Robeco Schweiz AG Sells 84,129 Shares of IDEX Corporation $IEX

Robeco Schweiz AG decreased its holdings in IDEX Corporation (NYSE:IEX) by 26.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 237,916 shares of the industrial products company’s stock after selling 84,129 shares during the quarter. Robeco Schweiz AG’s holdings in IDEX were worth $54,240,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in shares of IDEX by 27.0% in the third quarter. Signaturefd LLC now owns 978 shares of the industrial products company’s stock valued at $223,000 after purchasing an additional 208 shares in the last quarter. Citizens Financial Group Inc. RI bought a new stake in IDEX during the third quarter worth $451,000. Yousif Capital Management LLC grew its holdings in IDEX by 33.6% during the third quarter. Yousif Capital Management LLC now owns 10,511 shares of the industrial products company’s stock worth $2,396,000 after buying an additional 2,641 shares in the last quarter. Root Financial Partners LLC bought a new stake in IDEX during the third quarter worth $86,000. Finally, Adams Diversified Equity Fund Inc. raised its position in IDEX by 9.6% in the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 109,600 shares of the industrial products company’s stock valued at $24,987,000 after buying an additional 9,600 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IEX. Stifel Nicolaus set a $267.00 price objective on IDEX in a research note on Monday, October 19th. Weiss Ratings upgraded shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. KeyCorp upgraded shares of IDEX to a “hold” rating in a research note on Monday, October 12th. Oppenheimer increased their target price on shares of IDEX from $270.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Mizuho raised shares of IDEX from a “neutral” rating to an “outperform” rating and raised their price target for the company from $210.00 to $280.00 in a research report on Tuesday, August 11th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $261.09.

IDEX Stock Up 0.8%

Shares of NYSE IEX opened at $228.78 on Friday. IDEX Corporation has a one year low of $160.60 and a one year high of $243.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. The business’s fifty day moving average price is $229.92 and its 200-day moving average price is $222.07. The stock has a market capitalization of $16.87 billion, a PE ratio of 32.92, a P/E/G ratio of 2.60 and a beta of 0.97.

IDEX (NYSE:IEX) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%. The company had revenue of $920.60 million during the quarter, compared to the consensus estimate of $905.38 million. During the same quarter in the prior year, the company earned $2.07 EPS. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. 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, equities research analysts anticipate that IDEX Corporation will post 8.83 EPS for the current year.

IDEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $2.92 annualized dividend and a yield of 1.3%. IDEX’s dividend payout ratio is 42.01%.

Insider Buying and Selling

In other IDEX news, CAO Lisa Anderson sold 385 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by company insiders.

About IDEX

IDEX Corporation is an industrial manufacturing company headquartered in Lake Forest, Illinois. The company designs and produces engineered products and technologies used to move, control, measure and apply fluids, as well as equipment used in fire and safety applications.

IDEX operates through businesses serving fluid and metering technologies, health and science technologies, and fire and safety markets. Its products include pumps, valves, flow meters, compressors, dispensing equipment, precision fluidics components and systems, fire pumps, rescue tools and other specialized equipment.

The company serves a broad range of industries, including healthcare, life sciences, water and wastewater, chemical processing, energy, food and beverage, agriculture, industrial manufacturing and municipal fire protection.