Saudi Central Bank Has $1.18 Million Stock Position in IDEX Corporation $IEX

Saudi Central Bank boosted its position in shares of IDEX Corporation (NYSE:IEX) by 88.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,194 shares of the industrial products company’s stock after purchasing an additional 2,431 shares during the quarter. Saudi Central Bank’s holdings in IDEX were worth $1,179,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of IDEX during the second quarter worth approximately $1,301,393,000. Primecap Management Co. CA bought a new position in IDEX in the second quarter valued at approximately $748,951,000. Dodge & Cox boosted its stake in IDEX by 266.7% in the fourth quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company’s stock valued at $224,658,000 after acquiring an additional 918,208 shares during the last quarter. Norges Bank acquired a new stake in IDEX during the 4th quarter worth $162,788,000. Finally, Millennium Management LLC grew its holdings in IDEX by 293.6% during the 4th 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 during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Stock Up 0.8%

Shares of IEX stock opened at $225.56 on Wednesday. IDEX Corporation has a 1 year low of $158.19 and a 1 year high of $243.80. The firm has a market capitalization of $16.63 billion, a P/E ratio of 32.45, a PEG ratio of 2.54 and a beta of 0.98. 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’s fifty day moving average price is $228.64 and its two-hundred day moving average price is $214.50.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $905.38 million. During the same period in the prior year, the firm posted $2.07 earnings per share. The business’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. On average, equities analysts predict that IDEX Corporation will post 8.82 EPS for the current fiscal year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were issued a dividend of $0.73 per share. The ex-dividend date was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. IDEX’s dividend payout ratio (DPR) is presently 42.01%.

Insider Buying and Selling

In other IDEX news, CAO Lisa Anderson sold 385 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total transaction of $91,857.15. Following the transaction, the chief accounting officer owned 4,327 shares of the company’s stock, valued at $1,032,378.93. The trade was a 8.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

IEX has been the topic of several analyst reports. Mizuho raised IDEX from a “neutral” rating to an “outperform” rating and increased their target price for the company from $210.00 to $280.00 in a research note on Tuesday, August 11th. Argus boosted their target price on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $265.00 price target on shares of IDEX in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Finally, Vertical Research assumed coverage on shares of IDEX in a report on Tuesday. They set a “buy” rating and a $250.00 price objective for the company. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, IDEX currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.82.

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.