Louisiana State Employees Retirement System Invests $720,000 in IDEX Corporation $IEX

Louisiana State Employees Retirement System bought a new stake in shares of IDEX Corporation (NYSE:IEX) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 3,800 shares of the industrial products company’s stock, valued at approximately $720,000.

A number of other large investors have also bought and sold shares of IEX. GoalVest Advisory LLC acquired a new position in shares of IDEX during the fourth quarter valued at about $26,000. Laurel Wealth Advisors LLC bought a new stake in IDEX in the 4th quarter valued at about $27,000. Cromwell Holdings LLC raised its stake in IDEX by 41.1% during the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after buying an additional 58 shares during the period. CYBER HORNET ETFs LLC bought a new position in IDEX in the second quarter worth approximately $35,000. Finally, MUFG Securities EMEA plc bought a new position in IDEX in the second quarter worth approximately $39,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $215.22, for a total value of $3,311,159.70. Following the sale, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at $14,346,134.76. This trade represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IEX shares. Royal Bank Of Canada upped their price objective on shares of IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Citigroup increased their price objective on IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Stifel Nicolaus set a $250.00 target price on IDEX in a research report on Thursday, April 30th. Oppenheimer reissued an “outperform” rating and issued a $250.00 price target (up from $242.00) on shares of IDEX in a research report on Tuesday, June 2nd. Finally, Weiss Ratings raised shares of IDEX from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, IDEX presently has an average rating of “Moderate Buy” and an average price target of $241.11.

IDEX Stock Performance

Shares of IEX stock traded down $4.71 during trading on Tuesday, hitting $219.75. The company’s stock had a trading volume of 10,479 shares, compared to its average volume of 775,451. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. The company has a market cap of $16.26 billion, a PE ratio of 32.58, a P/E/G ratio of 2.20 and a beta of 0.98. The business has a fifty day moving average of $216.41 and a 200-day moving average of $202.87. IDEX Corporation has a 52 week low of $157.25 and a 52 week high of $230.18.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.22. The firm had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.75 EPS. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. As a group, research analysts anticipate that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, July 6th will be paid a $0.73 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $2.92 annualized dividend and a yield of 1.3%. IDEX’s payout ratio is currently 43.20%.

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.