Y Intercept Hong Kong Ltd Grows Stake in IDEX Corporation $IEX

Y Intercept Hong Kong Ltd grew its holdings in IDEX Corporation (NYSE:IEX) by 99.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,191 shares of the industrial products company’s stock after acquiring an additional 9,545 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in IDEX were worth $3,638,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IEX. Numerai GP LLC raised its stake in shares of IDEX by 19.4% in the third quarter. Numerai GP LLC now owns 62,313 shares of the industrial products company’s stock worth $10,142,000 after purchasing an additional 10,114 shares during the last quarter. Sienna Gestion purchased a new position in shares of IDEX during the third quarter worth $6,686,000. Deprince Race & Zollo Inc. lifted its position in IDEX by 4.3% during the fourth quarter. Deprince Race & Zollo Inc. now owns 359,152 shares of the industrial products company’s stock valued at $63,908,000 after purchasing an additional 14,952 shares during the period. Assenagon Asset Management S.A. boosted its holdings in IDEX by 13.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 62,606 shares of the industrial products company’s stock valued at $11,140,000 after purchasing an additional 7,559 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in IDEX during the 3rd quarter worth about $4,782,000. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on IEX shares. Stifel Nicolaus set a $250.00 target price on shares of IDEX in a research note on Thursday, April 30th. TD Cowen increased their price target on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Oppenheimer restated an “outperform” rating and issued a $250.00 price objective (up from $242.00) on shares of IDEX in a research report on Tuesday, June 2nd. Seaport Research Partners reaffirmed a “buy” rating and set a $250.00 target price on shares of IDEX in a research note on Tuesday, May 5th. Finally, Robert W. Baird set a $257.00 price target on shares of IDEX in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, IDEX has a consensus rating of “Moderate Buy” and a consensus target price of $241.11.

Insider Transactions at IDEX

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the 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 sale, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. This represents a 18.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.50% of the company’s stock.

IDEX Trading Down 2.5%

Shares of IDEX stock traded down $5.62 during mid-day trading on Tuesday, hitting $218.84. The stock had a trading volume of 103,810 shares, compared to its average volume of 775,982. The firm has a market cap of $16.20 billion, a P/E ratio of 32.28, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98. 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 50-day moving average of $216.41 and a two-hundred day moving average of $202.87. IDEX Corporation has a 12-month low of $157.25 and a 12-month high of $230.18.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.78 by $0.22. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The business had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. During the same quarter in the prior year, the company posted $1.75 EPS. The company’s quarterly 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. Sell-side analysts forecast that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 6th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. IDEX’s dividend payout ratio is currently 43.20%.

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.