Public Sector Pension Investment Board Has $1.86 Million Stock Position in IDEX Corporation $IEX

Public Sector Pension Investment Board lifted its position in IDEX Corporation (NYSE:IEX) by 7.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,280 shares of the industrial products company’s stock after buying an additional 753 shares during the quarter. Public Sector Pension Investment Board’s holdings in IDEX were worth $1,860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of IEX. MassMutual Private Wealth & Trust FSB raised its stake in IDEX by 81.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 64 shares during the last quarter. Banque de Luxembourg S.A. bought a new stake in shares of IDEX in the 4th quarter worth about $27,000. UMB Bank n.a. grew its holdings in IDEX by 63.5% during the 1st quarter. UMB Bank n.a. now owns 224 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 87 shares during the last quarter. Quarry LP acquired a new position in IDEX during the 4th quarter valued at about $49,000. Finally, Federated Hermes Inc. lifted its position in IDEX by 42.9% during the 1st quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company’s stock valued at $60,000 after purchasing an additional 100 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Price Performance

Shares of IEX opened at $164.26 on Thursday. IDEX Corporation has a 52-week low of $153.36 and a 52-week high of $238.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.13 and a current ratio of 3.05. The business’s 50 day moving average price is $174.51 and its two-hundred day moving average price is $180.08. The firm has a market cap of $12.37 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 1.75 and a beta of 1.04.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.07. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The firm had revenue of $865.40 million for the quarter, compared to analyst estimates of $858.59 million. During the same period in the previous year, the firm earned $2.06 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. On average, equities analysts anticipate that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a dividend of $0.71 per share. The ex-dividend date was Friday, July 11th. This represents a $2.84 annualized dividend and a dividend yield of 1.7%. IDEX’s dividend payout ratio (DPR) is presently 45.88%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. DA Davidson set a $180.00 price target on shares of IDEX and gave the company a “neutral” rating in a research report on Monday, August 4th. Citigroup raised their target price on shares of IDEX from $208.00 to $216.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Stifel Nicolaus reduced their price objective on shares of IDEX from $238.00 to $204.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Royal Bank Of Canada dropped their target price on IDEX from $207.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Finally, Oppenheimer dropped their target price on IDEX from $224.00 to $212.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, IDEX presently has an average rating of “Moderate Buy” and an average price target of $201.71.

Insider Activity

In other news, CFO Akhil Mahendra sold 250 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $180.89, for a total transaction of $45,222.50. Following the transaction, the chief financial officer owned 5,035 shares of the company’s stock, valued at $910,781.15. This represents a 4.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by insiders.

IDEX Profile

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.