OP Asset Management Ltd Makes New Investment in IDEX Corporation $IEX

OP Asset Management Ltd bought a new position in shares of IDEX Corporation (NYSE:IEX) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 8,224 shares of the industrial products company’s stock, valued at approximately $1,559,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its stake in IDEX by 114.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 134,299 shares of the industrial products company’s stock worth $25,456,000 after acquiring an additional 71,693 shares during the last quarter. SG Americas Securities LLC increased its stake in IDEX by 4.4% in the first quarter. SG Americas Securities LLC now owns 33,928 shares of the industrial products company’s stock valued at $6,431,000 after purchasing an additional 1,420 shares in the last quarter. Evolve Private Wealth LLC increased its stake in IDEX by 2.8% in the first quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock valued at $403,000 after purchasing an additional 58 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc raised its holdings in IDEX by 27.4% in the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 77,732 shares of the industrial products company’s stock worth $14,734,000 after purchasing an additional 16,703 shares during the period. Finally, Osbon Capital Management LLC acquired a new stake in IDEX in the fourth quarter worth $91,000. 97.96% of the stock is owned by institutional investors.

IDEX Stock Up 0.0%

IDEX stock opened at $227.20 on Monday. The stock has a market capitalization of $16.82 billion, a PE ratio of 33.61, a price-to-earnings-growth ratio of 2.23 and a beta of 1.00. IDEX Corporation has a twelve month low of $157.25 and a twelve month high of $230.18. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $213.96 and a 200-day moving average of $200.86.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. The business 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 firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the business 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. On average, equities research analysts anticipate that IDEX Corporation will post 8.49 EPS for the current fiscal year.

IDEX Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IEX. Citigroup boosted their price target on shares of IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a report on Thursday, April 30th. BMO Capital Markets started coverage on IDEX in a research note on Friday, March 27th. They set a “market perform” rating and a $214.00 price objective on the stock. Robert W. Baird set a $257.00 target price on IDEX in a report on Thursday, April 30th. TD Cowen boosted their target price on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Oppenheimer restated 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. Six 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $241.11.

Insider Activity

In other news, CEO Eric D. Ashleman sold 15,385 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was 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 in the company, valued at $14,346,134.76. The trade was a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is owned by corporate 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.