Heartland Advisors Inc. Purchases Shares of 26,726 IDEX Corporation $IEX

Heartland Advisors Inc. acquired a new position in shares of IDEX Corporation (NYSE:IEX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,726 shares of the industrial products company’s stock, valued at approximately $6,065,000.

A number of other hedge funds have also recently made changes to their positions in the business. OneAscent Investment Solutions LLC acquired a new stake in shares of IDEX in the 2nd quarter worth about $232,000. Allworth Financial LP acquired a new position in IDEX during the 2nd quarter valued at about $164,000. B. Metzler seel. Sohn & Co. AG bought a new stake in IDEX during the 2nd quarter worth approximately $5,535,000. Danske Bank A S bought a new stake in IDEX during the 2nd quarter worth approximately $16,817,000. Finally, Oxbow Advisors LLC purchased a new stake in shares of IDEX in the second quarter worth approximately $3,838,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on IEX. Robert W. Baird set a $257.00 price objective on IDEX in a research note on Thursday, April 30th. TD Cowen increased their target price on shares of IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Oppenheimer restated an “outperform” rating and set a $265.00 price target on shares of IDEX in a report on Thursday, July 30th. Weiss Ratings raised shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada increased their price objective on shares of IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, IDEX has an average rating of “Moderate Buy” and an average target price of $260.80.

Insider Transactions at IDEX

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total value of $91,857.15. Following the completion of the sale, the chief accounting officer directly owned 4,327 shares of the company’s stock, valued at $1,032,378.93. This trade represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.50% of the stock is owned by corporate insiders.

IDEX Price Performance

IEX opened at $234.57 on Friday. IDEX Corporation has a fifty-two week low of $158.19 and a fifty-two week high of $243.80. The firm has a 50-day moving average of $227.88 and a 200 day moving average of $212.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05. The firm has a market cap of $17.29 billion, a P/E ratio of 33.75, a PEG ratio of 2.21 and a beta of 0.98.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The firm had revenue of $920.60 million for the quarter, compared to analysts’ expectations of $905.38 million. During the same period in the previous year, the company earned $2.07 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. 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, research analysts expect that IDEX Corporation will post 8.82 EPS for the current year.

IDEX Dividend Announcement

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

Key Stories Impacting IDEX

Here are the key news stories impacting IDEX this week:

• Positive Sentiment: Analysts raised several forward earnings forecasts. Zacks Research lifted its FY2026 EPS estimate to $8.70 from $8.46, Q3 2026 to $2.20 from $2.17, Q1 2027 to $2.11 from $2.09, FY2027 to $9.21 from $9.20, and FY2028 to $10.45 from $10.27. The upgrades suggest expectations for improving earnings momentum beyond the current year. IDEX analyst estimates
• Positive Sentiment: Longer-term earnings growth remains a key support. The FY2028 forecast implies continued expansion from the approximately $8.70 expected for FY2026, while the company’s latest reported quarter exceeded consensus estimates for both revenue and EPS. IDEX financial information
• Neutral Sentiment: Board changes may increase investor focus on governance and valuation. IDEX announced a board resignation and a governance adjustment. The development does not provide a clear operating-impact signal, but investors may scrutinize leadership, capital allocation, and whether the company’s premium valuation is justified. IDEX board resignation and governance adjustment
• Negative Sentiment: Some estimates were reduced. Zacks cut its Q2 2027 EPS forecast to $2.33 from $2.43 and its Q2 2028 forecast to $2.43 from $2.54. These isolated reductions temper the broader upgrade story and could limit upside if investors view them as signs of uneven demand or execution. IDEX revised earnings estimates

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.