Norinchukin Bank The Has $622,000 Stake in IDEX Corporation $IEX

Norinchukin Bank The increased its holdings in shares of IDEX Corporation (NYSE:IEX) by 13.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,436 shares of the industrial products company’s stock after purchasing an additional 394 shares during the quarter. Norinchukin Bank The’s holdings in IDEX were worth $622,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Banque de Luxembourg S.A. bought a new position in shares of IDEX in the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in IDEX by 81.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 64 shares during the period. UMB Bank n.a. boosted its holdings in IDEX by 63.5% in the 1st quarter. UMB Bank n.a. now owns 224 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 87 shares during the period. Quarry LP bought a new stake in IDEX in the 4th quarter valued at about $49,000. Finally, Federated Hermes Inc. raised its position in shares of IDEX by 42.9% in the 1st quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company’s stock valued at $60,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on IEX shares. Stifel Nicolaus dropped their target price on shares of IDEX from $238.00 to $204.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Oppenheimer reduced their target price on shares of IDEX from $224.00 to $212.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. DA Davidson set a $180.00 price objective on shares of IDEX and gave the company a “neutral” rating in a research note on Monday, August 4th. Citigroup upped their price objective on shares of IDEX from $208.00 to $216.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Finally, Robert W. Baird set a $215.00 target price on shares of IDEX in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $201.71.

IDEX Stock Up 3.7%

IDEX stock opened at $168.45 on Monday. IDEX Corporation has a 1-year low of $153.36 and a 1-year high of $238.22. The firm has a market capitalization of $12.68 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.78 and a beta of 1.04. The firm’s fifty day moving average price is $173.92 and its two-hundred day moving average price is $179.08. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.46.

IDEX (NYSE:IEX) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, beating the consensus estimate of $2.00 by $0.07. The company had revenue of $865.40 million during the quarter, compared to the consensus estimate of $858.59 million. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.06 earnings per share. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. On average, equities research analysts predict that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were issued a $0.71 dividend. The ex-dividend date was Friday, July 11th. This represents a $2.84 annualized dividend and a dividend yield of 1.7%. IDEX’s dividend payout ratio is currently 45.88%.

Insider Activity at IDEX

In other news, CFO Akhil Mahendra sold 250 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $180.89, for a total value of $45,222.50. Following the completion of the sale, the chief financial officer owned 5,035 shares in the company, valued at $910,781.15. This represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

IDEX Profile

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.