CIBC Asset Management Inc Acquires 7,162 Shares of IDEX Corporation $IEX

CIBC Asset Management Inc boosted its holdings in shares of IDEX Corporation (NYSE:IEX) by 68.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,673 shares of the industrial products company’s stock after acquiring an additional 7,162 shares during the period. CIBC Asset Management Inc’s holdings in IDEX were worth $3,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Empowered Funds LLC grew its holdings in IDEX by 3.4% during the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after acquiring an additional 54 shares in the last quarter. Cromwell Holdings LLC grew its holdings in IDEX by 41.1% during the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 58 shares in the last quarter. Bessemer Group Inc. grew its holdings in IDEX by 16.6% during the 3rd quarter. Bessemer Group Inc. now owns 577 shares of the industrial products company’s stock worth $94,000 after acquiring an additional 82 shares in the last quarter. Bartlett & CO. Wealth Management LLC grew its holdings in IDEX by 1.9% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 4,661 shares of the industrial products company’s stock worth $829,000 after acquiring an additional 85 shares in the last quarter. Finally, Sierra Legacy Group grew its holdings in IDEX by 1.7% during the 4th quarter. Sierra Legacy Group now owns 5,458 shares of the industrial products company’s stock worth $971,000 after acquiring an additional 90 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors.

Insider Transactions at IDEX

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the company’s stock in a transaction that occurred on 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 owned 66,658 shares in the company, valued at approximately $14,346,134.76. This represents a 18.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

IDEX Stock Up 0.1%

IEX stock opened at $215.48 on Monday. The firm has a 50 day moving average of $205.49 and a 200 day moving average of $195.55. The stock has a market capitalization of $15.95 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 52 week low of $157.25 and a 52 week high of $223.85.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, beating 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 business had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. During the same quarter in the prior year, the business posted $1.75 EPS. IDEX’s revenue for the quarter was up 8.9% compared to the same quarter last year. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. Sell-side analysts forecast that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, May 22nd. This is a positive change from IDEX’s previous quarterly dividend of $0.71. IDEX’s dividend payout ratio (DPR) is currently 43.20%.

Analyst Ratings Changes

Several research analysts have issued reports on IEX shares. BMO Capital Markets started coverage on shares of IDEX in a report on Friday, March 27th. They set a “market perform” rating and a $214.00 target price on the stock. Seaport Research Partners reiterated a “buy” rating and set a $250.00 target price on shares of IDEX in a report on Tuesday, May 5th. Citigroup increased 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. TD Cowen lifted their price objective on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their price objective on shares of IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.11.

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.