Public Employees Retirement System of Ohio Takes $5.20 Million Position in IDEX Corporation $IEX

Public Employees Retirement System of Ohio purchased a new position in IDEX Corporation (NYSE:IEX) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 22,923 shares of the industrial products company’s stock, valued at approximately $5,202,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in IDEX by 3.4% in the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after buying an additional 54 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of IDEX by 4.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company’s stock worth $274,000 after buying an additional 56 shares during the period. Evolve Private Wealth LLC grew its holdings in IDEX by 2.8% during the first quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock valued at $403,000 after purchasing an additional 58 shares during the period. Sanctuary Advisors LLC increased its position in shares of IDEX by 2.6% in the 1st quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company’s stock valued at $463,000 after buying an additional 62 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of IDEX by 2.8% in the fourth quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company’s stock worth $458,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 97.96% of the company’s stock.

Insider Buying and Selling at IDEX

In related news, CAO Lisa M. Anderson sold 385 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total transaction of $91,857.15. Following the sale, the chief accounting officer 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.

IDEX Trading Up 0.9%

IEX opened at $224.80 on Thursday. The company has a market cap of $16.57 billion, a P/E ratio of 32.35, a PEG ratio of 2.53 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. The company’s 50 day moving average is $228.87 and its 200-day moving average is $214.10. 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 data on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The business had revenue of $920.60 million during the quarter, compared to the consensus estimate of $905.38 million. During the same quarter in the prior year, the firm earned $2.07 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. 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 research analysts predict that IDEX Corporation will post 8.82 earnings per share for the current fiscal year.

IDEX Dividend Announcement

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

Analyst Upgrades and Downgrades

IEX has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Oppenheimer reissued an “outperform” rating and issued a $265.00 target price on shares of IDEX in a research note on Thursday, July 30th. DA Davidson upped their price objective on IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Stifel Nicolaus increased their target price on IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Citigroup upped their target price on IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, IDEX currently has an average rating of “Moderate Buy” and an average target price of $260.80.

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.