AEGON ASSET MANAGEMENT UK Plc Has $14.73 Million Stock Holdings in IDEX Corporation $IEX

AEGON ASSET MANAGEMENT UK Plc boosted its position in IDEX Corporation (NYSE:IEX) by 27.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,732 shares of the industrial products company’s stock after acquiring an additional 16,703 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in IDEX were worth $14,734,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Primecap Management Co. CA lifted 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 buying an additional 1,496,207 shares during the last quarter. Dodge & Cox grew its position 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 bought a new position in IDEX in the fourth quarter valued at about $162,788,000. Millennium Management LLC raised its stake 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, Balyasny Asset Management L.P. raised its stake in IDEX by 35,817.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 720,142 shares of the industrial products company’s stock worth $128,142,000 after acquiring an additional 718,137 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IEX. Oppenheimer restated an “outperform” rating and issued a $250.00 price target (up from $242.00) on shares of IDEX in a research note on Tuesday, June 2nd. TD Cowen upped 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. Citigroup increased their price objective on shares of IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada raised their target price on shares of IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Finally, BMO Capital Markets began coverage on shares of IDEX in a research note on Friday, March 27th. They set a “market perform” rating and a $214.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.11.

IDEX Stock Up 0.4%

NYSE:IEX opened at $225.85 on Friday. IDEX Corporation has a one year low of $157.25 and a one year high of $228.26. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40. The company has a market cap of $16.72 billion, a PE ratio of 33.41, a P/E/G ratio of 2.21 and a beta of 1.00. The firm’s 50 day simple moving average is $211.67 and its 200 day simple moving average is $199.01.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.22. The firm 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 company’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $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. On average, research analysts anticipate that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Announces Dividend

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

Insiders Place Their Bets

In related 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 transaction of $3,311,159.70. Following the completion of the transaction, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at $14,346,134.76. This trade represents a 18.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by insiders.

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.