Van ECK Associates Corp Acquires 63,699 Shares of IDEX Corporation $IEX

Van ECK Associates Corp increased its holdings in IDEX Corporation (NYSE:IEX) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,976,856 shares of the industrial products company’s stock after purchasing an additional 63,699 shares during the quarter. Van ECK Associates Corp’s holdings in IDEX were worth $351,762,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Ieq Capital LLC bought a new stake in IDEX during the fourth quarter valued at $647,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in IDEX by 2.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 706,990 shares of the industrial products company’s stock valued at $125,802,000 after acquiring an additional 13,923 shares during the last quarter. Korea Investment CORP boosted its position in IDEX by 48.4% during the fourth quarter. Korea Investment CORP now owns 52,562 shares of the industrial products company’s stock valued at $9,353,000 after acquiring an additional 17,135 shares during the last quarter. Quadrant Capital Group LLC boosted its position in IDEX by 28.4% during the fourth quarter. Quadrant Capital Group LLC now owns 973 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 215 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec boosted its position in IDEX by 68.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 6,599 shares of the industrial products company’s stock valued at $1,174,000 after acquiring an additional 2,679 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

IEX stock opened at $218.12 on Friday. The stock has a market capitalization of $16.14 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 2.13 and a beta of 1.00. The company’s 50-day moving average is $208.47 and its 200-day moving average is $197.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40. IDEX Corporation has a 1 year low of $157.25 and a 1 year high of $223.94.

IDEX (NYSE:IEX) last released its quarterly earnings data 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 net margin of 14.38% and a return on equity of 15.29%. The company had revenue of $886.90 million for the quarter, compared to analysts’ expectations of $845.58 million. During the same quarter in the prior year, the firm earned $1.75 EPS. The business’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. Equities research analysts expect that IDEX Corporation will post 8.49 EPS for the current fiscal year.

IDEX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $0.73 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from IDEX’s previous quarterly dividend of $0.71. IDEX’s dividend payout ratio (DPR) is currently 43.20%.

Wall Street Analyst Weigh In

IEX has been the topic of a number of research analyst reports. Robert W. Baird set a $257.00 price target on shares of IDEX in a research report on Thursday, April 30th. Oppenheimer reaffirmed an “outperform” rating and set a $250.00 price target (up from $242.00) on shares of IDEX in a research report on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of IDEX in a research report on Monday, April 20th. Royal Bank Of Canada increased their price objective on shares of IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Finally, Citigroup increased 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. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $241.11.

Insider Buying and Selling at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $215.22, for a total value of $3,311,159.70. Following the sale, the chief executive officer owned 66,658 shares in the company, valued at $14,346,134.76. This represents a 18.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is owned by corporate insiders.

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.