Principal Financial Group Inc. Purchases 4,060 Shares of IDEX Corporation $IEX

Principal Financial Group Inc. increased its position in IDEX Corporation (NYSE:IEX) by 4.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,315 shares of the industrial products company’s stock after purchasing an additional 4,060 shares during the period. Principal Financial Group Inc. owned 0.12% of IDEX worth $16,740,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC grew its position in shares of IDEX by 3.4% in the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after buying an additional 54 shares during the period. Cromwell Holdings LLC increased its stake in shares of IDEX by 41.1% in the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 58 shares in the last quarter. Evolve Private Wealth LLC lifted its position in IDEX by 2.8% during the 1st quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock valued at $403,000 after acquiring an additional 58 shares during the period. Mackenzie Financial Corp lifted its position in IDEX by 2.8% during the 4th quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company’s stock valued at $458,000 after acquiring an additional 70 shares during the period. Finally, SJS Investment Consulting Inc. boosted its stake 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 acquiring an additional 76 shares in the last quarter. Institutional investors own 97.96% of the company’s stock.

Insider Buying and Selling

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction on Monday, May 11th. The stock was 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 trade represents a 18.75% decrease in their position. The transaction 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.

Wall Street Analyst Weigh In

IEX has been the topic of a number of recent research reports. Weiss Ratings upgraded shares of IDEX from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Robert W. Baird set a $257.00 price target on IDEX in a research report on Thursday, April 30th. Citigroup upped their price target on IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. BMO Capital Markets started coverage on IDEX in a research report on Friday, March 27th. They set a “market perform” rating and a $214.00 price objective for the company. Finally, Oppenheimer lifted their price objective on IDEX from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $244.00.

IDEX Stock Up 0.8%

NYSE:IEX opened at $222.96 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. The firm has a market cap of $16.50 billion, a P/E ratio of 32.98, a P/E/G ratio of 2.17 and a beta of 0.98. IDEX Corporation has a fifty-two week low of $157.25 and a fifty-two week high of $231.70. The firm has a 50-day simple moving average of $218.62 and a two-hundred day simple moving average of $206.54.

IDEX (NYSE:IEX) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.22. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The firm had revenue of $886.90 million for the quarter, compared to the consensus estimate of $845.58 million. During the same quarter in the prior year, the firm posted $1.75 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. Analysts predict that IDEX Corporation will post 8.48 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, July 6th will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, July 6th. IDEX’s dividend payout ratio (DPR) is currently 43.20%.

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.