Pictet Asset Management Holding SA Purchases 240,869 Shares of IDEX Corporation $IEX

Pictet Asset Management Holding SA grew its position in IDEX Corporation (NYSE:IEX) by 58.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 651,929 shares of the industrial products company’s stock after buying an additional 240,869 shares during the period. Pictet Asset Management Holding SA’s holdings in IDEX were worth $123,556,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IEX. Union Bancaire Privee UBP SA purchased a new stake in shares of IDEX during the first quarter valued at approximately $50,000. GHP Investment Advisors Inc. raised its holdings in IDEX by 0.7% in the 1st quarter. GHP Investment Advisors Inc. now owns 16,444 shares of the industrial products company’s stock worth $3,117,000 after acquiring an additional 122 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in IDEX in the 1st quarter worth approximately $720,000. Kestra Private Wealth Services LLC bought a new position in IDEX in the 1st quarter valued at approximately $509,000. Finally, OP Asset Management Ltd bought a new position in IDEX in the 1st quarter valued at approximately $1,559,000. Institutional investors own 97.96% of the company’s stock.

Insider Transactions at IDEX

In other IDEX 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 transaction of $3,311,159.70. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

IDEX Price Performance

Shares of IEX opened at $227.20 on Monday. The firm has a fifty day simple moving average of $213.96 and a two-hundred day simple moving average of $200.86. The firm has a market cap of $16.82 billion, a PE ratio of 33.61, a P/E/G ratio of 2.23 and a beta of 1.00. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 1-year low of $157.25 and a 1-year high of $230.18.

IDEX (NYSE:IEX) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) 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 firm had revenue of $886.90 million for the quarter, compared to the consensus estimate of $845.58 million. During the same period last year, the business posted $1.75 EPS. The company’s revenue for the quarter 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. On average, equities analysts anticipate that IDEX Corporation will post 8.49 EPS for the current year.

IDEX Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have commented on the company. Stifel Nicolaus set a $250.00 target price on IDEX in a report on Thursday, April 30th. Citigroup upped their price target on IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Royal Bank Of Canada increased their price objective on IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Oppenheimer reiterated an “outperform” rating and issued a $250.00 price objective (up from $242.00) on shares of IDEX in a report on Tuesday, June 2nd. Finally, TD Cowen boosted their target price on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.