UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 43,883 Shares of IDEX Corporation $IEX

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of IDEX Corporation (NYSE:IEX) by 6.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 767,472 shares of the industrial products company’s stock after buying an additional 43,883 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in IDEX were worth $174,178,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of IDEX during the 2nd quarter worth $1,301,393,000. Primecap Management Co. CA bought a new stake in shares of IDEX in the second quarter valued at about $748,951,000. Dodge & Cox lifted its stake in IDEX by 266.7% in the fourth quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company’s stock worth $224,658,000 after acquiring an additional 918,208 shares during the period. Norges Bank purchased a new stake in IDEX in the fourth quarter worth about $162,788,000. Finally, Millennium Management LLC grew its holdings in IDEX by 293.6% during the 4th quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company’s stock worth $189,286,000 after acquiring an additional 793,530 shares in the last quarter. 97.96% of the stock is owned by institutional investors.

IDEX Stock Performance

Shares of IDEX stock opened at $222.59 on Wednesday. The company has a market capitalization of $16.41 billion, a PE ratio of 32.03, a P/E/G ratio of 2.16 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05. The company has a 50-day simple moving average of $228.82 and a two-hundred day simple moving average of $213.96. IDEX Corporation has a one year low of $158.19 and a one year high of $243.80.

IDEX (NYSE:IEX) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The business had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. During the same period in the prior year, the firm posted $2.07 earnings per share. The company’s quarterly 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. Research analysts expect that IDEX Corporation will post 8.82 EPS for the current fiscal year.

IDEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, July 6th. IDEX’s dividend payout ratio (DPR) is 42.01%.

Analysts Set New Price Targets

IEX has been the subject of several recent research reports. Citigroup boosted their price target on shares of IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Oppenheimer reiterated an “outperform” rating and set a $265.00 price objective on shares of IDEX in a research note on Thursday, July 30th. TD Cowen lifted their price objective on shares of IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Argus boosted their price objective on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, IDEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.80.

Insiders Place Their Bets

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of IDEX stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total value of $91,857.15. Following the transaction, the chief accounting officer directly owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is currently owned by company 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.