Groupama Asset Managment Buys Shares of 4,310 IDEX Corporation $IEX

Groupama Asset Managment purchased a new position in IDEX Corporation (NYSE:IEX) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,310 shares of the industrial products company’s stock, valued at approximately $817,000.

Other hedge funds also recently made changes to their positions in the company. Primecap Management Co. CA lifted its holdings in IDEX by 86.5% during the 4th quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock worth $574,174,000 after purchasing an additional 1,496,207 shares in the last quarter. State Street Corp grew its holdings in IDEX by 0.6% during the 4th quarter. State Street Corp now owns 3,172,410 shares of the industrial products company’s stock valued at $564,499,000 after buying an additional 17,668 shares in the last quarter. Geode Capital Management LLC increased its position in shares of IDEX by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock valued at $360,740,000 after buying an additional 7,844 shares during the period. Van ECK Associates Corp lifted its holdings in shares of IDEX by 3.3% in the fourth quarter. Van ECK Associates Corp now owns 1,976,856 shares of the industrial products company’s stock worth $351,762,000 after buying an additional 63,699 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of IDEX by 16.1% in the third quarter. Invesco Ltd. now owns 1,809,788 shares of the industrial products company’s stock worth $294,561,000 after buying an additional 250,447 shares in the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

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 shares were sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the transaction, the chief executive officer directly owned 66,658 shares in the company, valued at $14,346,134.76. This trade represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

IEX has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a research note on Thursday. Weiss Ratings upgraded shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Stifel Nicolaus raised their price target on shares of IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a report on Thursday. TD Cowen boosted their price target on shares of IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $265.00 price objective on shares of IDEX in a research report on Thursday. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $251.44.

IDEX Stock Down 1.3%

IEX opened at $230.70 on Friday. The business’s fifty day simple moving average is $221.26 and its 200 day simple moving average is $208.55. IDEX Corporation has a 52 week low of $157.25 and a 52 week high of $243.80. The company has a quick ratio of 2.40, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The stock has a market cap of $17.01 billion, a PE ratio of 33.19, a P/E/G ratio of 2.18 and a beta of 0.98.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.21. The firm had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.07 earnings per share. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. As a group, research analysts expect that IDEX Corporation will post 8.85 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were paid a $0.73 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 annualized dividend and a yield of 1.3%. IDEX’s dividend payout ratio is currently 42.01%.

About IDEX

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.