Saudi Central Bank Has $1.18 Million Holdings in IDEX Corporation $IEX

Saudi Central Bank increased its holdings in IDEX Corporation (NYSE:IEX) by 88.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,194 shares of the industrial products company’s stock after purchasing an additional 2,431 shares during the period. Saudi Central Bank’s holdings in IDEX were worth $1,179,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Optiver Holding B.V. acquired a new position in shares of IDEX during the 1st quarter valued at about $27,000. Quantbot Technologies LP acquired a new stake in IDEX in the 2nd quarter worth approximately $33,000. SJS Investment Consulting Inc. boosted its position in IDEX by 104.1% during the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 76 shares during the period. CYBER HORNET ETFs LLC acquired a new position in IDEX during the second quarter valued at approximately $35,000. Finally, Root Financial Partners LLC raised its position in shares of IDEX by 57.6% in the first quarter. Root Financial Partners LLC now owns 208 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on IEX shares. Weiss Ratings upgraded shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. DA Davidson upped their price target on shares of IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Mizuho raised IDEX from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $210.00 to $280.00 in a research report on Tuesday, August 11th. Royal Bank Of Canada raised their target price on IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Finally, TD Cowen raised their price objective on shares of IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, IDEX presently has an average rating of “Moderate Buy” and a consensus price target of $259.82.

Insider Buying and Selling at IDEX

In other news, CAO Lisa Anderson sold 385 shares of the company’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 transaction, the chief accounting officer directly owned 4,327 shares in the company, valued at approximately $1,032,378.93. This represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

IDEX Stock Performance

NYSE:IEX opened at $225.56 on Wednesday. The stock has a market capitalization of $16.63 billion, a P/E ratio of 32.45, a price-to-earnings-growth ratio of 2.54 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. The firm has a 50 day moving average of $228.64 and a 200-day moving average of $214.50.

IDEX (NYSE:IEX) last released its quarterly earnings results 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 business had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. During the same period in the prior year, the company earned $2.07 EPS. IDEX’s revenue for the quarter 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. As a group, sell-side analysts anticipate that IDEX Corporation will post 8.82 EPS for the current fiscal year.

IDEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were issued 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 1.3%. IDEX’s dividend payout ratio is currently 42.01%.

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.