Nisa Investment Advisors LLC Acquires 2,805 Shares of IDEX Corporation $IEX

Nisa Investment Advisors LLC boosted its holdings in IDEX Corporation (NYSE:IEX) by 9.4% during the third quarter, Holdings Channel.com reports. The fund owned 32,685 shares of the industrial products company’s stock after acquiring an additional 2,805 shares during the period. Nisa Investment Advisors LLC’s holdings in IDEX were worth $7,452,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in IEX. Freestone Grove Partners LP acquired a new position in IDEX during the second quarter worth about $102,523,000. Korea Investment CORP purchased a new stake in shares of IDEX in the second quarter valued at about $7,563,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of IDEX in the second quarter valued at approximately $1,344,000. Hsbc Holdings PLC grew its position in shares of IDEX by 35.6% in the second quarter. Hsbc Holdings PLC now owns 403,063 shares of the industrial products company’s stock valued at $91,474,000 after purchasing an additional 105,902 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of IDEX by 40.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,057 shares of the industrial products company’s stock valued at $8,351,000 after purchasing an additional 12,750 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Trading Down 3.7%

Shares of IEX stock opened at $226.76 on Friday. The company has a market capitalization of $16.72 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 2.67 and a beta of 0.97. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $230.12 and a 200 day moving average price of $222.02. IDEX Corporation has a twelve month low of $160.60 and a twelve month high of $243.80.

IDEX (NYSE:IEX) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping 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 net margin of 14.49% and a return on equity of 15.69%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the company 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. Research analysts forecast that IDEX Corporation will post 8.83 earnings per share for the current fiscal year.

IDEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 2nd were paid a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. IDEX’s dividend payout ratio is presently 42.01%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on IEX shares. Mizuho raised shares of IDEX from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $210.00 to $280.00 in a research note on Tuesday, August 11th. Weiss Ratings raised IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Vertical Research initiated coverage on IDEX in a report on Tuesday, September 8th. They set a “buy” rating and a $250.00 target price on the stock. TD Cowen increased their target price on IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Citigroup raised their price target on IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, IDEX presently has an average rating of “Moderate Buy” and a consensus target price of $261.09.

Insider Activity

In related news, CAO Lisa Anderson sold 385 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total transaction of $91,857.15. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.50% of the company’s stock.

About IDEX

IDEX Corporation is an industrial manufacturing company headquartered in Lake Forest, Illinois. The company designs and produces engineered products and technologies used to move, control, measure and apply fluids, as well as equipment used in fire and safety applications.

IDEX operates through businesses serving fluid and metering technologies, health and science technologies, and fire and safety markets. Its products include pumps, valves, flow meters, compressors, dispensing equipment, precision fluidics components and systems, fire pumps, rescue tools and other specialized equipment.

The company serves a broad range of industries, including healthcare, life sciences, water and wastewater, chemical processing, energy, food and beverage, agriculture, industrial manufacturing and municipal fire protection.