Sanctuary Advisors LLC Makes New Investment in IDEX Corporation $IEX

Sanctuary Advisors LLC acquired a new position in IDEX Corporation (NYSE:IEX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,267 shares of the industrial products company’s stock, valued at approximately $514,000.

Several other hedge funds and other institutional investors have also bought and sold shares of IEX. Optiver Holding B.V. bought a new position in IDEX during the first quarter valued at approximately $27,000. Quantbot Technologies LP purchased a new position in shares of IDEX during the 2nd quarter valued at $33,000. SJS Investment Consulting Inc. boosted its stake in IDEX by 104.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 76 shares during the period. Laurel Wealth Advisors LLC bought a new position in shares of IDEX during the 4th quarter valued at about $27,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of IDEX in the second quarter valued at $35,000. Institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

Shares of IEX opened at $230.44 on Friday. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The company has a market cap of $16.99 billion, a P/E ratio of 33.16, a PEG ratio of 2.18 and a beta of 0.98. The firm’s 50 day moving average price is $228.73 and its 200 day moving average price is $213.75. IDEX Corporation has a fifty-two week low of $158.19 and a fifty-two week high of $243.80.

IDEX (NYSE:IEX) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $905.38 million. During the same quarter in the previous year, the firm posted $2.07 earnings per share. The company’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. On average, research analysts forecast that IDEX Corporation will post 8.82 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, July 6th. IDEX’s payout ratio is currently 42.01%.

Insider Buying and Selling at IDEX

In related news, CAO Lisa M. 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 sale, the chief accounting officer owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Argus raised their target price on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Royal Bank Of Canada lifted their price target on shares of IDEX from $261.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. TD Cowen upped their target price on IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. DA Davidson boosted their price objective on IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, Seaport Research Partners reaffirmed a “buy” rating and issued a $250.00 price target on shares of IDEX in a report on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $260.80.

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.