Tredje AP fonden Grows Stock Holdings in IDEX Corporation $IEX

Tredje AP fonden raised its holdings in shares of IDEX Corporation (NYSE:IEX) by 892.1% during the fourth quarter, HoldingsChannel reports. The fund owned 104,878 shares of the industrial products company’s stock after purchasing an additional 94,307 shares during the quarter. Tredje AP fonden’s holdings in IDEX were worth $18,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in IEX. Wellington Management Group LLP raised its stake in shares of IDEX by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 6,477,929 shares of the industrial products company’s stock valued at $1,054,348,000 after purchasing an additional 211,696 shares during the period. State Street Corp grew its holdings in IDEX by 1.8% during the 3rd quarter. State Street Corp now owns 3,154,742 shares of the industrial products company’s stock valued at $513,466,000 after buying an additional 54,990 shares in the last quarter. Van ECK Associates Corp increased its position in shares of IDEX by 8.3% during the third quarter. Van ECK Associates Corp now owns 1,913,157 shares of the industrial products company’s stock valued at $311,385,000 after buying an additional 146,618 shares during the period. Invesco Ltd. boosted its position in shares of IDEX by 16.1% in the third quarter. Invesco Ltd. now owns 1,809,788 shares of the industrial products company’s stock valued at $294,561,000 after acquiring an additional 250,447 shares during the period. Finally, Primecap Management Co. CA grew its stake in IDEX by 250.7% during the third quarter. Primecap Management Co. CA now owns 1,730,580 shares of the industrial products company’s stock valued at $281,669,000 after acquiring an additional 1,237,129 shares in the last quarter. 97.96% of the stock is owned by institutional investors.

IDEX Price Performance

Shares of IDEX stock opened at $208.61 on Tuesday. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $15.44 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.04 and a beta of 1.02. The business’s 50-day moving average price is $200.06 and its 200-day moving average price is $191.39. IDEX Corporation has a 12 month low of $157.25 and a 12 month high of $223.85.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. The company had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.IDEX’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. Sell-side analysts forecast that IDEX Corporation will post 8.5 EPS for the current fiscal year.

IDEX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, May 22nd. This is a positive change from IDEX’s previous quarterly dividend of $0.71. IDEX’s dividend payout ratio (DPR) is presently 42.01%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Stifel Nicolaus set a $250.00 price target on shares of IDEX in a report on Thursday, April 30th. TD Cowen lifted their price objective on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Robert W. Baird set a $257.00 target price on IDEX in a research note on Thursday, April 30th. DA Davidson raised their price target on IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Finally, BMO Capital Markets began coverage on IDEX in a report on Friday, March 27th. They set a “market perform” rating and a $214.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $240.22.

Insider Activity

In other news, CEO Eric D. Ashleman sold 15,385 shares of the company’s stock in a transaction on Monday, May 11th. The shares were 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 of the company’s stock, valued at approximately $14,346,134.76. This represents a 18.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

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.