Robeco Institutional Asset Management B.V. Acquires 203,473 Shares of IDEX Corporation $IEX

Robeco Institutional Asset Management B.V. increased its holdings in IDEX Corporation (NYSE:IEX) by 345.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 262,412 shares of the industrial products company’s stock after purchasing an additional 203,473 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in IDEX were worth $59,825,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in IEX. USA Financial Formulas bought a new position in shares of IDEX during the 3rd quarter valued at $477,000. V Square Quantitative Management LLC raised its position in IDEX by 8.7% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,319 shares of the industrial products company’s stock worth $757,000 after purchasing an additional 265 shares during the period. Krilogy Financial LLC bought a new stake in IDEX in the third quarter worth $351,000. Contravisory Investment Management Inc. lifted its stake in IDEX by 5.3% in the third quarter. Contravisory Investment Management Inc. now owns 5,467 shares of the industrial products company’s stock worth $1,246,000 after purchasing an additional 273 shares during the last quarter. Finally, Fragasso Financial Advisors Inc bought a new stake in IDEX in the third quarter worth $264,000. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Insider Buying and Selling at IDEX

In related news, CAO Lisa Anderson sold 385 shares of the business’s 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 transaction, the chief accounting officer 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IEX. Stifel Nicolaus set a $267.00 price target on shares of IDEX in a research report on Monday. Oppenheimer lifted their price objective on IDEX from $270.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday. DA Davidson lifted their price objective on IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. KeyCorp raised IDEX to a “hold” rating in a research note on Monday, October 12th. Finally, TD Cowen increased their target price on IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $261.09.

IDEX Stock Performance

Shares of IEX stock opened at $226.76 on Friday. The firm has a market capitalization of $16.72 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 2.67 and a beta of 0.97. The stock has a fifty day moving average of $230.12 and a 200 day moving average of $222.02. IDEX Corporation has a 52 week low of $160.60 and a 52 week high of $243.80. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (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 the consensus estimate of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, research analysts expect that IDEX Corporation will post 8.83 earnings per share for the current year.

IDEX Dividend Announcement

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

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.