Prudential PLC Sells 2,899 Shares of IDEX Corporation $IEX

Prudential PLC reduced its stake in shares of IDEX Corporation (NYSE:IEX) by 6.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 39,102 shares of the industrial products company’s stock after selling 2,899 shares during the period. Prudential PLC owned about 0.05% of IDEX worth $6,958,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nuance Investments LLC grew its position in shares of IDEX by 102.3% during the 3rd quarter. Nuance Investments LLC now owns 162,594 shares of the industrial products company’s stock valued at $26,464,000 after acquiring an additional 82,223 shares during the period. ING Groep NV bought a new position in IDEX in the 3rd quarter worth approximately $887,000. Rockland Trust Co. bought a new position in IDEX in the 3rd quarter worth approximately $398,000. Numerai GP LLC boosted its holdings in IDEX by 19.4% in the 3rd quarter. Numerai GP LLC now owns 62,313 shares of the industrial products company’s stock worth $10,142,000 after buying an additional 10,114 shares during the period. Finally, Sienna Gestion bought a new position in IDEX in the 3rd quarter worth approximately $6,686,000. 97.96% of the stock is owned by institutional investors.

IDEX Stock Down 0.4%

Shares of NYSE:IEX opened at $215.48 on Friday. The firm has a fifty day moving average price of $205.49 and a two-hundred day moving average price of $195.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40. IDEX Corporation has a one year low of $157.25 and a one year high of $223.85. The company has a market cap of $15.95 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 2.11 and a beta of 1.00.

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

IDEX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 22nd. This is a positive change from IDEX’s previous quarterly dividend of $0.71. IDEX’s payout ratio is 43.20%.

Insider Buying and Selling

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $215.22, for a total value of $3,311,159.70. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IEX. BMO Capital Markets began coverage on shares of IDEX in a report on Friday, March 27th. They issued a “market perform” rating and a $214.00 price objective for the company. TD Cowen raised their price objective on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Seaport Research Partners reaffirmed a “buy” rating and issued a $250.00 price objective on shares of IDEX in a report on Tuesday, May 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $250.00 price objective (up from $242.00) on shares of IDEX in a report on Tuesday. Finally, Stifel Nicolaus set a $250.00 price objective on shares of IDEX in a report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $241.11.

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.