Financiere des Professionnels Fonds d investissement inc. Buys Shares of 11,100 IDEX Corporation $IEX

Financiere des Professionnels Fonds d investissement inc. bought a new position in IDEX Corporation (NYSE:IEX) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,100 shares of the industrial products company’s stock, valued at approximately $2,104,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IEX. Empowered Funds LLC grew its position in IDEX by 3.4% during 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 increased its holdings in IDEX by 41.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,043 shares of the industrial products company’s stock valued at $183,000 after buying an additional 304 shares during the last quarter. Cresset Asset Management LLC bought a new position in IDEX in the second quarter worth approximately $219,000. Cerity Partners LLC boosted its stake in shares of IDEX by 23.9% during the 2nd quarter. Cerity Partners LLC now owns 18,658 shares of the industrial products company’s stock worth $3,276,000 after acquiring an additional 3,604 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of IDEX by 4.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 13,513 shares of the industrial products company’s stock worth $2,373,000 after acquiring an additional 518 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Insider Activity

In related news, CEO Eric D. Ashleman sold 15,385 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the completion of the sale, the chief executive officer owned 66,658 shares in the company, valued at approximately $14,346,134.76. This trade represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

IDEX Stock Down 1.6%

IEX opened at $225.23 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. IDEX Corporation has a fifty-two week low of $157.25 and a fifty-two week high of $231.70. The firm’s fifty day moving average is $218.11 and its 200 day moving average is $205.44. The stock has a market cap of $16.67 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 2.25 and a beta of 0.98.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. The business had revenue of $886.90 million during the quarter, compared to analyst estimates of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.IDEX’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business 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. On average, sell-side analysts forecast that IDEX Corporation will post 8.49 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 6th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. IDEX’s dividend payout ratio is 43.20%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IEX. Seaport Research Partners restated a “buy” rating and issued a $250.00 price objective on shares of IDEX in a research note on Tuesday, May 5th. Oppenheimer reissued an “outperform” rating and set a $250.00 price target (up from $242.00) on shares of IDEX in a report on Tuesday, June 2nd. Royal Bank Of Canada upped their price target on IDEX from $252.00 to $261.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus set a $250.00 price objective on IDEX in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $257.00 price objective on IDEX in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $242.11.

IDEX 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.