Fifth Third Bancorp Has $3 Million Stock Holdings in IDEX Corporation $IEX

Fifth Third Bancorp lifted its position in shares of IDEX Corporation (NYSE:IEX) by 400.1% in the first quarter, HoldingsChannel reports. The fund owned 15,849 shares of the industrial products company’s stock after buying an additional 12,680 shares during the period. Fifth Third Bancorp’s holdings in IDEX were worth $3,004,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Empowered Funds LLC raised 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 purchasing an additional 54 shares during the last quarter. Cromwell Holdings LLC grew its position in shares of 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 buying an additional 58 shares during the period. Evolve Private Wealth LLC grew its position in shares of IDEX by 2.8% during the 1st quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock worth $403,000 after buying an additional 58 shares during the period. Mackenzie Financial Corp raised its stake in shares of IDEX by 2.8% during the fourth quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company’s stock worth $458,000 after buying an additional 70 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its stake in IDEX by 104.1% in the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Stock Performance

IEX stock opened at $221.09 on Tuesday. The business’s 50-day moving average price is $218.25 and its two-hundred day moving average price is $205.91. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. The firm has a market cap of $16.36 billion, a PE ratio of 32.71, a P/E/G ratio of 2.21 and a beta of 0.98. IDEX Corporation has a 1-year low of $157.25 and a 1-year high of $231.70.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.22. The firm had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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, research analysts forecast that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Monday, July 6th will be given a $0.73 dividend. 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 payout ratio is currently 43.20%.

Insider Transactions at IDEX

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the business’s 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. The trade was a 18.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. 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 for the company. Stifel Nicolaus upped their price objective on IDEX from $250.00 to $257.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings upgraded IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Oppenheimer reaffirmed 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. Finally, Robert W. Baird set a $257.00 price target on shares of IDEX in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $242.89.

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.