The Manufacturers Life Insurance Company Has $9.83 Million Stock Position in IDEX Corporation $IEX

The Manufacturers Life Insurance Company reduced its stake in shares of IDEX Corporation (NYSE:IEX) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,874 shares of the industrial products company’s stock after selling 2,890 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of IDEX worth $9,833,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of IEX. Quantinno Capital Management LP boosted its holdings in IDEX by 281.4% in the 1st quarter. Quantinno Capital Management LP now owns 114,480 shares of the industrial products company’s stock valued at $21,700,000 after purchasing an additional 84,465 shares during the period. Polar Asset Management Partners Inc. acquired a new position in shares of IDEX during the first quarter valued at about $2,047,000. SummitTX Capital L.P. raised its position in shares of IDEX by 15.6% during the first quarter. SummitTX Capital L.P. now owns 20,197 shares of the industrial products company’s stock valued at $3,828,000 after buying an additional 2,732 shares during the last quarter. Quadcap Wealth Management LLC bought a new stake in shares of IDEX in the first quarter valued at about $233,000. Finally, OMERS ADMINISTRATION Corp lifted its stake in shares of IDEX by 227.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 8,867 shares of the industrial products company’s stock valued at $1,681,000 after buying an additional 6,159 shares during the period. 97.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on IEX. Weiss Ratings upgraded IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Oppenheimer reiterated an “outperform” rating and issued a $265.00 price objective on shares of IDEX in a research report on Thursday. Seaport Research Partners reissued a “buy” rating and set a $250.00 price objective on shares of IDEX in a report on Tuesday, May 5th. TD Cowen boosted their price objective on IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Stifel Nicolaus upped their target price on IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a research note on Thursday. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, IDEX currently has a consensus rating of “Moderate Buy” and an average target price of $251.44.

IDEX Stock Up 1.1%

Shares of NYSE IEX opened at $233.03 on Tuesday. IDEX Corporation has a 12-month low of $157.25 and a 12-month high of $243.80. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The firm’s 50-day simple moving average is $221.74 and its 200 day simple moving average is $209.02. The company has a market cap of $17.18 billion, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 2.17 and a beta of 0.98.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 EPS 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 firm had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. During the same period last year, the company earned $2.07 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. On average, research analysts expect that IDEX Corporation will post 8.85 earnings per share for the current fiscal year.

IDEX Announces Dividend

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

Insider Activity at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was 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 owned 66,658 shares in the company, valued at approximately $14,346,134.76. This represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.50% of the stock is currently owned by company insiders.

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.