Fjarde AP Fonden Fourth Swedish National Pension Fund Cuts Stake in IDEX Corporation $IEX

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in shares of IDEX Corporation (NYSE:IEX) by 15.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,307 shares of the industrial products company’s stock after selling 5,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in IDEX were worth $5,571,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its stake in IDEX by 3.4% in the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after purchasing an additional 54 shares during the last quarter. Cromwell Holdings LLC grew its stake in IDEX by 41.1% in the fourth quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 58 shares during the last quarter. Bessemer Group Inc. grew its stake in IDEX by 16.6% in the third quarter. Bessemer Group Inc. now owns 577 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 82 shares during the last quarter. Bartlett & CO. Wealth Management LLC grew its stake in IDEX by 1.9% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 4,661 shares of the industrial products company’s stock valued at $829,000 after purchasing an additional 85 shares during the last quarter. Finally, Sierra Legacy Group grew its stake in IDEX by 1.7% in the fourth quarter. Sierra Legacy Group now owns 5,458 shares of the industrial products company’s stock valued at $971,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

Shares of IEX stock opened at $215.48 on Monday. IDEX Corporation has a fifty-two week low of $157.25 and a fifty-two week high of $223.85. The firm has a market capitalization of $15.95 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 2.11 and a beta of 1.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. The stock’s 50-day simple moving average is $205.49 and its 200-day simple moving average is $195.55.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The business had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. During the same quarter in the previous year, the firm earned $1.75 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. 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, equities analysts forecast that IDEX Corporation will post 8.49 earnings per share for the current fiscal year.

IDEX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.73 per share. The ex-dividend date was Friday, May 22nd. This is a positive change from IDEX’s previous quarterly dividend of $0.71. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. IDEX’s payout ratio is presently 43.20%.

Insider Activity at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

IEX has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of IDEX in a research note on Monday, April 20th. BMO Capital Markets initiated coverage on IDEX in a research note on Friday, March 27th. They issued a “market perform” rating and a $214.00 target price on the stock. Royal Bank Of Canada lifted their target price on IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. TD Cowen lifted 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, Robert W. Baird set a $257.00 target price on IDEX in a research note on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, IDEX presently has a consensus rating of “Moderate Buy” and an average price target of $241.11.

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.