Rockland Trust Co. Purchases New Shares in IDEX Corporation $IEX

Rockland Trust Co. purchased a new position in IDEX Corporation (NYSE:IEX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,443 shares of the industrial products company’s stock, valued at approximately $398,000.

Several other large investors have also recently modified their holdings of the business. Nordea Investment Management AB raised its position in shares of IDEX by 193.6% in the third quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock worth $382,049,000 after buying an additional 1,559,124 shares in the last quarter. Norges Bank bought a new position in IDEX during the 2nd quarter valued at approximately $156,009,000. Qube Research & Technologies Ltd lifted its position in shares of IDEX by 142.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 652,664 shares of the industrial products company’s stock worth $114,588,000 after purchasing an additional 383,221 shares during the period. Flossbach Von Storch SE boosted its position in shares of IDEX by 132.8% during the second quarter. Flossbach Von Storch SE now owns 640,792 shares of the industrial products company’s stock valued at $112,504,000 after purchasing an additional 365,525 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in IDEX by 635.4% in the second quarter. Squarepoint Ops LLC now owns 264,492 shares of the industrial products company’s stock worth $46,437,000 after purchasing an additional 228,525 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

Shares of IDEX stock opened at $214.50 on Wednesday. The firm 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. The business has a 50-day moving average price of $188.06 and a 200 day moving average price of $173.51. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $217.15.

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

IDEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 16th were given a $0.71 dividend. The ex-dividend date of this dividend was Friday, January 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.3%. IDEX’s dividend payout ratio is currently 44.31%.

Wall Street Analysts Forecast Growth

IEX has been the topic of a number of recent analyst reports. Robert W. Baird set a $247.00 price target on shares of IDEX in a report on Thursday, February 5th. Royal Bank Of Canada boosted their price target on shares of IDEX from $211.00 to $244.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. DA Davidson increased their price target on shares of IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Stifel Nicolaus raised their price target on IDEX from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Finally, Oppenheimer reissued an “outperform” rating and set a $230.00 price target on shares of IDEX in a research report on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, IDEX has an average rating of “Moderate Buy” and a consensus target price of $228.22.

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.