Assenagon Asset Management S.A. Grows Position in IDEX Corporation $IEX

Assenagon Asset Management S.A. boosted its holdings in shares of IDEX Corporation (NYSE:IEX) by 114.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 134,299 shares of the industrial products company’s stock after purchasing an additional 71,693 shares during the period. Assenagon Asset Management S.A.’s holdings in IDEX were worth $25,456,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Numerai GP LLC raised its holdings in IDEX by 19.4% during the third quarter. Numerai GP LLC now owns 62,313 shares of the industrial products company’s stock worth $10,142,000 after purchasing an additional 10,114 shares in the last quarter. Sienna Gestion acquired a new position in IDEX during the 3rd quarter worth approximately $6,686,000. Deprince Race & Zollo Inc. increased its position in IDEX by 4.3% during the 4th quarter. Deprince Race & Zollo Inc. now owns 359,152 shares of the industrial products company’s stock worth $63,908,000 after purchasing an additional 14,952 shares during the period. WINTON GROUP Ltd purchased a new position in shares of IDEX during the 3rd quarter worth approximately $4,782,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of IDEX by 4.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 160,520 shares of the industrial products company’s stock valued at $28,743,000 after buying an additional 6,901 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IEX has been the topic of a number of analyst reports. Weiss Ratings upgraded IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. BMO Capital Markets assumed coverage on shares of IDEX in a research report on Friday, March 27th. They issued a “market perform” rating and a $214.00 price objective on the stock. Stifel Nicolaus set a $250.00 target price on shares of IDEX in a research report on Thursday, April 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $250.00 price target (up from $242.00) on shares of IDEX in a report on Tuesday, June 2nd. Finally, Citigroup raised their price objective on shares of IDEX from $243.00 to $252.00 and gave the stock a “buy” 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.11.

Insider Buying and Selling at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of the firm’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 value of $3,311,159.70. Following the sale, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. This trade represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by insiders.

IDEX Stock Down 0.4%

IEX stock opened at $227.20 on Friday. IDEX Corporation has a one year low of $157.25 and a one year high of $230.18. The stock has a market capitalization of $16.82 billion, a P/E ratio of 33.61, a PEG ratio of 2.24 and a beta of 1.00. The company has a 50 day moving average price of $213.96 and a two-hundred day moving average price of $200.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.22. The business had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 earnings per share. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. As a group, sell-side analysts expect that IDEX Corporation will post 8.49 EPS for the current year.

IDEX Announces Dividend

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