Groupe la Francaise Purchases New Position in IDEX Corporation $IEX

Groupe la Francaise purchased a new stake in IDEX Corporation (NYSE:IEX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,297 shares of the industrial products company’s stock, valued at approximately $521,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Optiver Holding B.V. purchased a new stake in shares of IDEX during the 1st quarter worth approximately $27,000. SJS Investment Consulting Inc. grew its position in shares of IDEX by 104.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock valued at $28,000 after buying an additional 76 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of IDEX in the 2nd quarter valued at $33,000. CYBER HORNET ETFs LLC acquired a new stake in IDEX during the 2nd quarter worth $35,000. Finally, Root Financial Partners LLC raised its stake in IDEX by 57.6% during the 1st quarter. Root Financial Partners LLC now owns 208 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on IEX shares. DA Davidson upped their price objective on shares of IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Citigroup lifted their target price on IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. TD Cowen boosted their target price on IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Oppenheimer reissued an “outperform” rating and issued a $265.00 target price on shares of IDEX in a research report on Thursday, July 30th. Finally, Vertical Research assumed coverage on IDEX in a research note on Tuesday. They set a “buy” rating and a $250.00 price target on the stock. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.82.

IDEX Stock Up 0.8%

Shares of NYSE:IEX opened at $225.56 on Wednesday. The stock has a market cap of $16.63 billion, a P/E ratio of 32.45, a P/E/G ratio of 2.54 and a beta of 0.98. The firm has a fifty day moving average price of $228.64 and a 200 day moving average price of $214.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. IDEX Corporation has a 1-year low of $158.19 and a 1-year high of $243.80.

IDEX (NYSE:IEX) last posted its quarterly earnings data 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. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The company had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. During the same period in the previous year, the business posted $2.07 earnings per share. IDEX’s quarterly revenue was up 6.4% on a year-over-year basis. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Sell-side analysts predict that IDEX Corporation will post 8.82 EPS for the current year.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were given a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, July 6th. IDEX’s payout ratio is 42.01%.

Insider Transactions at IDEX

In other IDEX news, CAO Lisa Anderson sold 385 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total transaction of $91,857.15. Following the completion of the sale, the chief accounting officer directly owned 4,327 shares of the company’s stock, valued at $1,032,378.93. This represents a 8.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by company insiders.

IDEX Company 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.