Impax Asset Management Group plc Sells 5,636 Shares of IDEX Corporation $IEX

Impax Asset Management Group plc lowered its stake in shares of IDEX Corporation (NYSE:IEX) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,960,819 shares of the industrial products company’s stock after selling 5,636 shares during the period. IDEX accounts for approximately 1.9% of Impax Asset Management Group plc’s portfolio, making the stock its 12th largest holding. Impax Asset Management Group plc owned 2.62% of IDEX worth $319,143,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Capital A Wealth Management LLC bought a new stake in shares of IDEX during the 2nd quarter valued at $28,000. Loomis Sayles & Co. L P purchased a new position in IDEX during the 2nd quarter valued at about $33,000. UMB Bank n.a. grew its holdings in IDEX by 61.0% during the 3rd quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock valued at $32,000 after buying an additional 75 shares in the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of IDEX during the second quarter valued at about $35,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of IDEX in the second quarter worth about $39,000. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IEX has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price objective on shares of IDEX from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Citigroup raised their price target on shares of IDEX from $202.00 to $243.00 and gave the company a “buy” rating in a report on Thursday, February 5th. TD Cowen boosted their price target on shares of IDEX from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Royal Bank Of Canada upped their price target on shares of IDEX from $211.00 to $244.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Finally, DA Davidson lifted their price objective on IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $228.22.

IDEX Stock Up 1.8%

IEX opened at $214.50 on Wednesday. The business’s fifty day simple moving average is $188.06 and its 200 day simple moving average is $173.51. IDEX Corporation has a 52 week low of $153.36 and a 52 week high of $217.15. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. The stock has a market cap of $16.06 billion, a PE ratio of 33.46, a P/E/G ratio of 2.12 and a beta of 1.00.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.06. The firm had revenue of $899.10 million during the quarter, compared to analyst estimates of $882.00 million. IDEX had a return on equity of 15.03% and a net margin of 13.98%.The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.04 earnings per share. IDEX has set its Q1 2026 guidance at 1.730-1.780 EPS and its FY 2026 guidance at 8.150-8.35 EPS. As a group, research analysts expect that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, January 16th. IDEX’s dividend payout ratio (DPR) is presently 44.31%.

IDEX 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.