IDEX (NYSE:IEX) CAO Sells $91,857.15 in Stock

IDEX Corporation (NYSE:IEX) 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 completion of the sale, 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 SEC, which is available through this hyperlink.

IDEX Trading Down 0.2%

Shares of IEX stock opened at $238.72 on Friday. IDEX Corporation has a 1-year low of $158.19 and a 1-year high of $243.80. The firm has a market cap of $17.60 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 2.25 and a beta of 0.98. The company has a 50-day moving average of $226.14 and a two-hundred day moving average of $211.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15.

IDEX (NYSE:IEX) last released its quarterly earnings results 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 business’s revenue was up 6.4% on a year-over-year basis. 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. On average, analysts predict that IDEX Corporation will post 8.84 EPS for the current year.

IDEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 6th were paid a $0.73 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.2%. IDEX’s payout ratio is presently 42.01%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IEX. Port Capital LLC acquired a new position in IDEX during the 2nd quarter worth $24,556,000. Freestone Grove Partners LP purchased a new position in shares of IDEX in the 2nd quarter valued at about $102,523,000. Caisse de depot et placement du Quebec purchased a new position in shares of IDEX in the 2nd quarter valued at about $29,115,000. Man Group plc acquired a new position in shares of IDEX during the second quarter worth about $1,524,000. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of IDEX during the second quarter worth about $3,813,000. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup increased their target price on IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. DA Davidson lifted their target price on IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Oppenheimer reiterated an “outperform” rating and set a $265.00 price target on shares of IDEX in a research note on Thursday, July 30th. Weiss Ratings raised shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Finally, Argus lifted their price objective on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, IDEX currently has a consensus rating of “Moderate Buy” and an average target price of $260.80.

About IDEX

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.