IDEX Corporation $IEX Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of IDEX Corporation (NYSE:IEX) by 5.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 159,997 shares of the industrial products company’s stock after selling 9,118 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in IDEX were worth $30,327,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC bought a new position in IDEX during the 4th quarter valued at $26,000. Laurel Wealth Advisors LLC acquired a new position in shares of IDEX during the 4th quarter valued at $27,000. SJS Investment Consulting Inc. raised its stake in shares of IDEX by 104.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock worth $28,000 after buying an additional 76 shares in the last quarter. Cromwell Holdings LLC lifted its holdings in shares of IDEX by 41.1% in the fourth quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock valued at $35,000 after buying an additional 58 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of IDEX in the second quarter valued at $35,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Stock Down 0.3%

IEX stock opened at $221.43 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40. The firm has a market capitalization of $16.39 billion, a P/E ratio of 32.76, a P/E/G ratio of 2.18 and a beta of 0.98. IDEX Corporation has a 52-week low of $157.25 and a 52-week high of $230.18. The company’s 50 day simple moving average is $217.42 and its 200-day simple moving average is $204.35.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The firm had revenue of $886.90 million during the quarter, compared to analyst estimates of $845.58 million. During the same quarter last year, the business posted $1.75 EPS. The company’s revenue was up 8.9% on a year-over-year basis. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. As a group, equities research analysts anticipate that IDEX Corporation will post 8.49 EPS for the current year.

IDEX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 6th will be given a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, July 6th. IDEX’s dividend payout ratio (DPR) is 43.20%.

Insider Buying and Selling at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction on Monday, May 11th. The stock was sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the transaction, the chief executive officer owned 66,658 shares in the company, valued at approximately $14,346,134.76. The trade was a 18.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on IEX shares. Stifel Nicolaus set a $250.00 target price on IDEX in a research note on Thursday, April 30th. Oppenheimer reissued an “outperform” rating and issued a $250.00 price target (up from $242.00) on shares of IDEX in a report on Tuesday, June 2nd. TD Cowen raised their price objective on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings raised shares of IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Finally, Citigroup boosted their target price on shares of IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $241.11.

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.