Sanctuary Advisors LLC Acquires New Shares in IDEX Corporation $IEX

Sanctuary Advisors LLC purchased a new stake in shares of IDEX Corporation (NYSE:IEX) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,267 shares of the industrial products company’s stock, valued at approximately $514,000.

A number of other hedge funds have also recently made changes to their positions in IEX. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in IDEX by 4.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 160,520 shares of the industrial products company’s stock valued at $28,743,000 after purchasing an additional 6,901 shares during the period. Baader Bank Aktiengesellschaft increased its holdings in shares of IDEX by 27.5% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 27,809 shares of the industrial products company’s stock valued at $4,948,000 after acquiring an additional 6,000 shares in the last quarter. RNC Capital Management LLC increased its position in shares of IDEX by 227.3% during the fourth quarter. RNC Capital Management LLC now owns 19,807 shares of the industrial products company’s stock worth $3,524,000 after acquiring an additional 13,755 shares in the last quarter. Jefferies Financial Group Inc. lifted its holdings in shares of IDEX by 586.2% in the fourth quarter. Jefferies Financial Group Inc. now owns 29,409 shares of the industrial products company’s stock valued at $5,233,000 after purchasing an additional 25,123 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in IDEX by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock worth $360,740,000 after acquiring an additional 7,844 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Argus boosted their target price on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings raised shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Citigroup boosted their price objective on shares of IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Royal Bank Of Canada upped their target price on IDEX from $261.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, Stifel Nicolaus lifted 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. Eight investment 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 stock presently has an average rating of “Moderate Buy” and an average price target of $260.80.

Insider Transactions at IDEX

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total transaction of $91,857.15. Following the completion of the transaction, the chief accounting officer owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

IDEX Price Performance

IEX stock opened at $230.44 on Friday. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $16.99 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.18 and a beta of 0.98. IDEX Corporation has a 12-month low of $158.19 and a 12-month high of $243.80. The firm’s 50-day moving average price is $228.73 and its two-hundred day moving average price is $213.75.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share 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 firm had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. During the same period last year, the company earned $2.07 EPS. The business’s quarterly 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. As a group, equities analysts predict that IDEX Corporation will post 8.82 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. Stockholders of record on Monday, July 6th were given a $0.73 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. IDEX’s dividend payout ratio is currently 42.01%.

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.