Eurizon Capital SGR S.p.A. Acquires New Stake in IDEX Corporation $IEX

Eurizon Capital SGR S.p.A. acquired a new stake in shares of IDEX Corporation (NYSE:IEX) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 55,582 shares of the industrial products company’s stock, valued at approximately $9,892,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IEX. GoalVest Advisory LLC bought a new position in IDEX during the 4th quarter valued at approximately $26,000. Laurel Wealth Advisors LLC bought a new position in IDEX during the 4th quarter valued at approximately $27,000. UMB Bank n.a. increased its position in IDEX by 61.0% during the 3rd quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock valued at $32,000 after buying an additional 75 shares in the last quarter. Cromwell Holdings LLC increased its position in IDEX by 41.1% during the 4th 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 in the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in IDEX during the 2nd quarter valued at approximately $35,000. Institutional investors own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IEX. Citigroup raised their price objective on IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. BMO Capital Markets started coverage on IDEX in a report on Friday, March 27th. They issued a “market perform” rating and a $214.00 target price for the company. DA Davidson lifted their target price on IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Seaport Research Partners reissued a “buy” rating and issued a $250.00 target price on shares of IDEX in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada lifted their target price on IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Six equities research 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 has an average rating of “Moderate Buy” and an average target price of $240.22.

Insider Activity

In other news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $215.22, for a total value of $3,311,159.70. Following the transaction, the chief executive officer directly owned 66,658 shares in the company, valued at $14,346,134.76. This trade represents a 18.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by company insiders.

IDEX Stock Up 0.2%

IDEX stock opened at $211.15 on Monday. The firm has a market cap of $15.63 billion, a price-to-earnings ratio of 31.24, a PEG ratio of 2.07 and a beta of 1.00. The stock has a fifty day simple moving average of $203.05 and a two-hundred day simple moving average of $193.90. IDEX Corporation has a 12 month low of $157.25 and a 12 month high of $223.85. 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 (NYSE:IEX) last posted its earnings results 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. The business had revenue of $886.90 million during the quarter, compared to analyst estimates of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the company 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 predict that IDEX Corporation will post 8.49 EPS for the current fiscal year.

IDEX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be paid a $0.73 dividend. This is an increase from IDEX’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. IDEX’s dividend payout ratio (DPR) is 43.20%.

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.