Louisiana State Employees Retirement System Takes $720,000 Position in IDEX Corporation $IEX

Louisiana State Employees Retirement System acquired a new stake in shares of IDEX Corporation (NYSE:IEX) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,800 shares of the industrial products company’s stock, valued at approximately $720,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its stake in shares of IDEX by 3.4% in the 1st 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. EverSource Wealth Advisors LLC raised its holdings in IDEX by 41.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,043 shares of the industrial products company’s stock valued at $183,000 after buying an additional 304 shares in the last quarter. Cresset Asset Management LLC acquired a new stake in shares of IDEX in the second quarter worth about $219,000. Cerity Partners LLC raised its position in shares of IDEX by 23.9% in the second quarter. Cerity Partners LLC now owns 18,658 shares of the industrial products company’s stock valued at $3,276,000 after purchasing an additional 3,604 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of IDEX by 4.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 13,513 shares of the industrial products company’s stock worth $2,373,000 after acquiring an additional 518 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Oppenheimer restated an “outperform” rating and issued a $250.00 price target (up from $242.00) on shares of IDEX in a research report on Tuesday, June 2nd. Citigroup boosted their price objective on shares of IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. BMO Capital Markets began coverage on shares of IDEX in a report on Friday, March 27th. They issued a “market perform” rating and a $214.00 target price on the stock. TD Cowen boosted their price objective on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird set a $257.00 price target on IDEX in a research report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, IDEX has a consensus rating of “Moderate Buy” and an average target price of $241.11.

IDEX Price Performance

NYSE:IEX traded down $4.71 during trading hours on Tuesday, reaching $219.75. 10,479 shares of the company were exchanged, compared to its average volume of 775,451. The company has a market capitalization of $16.26 billion, a P/E ratio of 32.58, a P/E/G ratio of 2.20 and a beta of 0.98. 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 business has a 50 day moving average of $216.41 and a 200 day moving average of $202.87. IDEX Corporation has a 1-year low of $157.25 and a 1-year high of $230.18.

IDEX (NYSE:IEX) last issued its quarterly earnings results 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 company had revenue of $886.90 million for the quarter, compared to analysts’ expectations of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.IDEX’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $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. Research analysts forecast that IDEX Corporation will post 8.49 EPS for the current year.

IDEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Monday, July 6th will be issued a dividend of $0.73 per share. 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 43.20%.

Insider Buying and Selling

In other 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 sale, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. This trade represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

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.