49,059 Shares in IDEX Corporation $IEX Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new position in IDEX Corporation (NYSE:IEX) during the second quarter, HoldingsChannel reports. The institutional investor acquired 49,059 shares of the industrial products company’s stock, valued at approximately $11,134,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC lifted its holdings in shares of IDEX by 3.4% during the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after purchasing an additional 54 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of IDEX by 4.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company’s stock worth $274,000 after buying an additional 56 shares during the last quarter. Evolve Private Wealth LLC grew its stake in shares of IDEX by 2.8% in the 1st quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock worth $403,000 after buying an additional 58 shares during the last quarter. Sanctuary Advisors LLC increased its position in IDEX by 2.6% during the 1st quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company’s stock valued at $463,000 after buying an additional 62 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in IDEX by 2.8% during the fourth quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company’s stock valued at $458,000 after buying an additional 70 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

Insiders Place Their Bets

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total value of $91,857.15. Following the completion of the sale, the chief accounting officer owned 4,327 shares of the company’s stock, valued at $1,032,378.93. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by company insiders.

IDEX Price Performance

Shares of IDEX stock opened at $230.44 on Friday. The stock has a market cap of $16.99 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 2.18 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05. The stock has a 50 day moving average price of $228.73 and a 200-day moving average price of $213.75. IDEX Corporation has a one year low of $158.19 and a one year high of $243.80.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The company had revenue of $920.60 million during the quarter, compared to the consensus estimate of $905.38 million. During the same period last year, the company earned $2.07 earnings per share. IDEX’s 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. Equities analysts expect that IDEX Corporation will post 8.82 EPS for the current year.

IDEX Announces Dividend

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

Analyst Upgrades and Downgrades

IEX has been the topic of a number of recent research reports. Seaport Research Partners reissued a “buy” rating and issued a $250.00 target price on shares of IDEX in a research note on Tuesday, May 5th. TD Cowen increased their price objective on shares of IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Mizuho raised IDEX from a “neutral” rating to an “outperform” rating and increased their target price for the company from $210.00 to $280.00 in a report on Tuesday, August 11th. Citigroup lifted their price target on shares of IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Argus lifted their price objective on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, IDEX presently has an average rating of “Moderate Buy” and an average target price of $260.80.

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.