Principal Financial Group Inc. Has $14.33 Million Holdings in IDEX Corporation $IEX

Principal Financial Group Inc. lessened its stake in IDEX Corporation (NYSE:IEX) by 4.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 88,010 shares of the industrial products company’s stock after selling 4,374 shares during the period. Principal Financial Group Inc. owned about 0.12% of IDEX worth $14,325,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in shares of 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 buying an additional 54 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in IDEX by 2.0% in the second quarter. Cullen Frost Bankers Inc. now owns 3,112 shares of the industrial products company’s stock valued at $546,000 after buying an additional 60 shares during the period. UMB Bank n.a. boosted its position in IDEX by 61.0% during the third quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 75 shares during the last quarter. Blue Trust Inc. grew its holdings in IDEX by 21.5% during the 2nd quarter. Blue Trust Inc. now owns 446 shares of the industrial products company’s stock worth $78,000 after acquiring an additional 79 shares during the period. Finally, Verdence Capital Advisors LLC raised its position in shares of IDEX by 5.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 1,864 shares of the industrial products company’s stock worth $312,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Up 1.8%

Shares of NYSE IEX opened at $214.50 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.02. The company has a 50-day moving average price of $188.06 and a 200-day moving average price of $173.51. The stock has a market capitalization of $16.06 billion, a P/E ratio of 33.46, a P/E/G ratio of 2.12 and a beta of 1.00. IDEX Corporation has a 1 year low of $153.36 and a 1 year high of $217.15.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.06. The business had revenue of $899.10 million for the quarter, compared to analysts’ expectations of $882.00 million. IDEX had a net margin of 13.98% and a return on equity of 15.03%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.04 EPS. IDEX has set its Q1 2026 guidance at 1.730-1.780 EPS and its FY 2026 guidance at 8.150-8.35 EPS. On average, equities research analysts forecast that IDEX Corporation will post 8.26 EPS for the current fiscal year.

IDEX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 16th were given a dividend of $0.71 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. IDEX’s payout ratio is presently 44.31%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank Of Canada upped their target price on IDEX from $211.00 to $244.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Argus raised IDEX from a “hold” rating to a “buy” rating and set a $240.00 price target on the stock in a research note on Friday, February 6th. DA Davidson increased their price target on IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Stifel Nicolaus raised their price objective on shares of IDEX from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, Citigroup boosted their target price on shares of IDEX from $202.00 to $243.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $228.22.

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.