Mitsubishi UFJ Asset Management Co. Ltd. Buys Shares of 180,901 IDEX Corporation $IEX

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in IDEX Corporation (NYSE:IEX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 180,901 shares of the industrial products company’s stock, valued at approximately $41,055,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.25% of IDEX as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Baader Bank Aktiengesellschaft grew its position in shares of IDEX by 27.5% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 27,809 shares of the industrial products company’s stock worth $4,948,000 after buying an additional 6,000 shares during the period. RNC Capital Management LLC raised its position in shares of IDEX by 227.3% in the 4th quarter. RNC Capital Management LLC now owns 19,807 shares of the industrial products company’s stock valued at $3,524,000 after acquiring an additional 13,755 shares during the period. Geode Capital Management LLC boosted its stake in IDEX by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock worth $360,740,000 after acquiring an additional 7,844 shares during the last quarter. Jefferies Financial Group Inc. boosted its stake in IDEX by 586.2% during the 4th quarter. Jefferies Financial Group Inc. now owns 29,409 shares of the industrial products company’s stock worth $5,233,000 after acquiring an additional 25,123 shares during the last quarter. Finally, Evelyn Partners Investment Management LLP grew its holdings in IDEX by 9.2% during the fourth quarter. Evelyn Partners Investment Management LLP now owns 185,359 shares of the industrial products company’s stock valued at $32,983,000 after purchasing an additional 15,632 shares during the period. 97.96% of the stock is currently owned by institutional investors.

IDEX Price Performance

IEX stock opened at $234.34 on Thursday. The stock has a 50-day moving average price of $227.22 and a two-hundred day moving average price of $212.47. The stock has a market cap of $17.28 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 1 year low of $158.19 and a 1 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 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.21. The company had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.07 earnings per share. 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 forecast that IDEX Corporation will post 8.84 EPS for the current fiscal year.

IDEX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a yield of 1.2%. IDEX’s dividend payout ratio is 42.01%.

Insider Buying and Selling at IDEX

In other news, CAO Lisa M. Anderson sold 385 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total transaction of $91,857.15. Following the completion of the transaction, the chief accounting officer directly owned 4,327 shares of the company’s stock, valued at $1,032,378.93. This trade represents a 8.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IEX. TD Cowen increased their target price on shares of IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Robert W. Baird set a $257.00 price objective on IDEX in a research note on Thursday, April 30th. Seaport Research Partners reiterated a “buy” rating and set a $250.00 target price on shares of IDEX in a report on Tuesday, May 5th. DA Davidson boosted their target price on IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, Argus increased their price target on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, IDEX 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.