Tidal Investments LLC Purchases 7,798 Shares of IDEX Corporation $IEX

Tidal Investments LLC raised its position in shares of IDEX Corporation (NYSE:IEX) by 104.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 15,272 shares of the industrial products company’s stock after purchasing an additional 7,798 shares during the quarter. Tidal Investments LLC’s holdings in IDEX were worth $3,466,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IEX. California State Teachers Retirement System boosted its position in shares of IDEX by 17,765.1% during the 2nd quarter. California State Teachers Retirement System now owns 23,276,446 shares of the industrial products company’s stock valued at $5,282,589,000 after acquiring an additional 23,146,156 shares during the last quarter. BlackRock Inc. bought a new stake in IDEX in the second quarter worth $1,301,393,000. Primecap Management Co. CA bought a new stake in IDEX in the second quarter worth $748,951,000. Geode Capital Management LLC raised its stake in IDEX by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock valued at $360,740,000 after purchasing an additional 7,844 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in IDEX by 3.3% during the fourth quarter. Van ECK Associates Corp now owns 1,976,856 shares of the industrial products company’s stock valued at $351,762,000 after purchasing an additional 63,699 shares in the last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

Shares of IEX stock opened at $222.07 on Tuesday. The firm has a market capitalization of $16.37 billion, a P/E ratio of 31.95, a P/E/G ratio of 2.54 and a beta of 0.98. IDEX Corporation has a 52-week low of $158.19 and a 52-week high of $243.80. 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 stock has a 50 day moving average price of $228.53 and a 200 day moving average price of $214.94.

IDEX (NYSE:IEX) last announced 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. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The firm had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. During the same quarter in the previous year, the business earned $2.07 earnings per share. IDEX’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. As a group, sell-side analysts predict that IDEX Corporation will post 8.83 earnings per share for the current year.

IDEX Announces Dividend

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

Insider Activity at IDEX

In related news, CAO Lisa Anderson sold 385 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $1,032,378.93. This represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on IEX shares. Vertical Research began coverage on shares of IDEX in a research note on Tuesday, September 8th. They issued a “buy” rating and a $250.00 price objective for the company. DA Davidson lifted their price target on IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Weiss Ratings raised IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Stifel Nicolaus upped their price objective on IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Citigroup raised their price objective on IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $260.27.

IDEX Company Profile

IDEX Corporation (NYSE: IEX) is an industrial technology company that designs, manufactures and markets engineered products and systems used in a range of specialized applications. Its portfolio includes pumps, valves, flow meters, compressors, dispensing equipment and other fluid-handling technologies that help customers move, measure and control liquids and gases.

The company operates through businesses focused on Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety/Diversified Products.