Janus Henderson Group PLC Acquires 73,710 Shares of IDEX Corporation $IEX

Janus Henderson Group PLC lifted its holdings in shares of IDEX Corporation (NYSE:IEX) by 953.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,444 shares of the industrial products company’s stock after acquiring an additional 73,710 shares during the quarter. Janus Henderson Group PLC’s holdings in IDEX were worth $15,439,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of IEX. Laurel Wealth Advisors LLC bought a new position in IDEX in the 4th quarter valued at $27,000. SJS Investment Consulting Inc. raised its stake in shares of IDEX by 104.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 76 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of IDEX during the 2nd quarter worth $35,000. Root Financial Partners LLC boosted its holdings in shares of IDEX by 57.6% in the 1st quarter. Root Financial Partners LLC now owns 208 shares of the industrial products company’s stock worth $39,000 after buying an additional 76 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in IDEX during the second quarter valued at about $39,000. 97.96% of the stock is currently owned by institutional investors.

IDEX Trading Up 2.2%

Shares of IEX opened at $237.86 on Wednesday. The business has a 50-day moving average of $222.27 and a 200 day moving average of $209.36. IDEX Corporation has a fifty-two week low of $157.25 and a fifty-two week high of $243.80. The firm has a market cap of $17.53 billion, a P/E ratio of 34.22, a price-to-earnings-growth ratio of 2.19 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.21. The business had revenue of $920.60 million for the quarter, compared to analysts’ expectations of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.07 EPS. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. As a group, research analysts forecast that IDEX Corporation will post 8.85 EPS for the current year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 6th were given a $0.73 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 annualized dividend and a dividend yield of 1.2%. IDEX’s payout ratio is 42.01%.

Insider Activity

In related news, CEO Eric D. Ashleman sold 15,385 shares of the company’s 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 in the company, valued at approximately $14,346,134.76. This represents a 18.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on IEX shares. Oppenheimer reaffirmed an “outperform” rating and issued a $265.00 price objective on shares of IDEX in a research report on Thursday, July 30th. TD Cowen increased their target price on shares of IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Citigroup raised their price target on shares of IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Seaport Research Partners reaffirmed a “buy” rating and issued a $250.00 price target on shares of IDEX in a report on Tuesday, May 5th. Finally, Robert W. Baird set a $257.00 price objective on IDEX in a research note on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $251.44.

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.