444,906 Shares in IDEX Corporation $IEX Purchased by Legal & General Group Plc

Legal & General Group Plc acquired a new position in IDEX Corporation (NYSE:IEX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 444,906 shares of the industrial products company’s stock, valued at approximately $100,971,000. Legal & General Group Plc owned approximately 0.60% of IDEX as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of IEX. Laurel Wealth Advisors LLC bought a new position in shares of IDEX in the fourth quarter valued at approximately $27,000. Optiver Holding B.V. purchased a new position in IDEX in the first quarter worth $27,000. SJS Investment Consulting Inc. boosted its position in IDEX by 104.1% in the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 76 shares during the last quarter. Quantbot Technologies LP bought a new position in IDEX in the 2nd quarter valued at $33,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of IDEX during the 2nd quarter valued at $35,000. Institutional investors own 97.96% of the company’s stock.

IDEX News Roundup

Here are the key news stories impacting IDEX this week:

• Positive Sentiment: Zacks Research raised several EPS estimates, including forecasts for fiscal 2026, fiscal 2027, fiscal 2028, Q4 2026, Q1 2027, Q4 2027, Q1 2028 and Q2 2028. The fiscal 2028 estimate increased to $10.54 from $10.45, while the fiscal 2027 forecast rose to $9.26 from $9.21, signaling improving longer-term earnings expectations.
• Positive Sentiment: Analysts remain cautiously optimistic about IDEX’s prospects, and the company has outperformed the broader market over the past year. The latest consensus forecast calls for approximately $8.82 in current-year EPS, compared with the company’s guidance range of $8.70 to $8.85. Are Wall Street Analysts Predicting IDEX Stock Will Climb or Sink?
• Neutral Sentiment: The stock is trading near its 52-week high and above both its 50-day and 200-day moving averages, reflecting strong momentum. However, its price-to-earnings ratio of about 33.7 suggests investors are already paying a premium for expected growth, which may limit additional gains without further earnings upgrades.
• Negative Sentiment: Zacks Research slightly reduced its Q3 2026 EPS forecast to $2.19 from $2.20. Although the change is minor and remains close to the broader outlook, it provides a modest near-term headwind and may contribute to investor caution.

Wall Street Analyst Weigh In

IEX has been the topic of a number of research analyst reports. Argus boosted their price target on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Royal Bank Of Canada boosted their target price on shares of IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Citigroup increased their target price on shares of IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Stifel Nicolaus raised their price target on shares of IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, DA Davidson lifted their price target on shares of IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, IDEX presently has a consensus rating of “Moderate Buy” and an average target price of $260.80.

IDEX Price Performance

NYSE IEX opened at $234.00 on Friday. The company has a market cap of $17.25 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 2.22 and a beta of 0.98. IDEX Corporation has a 52 week low of $158.19 and a 52 week high of $243.80. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The firm’s 50-day simple moving average is $228.63 and its two-hundred day simple moving average is $213.63.

IDEX (NYSE:IEX) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The firm had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. During the same quarter last year, the business earned $2.07 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Research analysts predict that IDEX Corporation will post 8.82 earnings per share for the current year.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were issued 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 1.2%. IDEX’s dividend payout ratio (DPR) is 42.01%.

Insiders Place Their Bets

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total transaction of $91,857.15. Following the sale, the chief accounting officer owned 4,327 shares of the company’s stock, valued at $1,032,378.93. The trade was a 8.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.50% of the company’s stock.

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.