Man Group plc Makes New $1.52 Million Investment in IDEX Corporation $IEX

Man Group plc purchased a new stake in IDEX Corporation (NYSE:IEX) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 6,716 shares of the industrial products company’s stock, valued at approximately $1,524,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of IDEX by 4.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 160,520 shares of the industrial products company’s stock worth $28,743,000 after purchasing an additional 6,901 shares during the last quarter. Baader Bank Aktiengesellschaft grew its stake in IDEX by 27.5% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 27,809 shares of the industrial products company’s stock worth $4,948,000 after buying an additional 6,000 shares during the last quarter. Jefferies Financial Group Inc. increased its position in IDEX by 586.2% in the fourth quarter. Jefferies Financial Group Inc. now owns 29,409 shares of the industrial products company’s stock worth $5,233,000 after buying an additional 25,123 shares during the period. Geode Capital Management LLC increased its position in IDEX by 0.4% in 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 buying an additional 7,844 shares during the period. Finally, Evelyn Partners Investment Management LLP lifted its stake in IDEX by 9.2% in the fourth quarter. Evelyn Partners Investment Management LLP now owns 185,359 shares of the industrial products company’s stock valued at $32,983,000 after buying an additional 15,632 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Lisa M. Anderson sold 385 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total transaction of $91,857.15. Following the completion of the transaction, the chief accounting officer owned 4,327 shares in the company, valued at approximately $1,032,378.93. This trade represents a 8.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.50% of the company’s stock.

IDEX Stock Performance

Shares of IEX opened at $224.80 on Thursday. The firm has a market capitalization of $16.57 billion, a PE ratio of 32.35, a P/E/G ratio of 2.53 and a beta of 0.98. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $228.87 and a 200 day moving average price of $214.10. IDEX Corporation has a 52-week low of $158.19 and a 52-week high of $243.80.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.21. The company 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 revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $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. On average, sell-side analysts anticipate that IDEX Corporation will post 8.82 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, July 6th. IDEX’s dividend payout ratio is presently 42.01%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. TD Cowen upped their price target on shares of IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Citigroup lifted their price objective on shares of IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Stifel Nicolaus boosted their target price on shares of IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Oppenheimer restated an “outperform” rating and issued a $265.00 price target on shares of IDEX in a research note on Thursday, July 30th. Finally, DA Davidson boosted their price objective on IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, IDEX presently has a consensus rating of “Moderate Buy” and an average price target of $260.80.

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.