Danske Bank A S Invests $16.82 Million in IDEX Corporation $IEX

Danske Bank A S purchased a new position in shares of IDEX Corporation (NYSE:IEX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 74,100 shares of the industrial products company’s stock, valued at approximately $16,817,000. Danske Bank A S owned approximately 0.10% of IDEX at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Oxbow Advisors LLC bought a new position in shares of IDEX during the second quarter valued at about $3,838,000. Wealthfront Advisers LLC purchased a new position in shares of IDEX in the 2nd quarter worth approximately $912,000. Nuance Investments LLC purchased a new position in shares of IDEX in the 2nd quarter worth approximately $1,693,000. BlackRock Inc. bought a new position in shares of IDEX in the second quarter valued at approximately $1,301,393,000. Finally, Deutsche Bank AG purchased a new stake in shares of IDEX during the second quarter valued at approximately $96,885,000. 97.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Lisa M. Anderson sold 385 shares of IDEX 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 transaction, the chief accounting officer owned 4,327 shares in the company, valued at $1,032,378.93. This trade represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

IEX has been the topic of several research analyst reports. DA Davidson boosted their price objective on IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Seaport Research Partners reiterated a “buy” rating and set a $250.00 target price on shares of IDEX in a research note on Tuesday, May 5th. Oppenheimer reissued an “outperform” rating and issued a $265.00 price target on shares of IDEX in a report on Thursday, July 30th. Argus 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, August 6th. Finally, Stifel Nicolaus lifted their price objective on shares of IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $260.80.

IDEX Stock Performance

NYSE:IEX opened at $233.83 on Friday. The company has a market capitalization of $17.24 billion, a P/E ratio of 33.64, a P/E/G ratio of 2.21 and a beta of 0.98. The business has a fifty day simple moving average of $227.55 and a two-hundred day simple moving average of $212.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. IDEX Corporation has a 1 year low of $158.19 and a 1 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 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.21. The firm had revenue of $920.60 million for the quarter, compared to analysts’ expectations of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.07 EPS. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. On average, analysts expect that IDEX Corporation will post 8.82 earnings per share for the current year.

IDEX Announces Dividend

The firm also recently announced 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. This represents a $2.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, July 6th. IDEX’s dividend payout ratio (DPR) is currently 42.01%.

Trending Headlines about IDEX

Here are the key news stories impacting IDEX this week:

• Positive Sentiment: Zacks Research raised multiple earnings forecasts. Estimates increased for Q3 2026 EPS to $2.20 from $2.17, FY2026 EPS to $8.70 from $8.46, Q1 2027 EPS to $2.11 from $2.09, FY2027 EPS to $9.21 from $9.20, and FY2028 EPS to $10.45 from $10.27. The revisions indicate improving expectations for IDEX’s industrial-products business. Zacks Research earnings estimates
• Positive Sentiment: Forward earnings growth remains attractive. Zacks’ FY2027 and FY2028 forecasts imply continued EPS expansion, while the current full-year consensus stands at $8.84 per share. IDEX also recently exceeded quarterly earnings and revenue expectations, providing fundamental support for the shares.
• Neutral Sentiment: A board resignation and governance adjustment add uncertainty. The announcement could prompt investors to reassess board oversight, strategy and capital allocation. The impact on the stock will depend on the identity of the departing director and the details of the governance changes. IDEX Announces Board Resignation and Governance Adjustment
• Negative Sentiment: One estimate was reduced. Zacks cut its Q2 2027 EPS forecast to $2.33 from $2.43, suggesting some near-term uncertainty despite the broader upward revision trend.
• Negative Sentiment: Valuation leaves limited room for disappointment. IDEX trades at roughly 34 times earnings, so investors may demand consistent execution and positive estimate revisions. The board news could therefore weigh more heavily than it would for a lower-valued industrial company. IDEX Board Shift Puts Valuation Back In Focus

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.