Nuance Investments LLC Buys New Shares in IDEX Corporation $IEX

Nuance Investments LLC bought a new stake in IDEX Corporation (NYSE:IEX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,459 shares of the industrial products company’s stock, valued at approximately $1,693,000.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of IDEX during the 2nd quarter valued at about $1,301,393,000. Primecap Management Co. CA grew its holdings in shares of IDEX by 86.5% during the fourth quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock worth $574,174,000 after purchasing an additional 1,496,207 shares during the last quarter. Dodge & Cox grew its stake in shares of IDEX by 266.7% during the fourth quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company’s stock valued at $224,658,000 after purchasing an additional 918,208 shares during the last quarter. Norges Bank acquired a new stake in IDEX in the fourth quarter worth about $162,788,000. Finally, Millennium Management LLC grew its holdings in IDEX by 293.6% during the 4th quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company’s stock worth $189,286,000 after acquiring an additional 793,530 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Stock Performance

NYSE:IEX opened at $240.42 on Tuesday. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 1-year low of $158.19 and a 1-year high of $243.80. The stock’s 50-day moving average is $226.58 and its 200-day moving average is $211.95. The stock has a market cap of $17.72 billion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 2.25 and a beta of 0.98.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The company had revenue of $920.60 million during the quarter, compared to the consensus estimate of $905.38 million. During the same period last year, the company earned $2.07 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Equities research analysts anticipate that IDEX Corporation will post 8.84 earnings per share for the current year.

IDEX Dividend Announcement

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

Wall Street Analysts Forecast Growth

IEX has been the subject of a number of recent analyst reports. Argus upped their price objective on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Robert W. Baird set a $257.00 target price on IDEX in a research report on Thursday, April 30th. Stifel Nicolaus upped their price target on shares of IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Citigroup raised their price objective on IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Seaport Research Partners restated a “buy” rating and set a $250.00 target price on shares of IDEX in a research note on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $260.80.

Insiders Place Their Bets

In other news, CAO Lisa M. Anderson sold 385 shares of the stock in a transaction that occurred 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 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. Insiders own 0.50% of the company’s stock.

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.