Groupama Asset Managment Purchases Shares of 4,310 IDEX Corporation $IEX

Groupama Asset Managment acquired a new stake in shares of IDEX Corporation (NYSE:IEX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,310 shares of the industrial products company’s stock, valued at approximately $817,000.

Other large investors have also recently modified their holdings of the company. Empowered Funds LLC grew its position in IDEX by 3.4% during the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after acquiring an additional 54 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in IDEX by 41.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,043 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 304 shares during the last quarter. Cresset Asset Management LLC bought a new stake in IDEX in the second quarter valued at approximately $219,000. Cerity Partners LLC boosted its stake in shares of IDEX by 23.9% during 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. boosted its stake in shares of IDEX by 4.0% during the second quarter. Daiwa Securities Group Inc. now owns 13,513 shares of the industrial products company’s stock valued at $2,373,000 after purchasing an additional 518 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Insider Activity at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the sale, the chief executive officer owned 66,658 shares in the company, valued at approximately $14,346,134.76. The trade was a 18.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.

IDEX Stock Down 1.3%

Shares of NYSE:IEX opened at $230.70 on Friday. IDEX Corporation has a 52-week low of $157.25 and a 52-week high of $243.80. The firm has a market capitalization of $17.01 billion, a P/E ratio of 33.19, a P/E/G ratio of 2.18 and a beta of 0.98. The stock has a 50 day moving average price of $221.26 and a 200-day moving average price of $208.55. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.05.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.21. The company had revenue of $920.60 million during the quarter, compared to analysts’ expectations of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.07 EPS. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. As a group, equities research analysts anticipate that IDEX Corporation will post 8.85 EPS for the current fiscal year.

IDEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 annualized dividend and a yield of 1.3%. IDEX’s dividend payout ratio (DPR) is currently 42.01%.

Analysts Set New Price Targets

IEX has been the topic of several analyst reports. Royal Bank Of Canada lifted their target price on shares of IDEX from $261.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday. Weiss Ratings raised shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. TD Cowen raised their price target on shares of IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup boosted their price objective on shares of IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Robert W. Baird set a $257.00 price objective on shares of IDEX in a research note on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $251.44.

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.