Boston Trust Walden Corp Decreases Stake in IDEX Corporation $IEX

Boston Trust Walden Corp lowered its position in shares of IDEX Corporation (NYSE:IEX) by 2.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 452,714 shares of the industrial products company’s stock after selling 9,989 shares during the quarter. Boston Trust Walden Corp’s holdings in IDEX were worth $85,812,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Numerai GP LLC raised its stake in shares of IDEX by 19.4% during the 3rd quarter. Numerai GP LLC now owns 62,313 shares of the industrial products company’s stock worth $10,142,000 after purchasing an additional 10,114 shares during the period. Sienna Gestion bought a new position in IDEX during the third quarter valued at about $6,686,000. Deprince Race & Zollo Inc. grew its position in IDEX by 4.3% during the fourth quarter. Deprince Race & Zollo Inc. now owns 359,152 shares of the industrial products company’s stock valued at $63,908,000 after buying an additional 14,952 shares during the period. Assenagon Asset Management S.A. increased its holdings in IDEX by 13.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 62,606 shares of the industrial products company’s stock worth $11,140,000 after buying an additional 7,559 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in IDEX in the third quarter worth about $4,782,000. 97.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

IEX has been the topic of several research analyst reports. Weiss Ratings upgraded IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Royal Bank Of Canada raised their target price on IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Citigroup boosted their target price on IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Seaport Research Partners reaffirmed a “buy” rating and set a $250.00 price target on shares of IDEX in a research report on Tuesday, May 5th. Finally, TD Cowen increased their price target on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.11.

IDEX Trading Down 0.3%

Shares of IEX stock opened at $224.26 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. IDEX Corporation has a 52-week low of $157.25 and a 52-week high of $230.18. The company has a market capitalization of $16.60 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. The business’s fifty day moving average is $215.64 and its 200 day moving average is $202.21.

IDEX (NYSE:IEX) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.78 by $0.22. The business had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.75 earnings per share. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. On average, equities research analysts anticipate that IDEX Corporation will post 8.49 EPS for the current fiscal year.

IDEX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, July 6th will be paid 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 is Monday, July 6th. IDEX’s payout ratio is currently 43.20%.

Insider Activity at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $215.22, for a total value of $3,311,159.70. Following the transaction, the chief executive officer owned 66,658 shares of the company’s stock, valued at $14,346,134.76. This represents a 18.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by insiders.

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.