Commerzbank Aktiengesellschaft FI Buys New Stake in IDEX Corporation $IEX

Commerzbank Aktiengesellschaft FI bought a new stake in shares of IDEX Corporation (NYSE:IEX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,884 shares of the industrial products company’s stock, valued at approximately $691,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuance Investments LLC lifted its position in IDEX by 102.3% during the third quarter. Nuance Investments LLC now owns 162,594 shares of the industrial products company’s stock valued at $26,464,000 after purchasing an additional 82,223 shares during the period. ING Groep NV acquired a new position in shares of IDEX in the third quarter worth about $887,000. Numerai GP LLC raised its position in shares of IDEX by 19.4% in the third quarter. Numerai GP LLC now owns 62,313 shares of the industrial products company’s stock worth $10,142,000 after acquiring an additional 10,114 shares during the period. Allstate Corp acquired a new position in shares of IDEX in the third quarter worth about $429,000. Finally, Rockland Trust Co. acquired a new position in shares of IDEX in the third quarter worth about $398,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. DA Davidson upped their price objective on shares of IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Argus upgraded shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 price objective for the company in a research report on Friday, February 6th. Oppenheimer reiterated an “outperform” rating and issued a $242.00 price objective on shares of IDEX in a research report on Thursday, April 30th. TD Cowen upped their price objective on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Stifel Nicolaus set a $250.00 price objective on shares of IDEX in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $240.22.

IDEX Trading Down 1.7%

Shares of IDEX stock opened at $207.72 on Friday. The company has a market cap of $15.37 billion, a P/E ratio of 30.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.02. The firm has a 50-day simple moving average of $199.95 and a two-hundred day simple moving average of $190.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. IDEX Corporation has a fifty-two week low of $157.25 and a fifty-two week high of $223.85.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. The business had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.75 earnings per share. 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, equities analysts predict that IDEX Corporation will post 8.5 earnings per share for the current fiscal year.

IDEX Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This is an increase from IDEX’s previous quarterly dividend of $0.71. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 22nd. IDEX’s dividend payout ratio is presently 42.01%.

Insider Activity at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 66,658 shares of the company’s stock, valued at $14,346,134.76. The trade was 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 at this link. 0.50% of the stock is owned by corporate insiders.

About IDEX

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.