Norges Bank Invests $162.79 Million in IDEX Corporation $IEX

Norges Bank bought a new position in IDEX Corporation (NYSE:IEX) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 914,850 shares of the industrial products company’s stock, valued at approximately $162,788,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GoalVest Advisory LLC purchased a new stake in shares of IDEX in the 4th quarter worth about $26,000. Laurel Wealth Advisors LLC bought a new position in shares of IDEX in the 4th quarter worth about $27,000. UMB Bank n.a. increased its stake in shares of IDEX by 61.0% in the 3rd quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 75 shares in the last quarter. Cromwell Holdings LLC increased its stake in shares of IDEX by 41.1% in the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 58 shares in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in shares of IDEX in the 2nd quarter worth about $35,000. 97.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $215.22, for a total value 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. The trade was 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 link. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on IEX. TD Cowen increased their price target on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Oppenheimer reiterated an “outperform” rating and issued a $250.00 price target (up from $242.00) on shares of IDEX in a research note on Tuesday. Royal Bank Of Canada increased their price target on shares of IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. 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 price target for the company. Finally, DA Davidson increased their price target on shares of IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, IDEX has an average rating of “Moderate Buy” and a consensus price target of $241.11.

IDEX Stock Up 1.7%

NYSE:IEX opened at $215.71 on Thursday. The firm has a market cap of $15.96 billion, a P/E ratio of 31.91, a P/E/G ratio of 2.08 and a beta of 1.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. IDEX Corporation has a fifty-two week low of $157.25 and a fifty-two week high of $223.85. The firm has a 50-day simple moving average of $204.55 and a two-hundred day simple moving average of $194.82.

IDEX (NYSE:IEX) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.22. The business had revenue of $886.90 million during the quarter, compared to analyst estimates of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. IDEX’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business 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. Analysts predict that IDEX Corporation will post 8.49 earnings per share for the current fiscal year.

IDEX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be paid a $0.73 dividend. This is a boost from IDEX’s previous quarterly dividend of $0.71. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, May 22nd. IDEX’s dividend payout ratio (DPR) is presently 43.20%.

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.