IDEX Corporation $IEX Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its stake in IDEX Corporation (NYSE:IEX) by 6.7% in the first quarter, Holdings Channel reports. The fund owned 154,528 shares of the industrial products company’s stock after selling 11,067 shares during the quarter. California Public Employees Retirement System’s holdings in IDEX were worth $29,291,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in IEX. Deprince Race & Zollo Inc. increased its stake 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 buying an additional 14,952 shares during the period. Assenagon Asset Management S.A. boosted its position in IDEX by 13.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 62,606 shares of the industrial products company’s stock valued at $11,140,000 after buying an additional 7,559 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in 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 last quarter. SG Americas Securities LLC grew its stake in shares of IDEX by 2,690.4% during the fourth quarter. SG Americas Securities LLC now owns 32,508 shares of the industrial products company’s stock valued at $5,784,000 after acquiring an additional 31,343 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft grew its stake in shares of IDEX by 27.5% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 27,809 shares of the industrial products company’s stock valued at $4,948,000 after acquiring an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

Shares of IEX stock opened at $221.22 on Wednesday. The firm has a fifty day moving average of $218.40 and a two-hundred day moving average of $206.22. The firm has a market cap of $16.37 billion, a P/E ratio of 32.73, a P/E/G ratio of 2.17 and a beta of 0.98. IDEX Corporation has a 1-year low of $157.25 and a 1-year high of $231.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40.

IDEX (NYSE:IEX) last issued its 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. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. 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, research analysts anticipate that IDEX Corporation will post 8.49 earnings per share for the current fiscal year.

IDEX Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Seaport Research Partners reiterated a “buy” rating and issued a $250.00 price target on shares of IDEX in a research note on Tuesday, May 5th. Oppenheimer raised their price objective on IDEX from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday. TD Cowen lifted their price objective on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Robert W. Baird set a $257.00 target price on IDEX in a research report on Thursday, April 30th. Finally, BMO Capital Markets began coverage on IDEX in a research note on Friday, March 27th. They set a “market perform” rating and a $214.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $244.00.

Insider Transactions at IDEX

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.