Caisse de depot et placement du Quebec Buys Shares of 128,286 IDEX Corporation $IEX

Caisse de depot et placement du Quebec bought a new position in shares of IDEX Corporation (NYSE:IEXFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 128,286 shares of the industrial products company’s stock, valued at approximately $29,115,000. Caisse de depot et placement du Quebec owned about 0.17% of IDEX at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Laurel Wealth Advisors LLC bought a new position in IDEX during the 4th quarter worth approximately $27,000. Optiver Holding B.V. bought a new stake in IDEX in the first quarter valued at approximately $27,000. SJS Investment Consulting Inc. increased its stake in IDEX by 104.1% in the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 76 shares in the last quarter. Quantbot Technologies LP acquired a new stake in IDEX in the second quarter worth $33,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of IDEX during the second quarter worth $35,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IEX. Citigroup upped 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, July 30th. Mizuho raised IDEX from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $210.00 to $280.00 in a research note on Tuesday, August 11th. Argus increased their price target on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. TD Cowen raised their price target on IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Stifel Nicolaus lifted their price objective on IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $260.80.

Check Out Our Latest Stock Analysis on IEX

IDEX Price Performance

Shares of IEX opened at $230.44 on Friday. The stock has a market capitalization of $16.99 billion, a P/E ratio of 33.16, a P/E/G ratio of 2.21 and a beta of 0.98. IDEX Corporation has a twelve month low of $158.19 and a twelve month high of $243.80. The company has a 50 day moving average of $228.73 and a 200-day moving average of $213.75. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46.

IDEX (NYSE:IEXGet Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (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 the consensus estimate of $905.38 million. During the same period last year, the company earned $2.07 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. 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 forecast that IDEX Corporation will post 8.82 EPS for the current fiscal year.

IDEX Announces Dividend

The firm also recently declared 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 payout ratio is 42.01%.

IDEX Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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