Caisse de depot et placement du Quebec Invests $29.11 Million in IDEX Corporation $IEX

Caisse de depot et placement du Quebec acquired a new stake in IDEX Corporation (NYSE:IEX) in the 2nd quarter, HoldingsChannel reports. The fund acquired 128,286 shares of the industrial products company’s stock, valued at approximately $29,115,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IEX. BlackRock Inc. bought a new stake in IDEX during the second quarter worth $1,301,393,000. Primecap Management Co. CA acquired a new stake in IDEX in the second quarter valued at $748,951,000. State Street Corp grew its position in shares of IDEX by 0.6% in the 4th quarter. State Street Corp now owns 3,172,410 shares of the industrial products company’s stock valued at $564,499,000 after acquiring an additional 17,668 shares during the period. Geode Capital Management LLC grew its position in shares of IDEX by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock valued at $360,740,000 after acquiring an additional 7,844 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of IDEX by 3.3% during the 4th quarter. Van ECK Associates Corp now owns 1,976,856 shares of the industrial products company’s stock worth $351,762,000 after purchasing an additional 63,699 shares during the last quarter. 97.96% of the stock is owned by institutional investors.

IDEX Price Performance

Shares of IEX opened at $230.44 on Friday. The company’s 50-day moving average is $228.73 and its 200-day moving average is $213.75. 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 firm has a market capitalization of $16.99 billion, a PE ratio of 33.16, a PEG ratio of 2.21 and a beta of 0.98. IDEX Corporation has a fifty-two week low of $158.19 and a fifty-two week high of $243.80.

IDEX (NYSE:IEX) last announced 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 business had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. IDEX’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business 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. Equities analysts forecast that IDEX Corporation will post 8.82 EPS for the current year.

IDEX Announces Dividend

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

Insider Activity at IDEX

In other news, CAO Lisa M. Anderson sold 385 shares of the stock in a transaction that occurred on 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 owned 4,327 shares in the company, valued at approximately $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 accessible through this link. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Oppenheimer reissued an “outperform” rating and set a $265.00 price target on shares of IDEX in a research report on Thursday, July 30th. Mizuho raised IDEX from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $210.00 to $280.00 in a research report on Tuesday, August 11th. Argus upped their price objective on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada raised their price objective on IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $260.80.

IDEX 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.