SEB Asset Management AB Purchases Shares of 15,062 IDEX Corporation $IEX

SEB Asset Management AB bought a new stake in IDEX Corporation (NYSE:IEX) during the first quarter, HoldingsChannel reports. The fund bought 15,062 shares of the industrial products company’s stock, valued at approximately $2,855,000.

A number of other institutional investors have also modified their holdings of IEX. Primecap Management Co. CA lifted its stake in shares of IDEX by 86.5% in the 4th quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock valued at $574,174,000 after purchasing an additional 1,496,207 shares during the period. State Street Corp increased its stake in IDEX by 0.6% during the 4th quarter. State Street Corp now owns 3,172,410 shares of the industrial products company’s stock worth $564,499,000 after buying an additional 17,668 shares in the last quarter. Geode Capital Management LLC increased its position in shares of IDEX by 0.4% during 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 purchasing an additional 7,844 shares in the last quarter. Van ECK Associates Corp raised its position in shares of IDEX by 3.3% in the fourth quarter. Van ECK Associates Corp now owns 1,976,856 shares of the industrial products company’s stock valued at $351,762,000 after buying an additional 63,699 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in IDEX by 16.1% in the 3rd quarter. Invesco Ltd. now owns 1,809,788 shares of the industrial products company’s stock worth $294,561,000 after purchasing an additional 250,447 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Trading Down 0.5%

NYSE:IEX opened at $222.07 on Friday. The firm has a market cap of $16.44 billion, a P/E ratio of 32.85, a PEG ratio of 2.19 and a beta of 0.98. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 12-month low of $157.25 and a 12-month high of $231.70. The stock’s 50 day simple moving average is $218.84 and its 200-day simple moving average is $206.84.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.78 by $0.22. The company had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $1.75 EPS. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. Equities analysts anticipate that IDEX Corporation will post 8.48 EPS for the current year.

IDEX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, July 6th will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, July 6th. IDEX’s payout ratio is presently 43.20%.

Insider Buying and Selling

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the company’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

IEX has been the topic of several analyst reports. Weiss Ratings upgraded IDEX from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Seaport Research Partners reissued a “buy” rating and set a $250.00 target price on shares of IDEX in a research note on Tuesday, May 5th. Citigroup upped their price objective on IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. TD Cowen raised their target price on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, BMO Capital Markets assumed coverage on shares of IDEX in a report on Friday, March 27th. They set a “market perform” rating and a $214.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, IDEX currently has an average rating of “Moderate Buy” and a consensus price target of $244.00.

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.