Primecap Management Co. CA Takes Position in IDEX Corporation $IEX

Primecap Management Co. CA acquired a new stake in IDEX Corporation (NYSE:IEX) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,300,072 shares of the industrial products company’s stock, valued at approximately $748,951,000. Primecap Management Co. CA owned about 4.48% of IDEX at the end of the most recent quarter.

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

IDEX Stock Performance

Shares of NYSE IEX opened at $230.16 on Wednesday. IDEX Corporation has a 12 month low of $158.19 and a 12 month high of $243.80. The company has a market cap of $16.97 billion, a P/E ratio of 33.12, a P/E/G ratio of 2.21 and a beta of 0.98. The business’s 50 day moving average is $228.24 and its two-hundred day moving average is $213.32. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.21. The company had revenue of $920.60 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $2.07 earnings per share. 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, equities analysts expect that IDEX Corporation will post 8.82 EPS for the current year.

IDEX Announces Dividend

The business also recently declared 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 of this dividend was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. IDEX’s dividend payout ratio is 42.01%.

Insiders Place Their Bets

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total value of $91,857.15. Following the sale, the chief accounting officer directly owned 4,327 shares in the company, valued at $1,032,378.93. This trade represents a 8.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on IEX. Argus increased their price target on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Mizuho upgraded shares of IDEX from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $210.00 to $280.00 in a research note on Tuesday, August 11th. Stifel Nicolaus upped their price objective on shares of IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. TD Cowen raised their target price on shares of IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada lifted their target price on shares of IDEX from $261.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Eight 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $260.80.

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.