IDEX Corporation $IEX Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in IDEX Corporation (NYSE:IEX) by 281.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 114,480 shares of the industrial products company’s stock after acquiring an additional 84,465 shares during the quarter. Quantinno Capital Management LP’s holdings in IDEX were worth $21,700,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new stake in shares of IDEX during the fourth quarter worth $27,000. SJS Investment Consulting Inc. boosted its holdings in IDEX by 104.1% in the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 76 shares during the period. Cromwell Holdings LLC boosted its holdings in IDEX by 41.1% in the fourth quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 58 shares during the period. CYBER HORNET ETFs LLC acquired a new position in IDEX during the 2nd quarter worth $35,000. Finally, Root Financial Partners LLC grew its stake in IDEX by 57.6% during the 1st quarter. Root Financial Partners LLC now owns 208 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on IEX. Robert W. Baird set a $257.00 price target on IDEX in a research report on Thursday, April 30th. Seaport Research Partners reissued a “buy” rating and set a $250.00 price objective on shares of IDEX in a research report on Tuesday, May 5th. Stifel Nicolaus upped their target price on shares of IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings raised shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Citigroup raised their target price on shares of IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a report on Thursday. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $251.44.

IDEX Stock Performance

NYSE:IEX opened at $230.70 on Friday. IDEX Corporation has a 12 month low of $157.25 and a 12 month high of $243.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.40. The firm has a market capitalization of $17.01 billion, a PE ratio of 33.19, a price-to-earnings-growth ratio of 2.18 and a beta of 0.98. The business’s fifty day moving average price is $221.26 and its 200 day moving average price is $208.55.

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, topping analysts’ consensus estimates of $2.11 by $0.21. The company had revenue of $920.60 million during the quarter, compared to the consensus estimate of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.IDEX’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.07 EPS. 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, sell-side analysts anticipate that IDEX Corporation will post 8.85 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were paid a dividend of $0.73 per share. The ex-dividend date was Monday, July 6th. This represents a $2.92 annualized dividend and a yield of 1.3%. IDEX’s payout ratio is presently 42.01%.

Insiders Place Their Bets

In related news, CEO Eric D. Ashleman sold 15,385 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $215.22, for a total value of $3,311,159.70. Following the completion of the transaction, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at $14,346,134.76. This represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by insiders.

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.