Natixis Advisors LLC Lowers Stock Position in IDEX Corporation $IEX

Natixis Advisors LLC lowered its position in IDEX Corporation (NYSE:IEX) by 27.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 18,939 shares of the industrial products company’s stock after selling 7,037 shares during the period. Natixis Advisors LLC’s holdings in IDEX were worth $3,370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of IDEX by 3.4% in the third quarter. Wellington Management Group LLP now owns 6,477,929 shares of the industrial products company’s stock valued at $1,054,348,000 after purchasing an additional 211,696 shares during the last quarter. State Street Corp raised its holdings in shares of IDEX by 1.8% in the third quarter. State Street Corp now owns 3,154,742 shares of the industrial products company’s stock valued at $513,466,000 after purchasing an additional 54,990 shares during the last quarter. Geode Capital Management LLC increased its holdings in IDEX by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock worth $360,740,000 after buying an additional 7,844 shares during the last quarter. Van ECK Associates Corp increased its holdings in IDEX by 8.3% during the third quarter. Van ECK Associates Corp now owns 1,913,157 shares of the industrial products company’s stock worth $311,385,000 after buying an additional 146,618 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in IDEX by 16.1% during the third quarter. Invesco Ltd. now owns 1,809,788 shares of the industrial products company’s stock worth $294,561,000 after buying an additional 250,447 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

Shares of NYSE:IEX opened at $221.99 on Wednesday. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $16.43 billion, a PE ratio of 32.84, a P/E/G ratio of 2.14 and a beta of 1.00. IDEX Corporation has a twelve month low of $157.25 and a twelve month high of $223.85. The company has a 50-day moving average price of $206.77 and a two-hundred day moving average price of $196.38.

IDEX (NYSE:IEX) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. The firm had revenue of $886.90 million during the quarter, compared to analyst estimates of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $1.75 earnings per share. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. Equities analysts forecast that IDEX Corporation will post 8.49 EPS for the current year.

IDEX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.73 per share. This is a boost from IDEX’s previous quarterly dividend of $0.71. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, May 22nd. IDEX’s dividend payout ratio (DPR) is 43.20%.

Wall Street Analysts Forecast Growth

IEX has been the subject of a number of research analyst reports. BMO Capital Markets initiated coverage on shares of IDEX in a report on Friday, March 27th. They set a “market perform” rating and a $214.00 price objective for the company. Royal Bank Of Canada raised their price objective on shares of IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Oppenheimer restated an “outperform” rating and set a $250.00 price objective (up from $242.00) on shares of IDEX in a report on Tuesday, June 2nd. TD Cowen raised their price objective on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of IDEX in a report on Monday, April 20th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, IDEX currently has an average rating of “Moderate Buy” and a consensus price target of $241.11.

Insiders Place Their Bets

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the completion of the transaction, the chief executive officer owned 66,658 shares in the company, valued at $14,346,134.76. This trade represents a 18.75% 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 owned by corporate insiders.

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.