Principal Financial Group Inc. Lowers Stock Position in IDEX Corporation $IEX

Principal Financial Group Inc. reduced its position in shares of IDEX Corporation (NYSE:IEX) by 4.7% during the third quarter, Holdings Channel reports. The firm owned 88,010 shares of the industrial products company’s stock after selling 4,374 shares during the period. Principal Financial Group Inc.’s holdings in IDEX were worth $14,325,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IEX. Nordea Investment Management AB increased its stake in IDEX by 193.6% in the 3rd quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock valued at $382,049,000 after buying an additional 1,559,124 shares during the last quarter. Norges Bank bought a new position in shares of IDEX in the second quarter valued at approximately $156,009,000. Qube Research & Technologies Ltd increased its position in shares of IDEX by 142.2% during the second quarter. Qube Research & Technologies Ltd now owns 652,664 shares of the industrial products company’s stock valued at $114,588,000 after acquiring an additional 383,221 shares during the last quarter. Flossbach Von Storch SE increased its position in shares of IDEX by 132.8% during the second quarter. Flossbach Von Storch SE now owns 640,792 shares of the industrial products company’s stock valued at $112,504,000 after acquiring an additional 365,525 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in IDEX by 635.4% during the second quarter. Squarepoint Ops LLC now owns 264,492 shares of the industrial products company’s stock worth $46,437,000 after acquiring an additional 228,525 shares during the period. 97.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on IEX shares. Oppenheimer restated an “outperform” rating and issued a $230.00 price objective on shares of IDEX in a research note on Thursday, February 5th. Argus raised shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 price target on the stock in a report on Friday, February 6th. Royal Bank Of Canada raised their price objective on shares of IDEX from $211.00 to $244.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Robert W. Baird set a $247.00 price objective on shares of IDEX in a research report on Thursday, February 5th. Finally, Citigroup increased their target price on shares of IDEX from $202.00 to $243.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, IDEX presently has an average rating of “Moderate Buy” and a consensus target price of $228.22.

IDEX Price Performance

Shares of NYSE:IEX opened at $214.50 on Wednesday. The firm has a market capitalization of $16.06 billion, a PE ratio of 33.46, a P/E/G ratio of 2.12 and a beta of 1.00. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $188.06 and a two-hundred day moving average price of $173.51. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $217.15.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.06. IDEX had a net margin of 13.98% and a return on equity of 15.03%. The company had revenue of $899.10 million for the quarter, compared to analysts’ expectations of $882.00 million. During the same period in the prior year, the company posted $2.04 EPS. IDEX’s revenue was up 4.2% compared to the same quarter last year. IDEX has set its Q1 2026 guidance at 1.730-1.780 EPS and its FY 2026 guidance at 8.150-8.35 EPS. Equities analysts forecast that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were given a $0.71 dividend. The ex-dividend date was Friday, January 16th. This represents a $2.84 annualized dividend and a dividend yield of 1.3%. IDEX’s payout ratio is 44.31%.

IDEX Company 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.