The Manufacturers Life Insurance Company Sells 2,890 Shares of IDEX Corporation $IEX

The Manufacturers Life Insurance Company lessened its holdings in shares of IDEX Corporation (NYSE:IEX) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,874 shares of the industrial products company’s stock after selling 2,890 shares during the period. The Manufacturers Life Insurance Company’s holdings in IDEX were worth $9,833,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Deprince Race & Zollo Inc. boosted its position in IDEX by 4.3% during the 4th quarter. Deprince Race & Zollo Inc. now owns 359,152 shares of the industrial products company’s stock worth $63,908,000 after acquiring an additional 14,952 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of IDEX by 4.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 160,520 shares of the industrial products company’s stock valued at $28,743,000 after purchasing an additional 6,901 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its position in shares of IDEX by 27.5% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 27,809 shares of the industrial products company’s stock worth $4,948,000 after purchasing an additional 6,000 shares in the last quarter. RNC Capital Management LLC lifted its position in shares of IDEX by 227.3% in the fourth quarter. RNC Capital Management LLC now owns 19,807 shares of the industrial products company’s stock worth $3,524,000 after purchasing an additional 13,755 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in IDEX by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock worth $360,740,000 after purchasing an additional 7,844 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

Insider Activity

In related news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the sale, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. The trade was a 18.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on IEX. Royal Bank Of Canada lifted their price target on shares of IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Seaport Research Partners restated a “buy” rating and set a $250.00 price objective on shares of IDEX in a research note on Tuesday, May 5th. Citigroup raised their price objective on IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a report on Thursday. Stifel Nicolaus lifted their target price on IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Robert W. Baird set a $257.00 target price on IDEX in a report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $251.44.

IDEX Price Performance

NYSE:IEX opened at $233.03 on Tuesday. IDEX Corporation has a one year low of $157.25 and a one year high of $243.80. The company has a market cap of $17.18 billion, a P/E ratio of 33.53, a P/E/G ratio of 2.17 and a beta of 0.98. The firm’s fifty day moving average price is $221.74 and its two-hundred day moving average price is $209.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15.

IDEX (NYSE:IEX) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.21. The company had revenue of $920.60 million during the quarter, compared to the consensus estimate of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.07 earnings per share. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Equities analysts expect that IDEX Corporation will post 8.85 earnings per share for the current year.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were paid a $0.73 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 annualized dividend and a yield of 1.3%. IDEX’s dividend payout ratio (DPR) is 42.01%.

About IDEX

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.