Mitsubishi UFJ Asset Management Co. Ltd. Buys New Shares in IDEX Corporation $IEX

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of IDEX Corporation (NYSE:IEX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 180,901 shares of the industrial products company’s stock, valued at approximately $41,055,000.

Several other large investors have also recently bought and sold shares of IEX. Primecap Management Co. CA increased its position in shares of IDEX by 86.5% during the 4th quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock worth $574,174,000 after purchasing an additional 1,496,207 shares during the last quarter. Dodge & Cox boosted its holdings in shares of IDEX by 266.7% in the 4th quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company’s stock valued at $224,658,000 after buying an additional 918,208 shares during the last quarter. Norges Bank acquired a new stake in shares of IDEX in the 4th quarter valued at approximately $162,788,000. Millennium Management LLC raised its position in IDEX by 293.6% during the fourth quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company’s stock worth $189,286,000 after acquiring an additional 793,530 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in IDEX by 215.0% in the first quarter. Bank of America Corp DE now owns 1,094,101 shares of the industrial products company’s stock valued at $207,387,000 after acquiring an additional 746,732 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Stock Performance

IEX opened at $234.34 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. The business has a fifty day simple moving average of $227.22 and a 200 day simple moving average of $212.47. IDEX Corporation has a 1 year low of $158.19 and a 1 year high of $243.80. The company has a market capitalization of $17.28 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The firm had revenue of $920.60 million for the quarter, compared to analysts’ expectations of $905.38 million. During the same quarter last year, the business earned $2.07 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. 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 expect that IDEX Corporation will post 8.84 EPS for the current year.

IDEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, July 6th. IDEX’s dividend payout ratio (DPR) is currently 42.01%.

Insider Buying and Selling

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of IDEX stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total value of $91,857.15. Following the completion of the sale, the chief accounting officer owned 4,327 shares in the company, valued at $1,032,378.93. The trade was a 8.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. DA Davidson lifted their price objective on shares of IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Argus lifted their price target on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Robert W. Baird set a $257.00 price objective on IDEX in a research note on Thursday, April 30th. Finally, Citigroup lifted their target price on IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $260.80.

IDEX 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.