Mitsubishi UFJ Asset Management Co. Ltd. Buys 6,901 Shares of IDEX Corporation $IEX

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in IDEX Corporation (NYSE:IEX) by 4.5% in the 4th quarter, Holdings Channel reports. The firm owned 160,520 shares of the industrial products company’s stock after purchasing an additional 6,901 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in IDEX were worth $28,743,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP raised its holdings in IDEX by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 6,477,929 shares of the industrial products company’s stock worth $1,054,348,000 after purchasing an additional 211,696 shares in the last quarter. State Street Corp raised its holdings in IDEX by 1.8% in the 3rd quarter. State Street Corp now owns 3,154,742 shares of the industrial products company’s stock worth $513,466,000 after purchasing an additional 54,990 shares in the last quarter. Nordea Investment Management AB raised its holdings in IDEX by 193.6% in the 3rd quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock worth $382,049,000 after purchasing an additional 1,559,124 shares in the last quarter. Van ECK Associates Corp raised its holdings in IDEX by 8.3% in the 3rd quarter. Van ECK Associates Corp now owns 1,913,157 shares of the industrial products company’s stock worth $311,385,000 after purchasing an additional 146,618 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in IDEX by 16.1% in the 3rd quarter. Invesco Ltd. now owns 1,809,788 shares of the industrial products company’s stock worth $294,561,000 after purchasing an additional 250,447 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IEX has been the subject of several research reports. 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 report on Thursday, April 30th. Seaport Research Partners restated a “buy” rating and issued a $250.00 price objective on shares of IDEX in a report on Tuesday. Stifel Nicolaus set a $250.00 price target on shares of IDEX in a research note on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of IDEX in a research note on Monday, April 20th. Finally, Argus upgraded shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 price target for the company in a research note on Friday, February 6th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, IDEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.70.

IDEX Stock Up 0.9%

Shares of IDEX stock opened at $216.77 on Friday. 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 50-day moving average of $199.52 and a 200 day moving average of $189.20. The firm has a market cap of $16.04 billion, a price-to-earnings ratio of 32.07, a PEG ratio of 2.13 and a beta of 1.02. IDEX Corporation has a 1 year low of $157.25 and a 1 year 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, topping the consensus estimate of $1.78 by $0.22. The company had revenue of $886.90 million during 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%. IDEX’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $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. As a group, sell-side analysts anticipate that IDEX Corporation will post 8.5 earnings per share for the current fiscal year.

IDEX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.73 per share. The ex-dividend date is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. This is an increase from IDEX’s previous quarterly dividend of $0.71. IDEX’s dividend payout ratio (DPR) is 42.01%.

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.