold 385 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total transaction of $91,857.15. Following the completion of the sale, the chief accounting officer owned 4,327 shares in the company, valued at approximately $1,032,378.93. This represents a 8.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

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.