Korea Investment CORP Makes New Investment in IDEX Corporation $IEX

Korea Investment CORP purchased a new position in shares of IDEX Corporation (NYSE:IEX) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 33,324 shares of the industrial products company’s stock, valued at approximately $7,563,000.

Several other large investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in IDEX by 4.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 160,520 shares of the industrial products company’s stock valued at $28,743,000 after acquiring an additional 6,901 shares in the last quarter. Baader Bank Aktiengesellschaft grew its position in IDEX by 27.5% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 27,809 shares of the industrial products company’s stock worth $4,948,000 after acquiring an additional 6,000 shares in the last quarter. RNC Capital Management LLC grew its position in IDEX by 227.3% in the fourth quarter. RNC Capital Management LLC now owns 19,807 shares of the industrial products company’s stock worth $3,524,000 after acquiring an additional 13,755 shares in the last quarter. Jefferies Financial Group Inc. increased its stake in shares of IDEX by 586.2% during the 4th quarter. Jefferies Financial Group Inc. now owns 29,409 shares of the industrial products company’s stock worth $5,233,000 after purchasing an additional 25,123 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of IDEX by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock worth $360,740,000 after purchasing an additional 7,844 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Seaport Research Partners reissued a “buy” rating and set a $250.00 target price on shares of IDEX in a research report on Tuesday, May 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $265.00 price target on shares of IDEX in a research report on Thursday, July 30th. Royal Bank Of Canada upped their price target on IDEX from $261.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, Robert W. Baird set a $257.00 price objective on IDEX in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $260.80.

IDEX Trading Down 0.4%

Shares of IEX stock opened at $233.51 on Tuesday. The firm has a market capitalization of $17.21 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. IDEX Corporation has a 1 year low of $158.19 and a 1 year high of $243.80. The firm’s fifty day simple moving average is $228.11 and its 200 day simple moving average is $213.20. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share 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 firm had revenue of $920.60 million during the quarter, compared to the consensus estimate of $905.38 million. During the same period in the prior year, the firm earned $2.07 EPS. The business’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. As a group, sell-side analysts predict that IDEX Corporation will post 8.82 EPS for the current year.

IDEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors 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 dividend on an annualized basis and a yield of 1.3%. IDEX’s dividend payout ratio (DPR) is 42.01%.

Insiders Place Their Bets

In related news, CAO Lisa M. Anderson sold 385 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total transaction of $91,857.15. Following the transaction, the chief accounting officer directly owned 4,327 shares in the company, valued at $1,032,378.93. The trade was a 8.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by company insiders.

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.