Evelyn Partners Investment Management LLP Buys 19,932 Shares of IDEX Corporation $IEX

Evelyn Partners Investment Management LLP boosted its position in shares of IDEX Corporation (NYSE:IEX) by 10.8% in the first quarter, Holdings Channel.com reports. The firm owned 205,291 shares of the industrial products company’s stock after acquiring an additional 19,932 shares during the period. IDEX makes up about 1.1% of Evelyn Partners Investment Management LLP’s investment portfolio, making the stock its 20th largest position. Evelyn Partners Investment Management LLP’s holdings in IDEX were worth $38,913,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC boosted its position in shares of IDEX by 3.4% during the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after buying an additional 54 shares during the period. Cromwell Holdings LLC raised its position in IDEX by 41.1% in the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock valued at $35,000 after buying an additional 58 shares during the last quarter. Evolve Private Wealth LLC lifted its stake in IDEX by 2.8% in the 1st quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock valued at $403,000 after acquiring an additional 58 shares in the last quarter. Sanctuary Advisors LLC boosted its position in IDEX by 2.6% during the 1st quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company’s stock worth $463,000 after acquiring an additional 62 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in IDEX by 2.8% during the 4th quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company’s stock worth $458,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Stock Performance

NYSE:IEX opened at $223.47 on Tuesday. The stock has a fifty day moving average price of $219.44 and a 200-day moving average price of $207.42. The company has a market cap of $16.54 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 2.19 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. IDEX Corporation has a fifty-two week low of $157.25 and a fifty-two week high of $231.70.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The company had revenue of $886.90 million for the quarter, compared to analysts’ expectations of $845.58 million. During the same quarter last year, the business earned $1.75 earnings per share. IDEX’s revenue was up 8.9% on a year-over-year basis. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. As a group, equities analysts anticipate that IDEX Corporation will post 8.48 EPS for the current fiscal year.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 6th were issued a dividend of $0.73 per share. The ex-dividend date was Monday, July 6th. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. IDEX’s dividend payout ratio is 43.20%.

Insider Buying and Selling

In related news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $215.22, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on IEX. Seaport Research Partners reiterated a “buy” rating and issued a $250.00 price objective on shares of IDEX in a report on Tuesday, May 5th. Weiss Ratings raised IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. TD Cowen lifted their price objective on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Oppenheimer upped their target price on IDEX from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Finally, Royal Bank Of Canada raised their price target on shares of IDEX from $252.00 to $261.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.00.

IDEX Company 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.