Brown Advisory Inc. Acquires 5,612 Shares of IDEX Corporation $IEX

Brown Advisory Inc. increased its holdings in shares of IDEX Corporation (NYSE:IEX) by 2.8% during the 4th quarter, HoldingsChannel reports. The fund owned 204,407 shares of the industrial products company’s stock after buying an additional 5,612 shares during the period. Brown Advisory Inc.’s holdings in IDEX were worth $36,372,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Numerai GP LLC lifted its stake in shares of IDEX by 19.4% in the third quarter. Numerai GP LLC now owns 62,313 shares of the industrial products company’s stock worth $10,142,000 after buying an additional 10,114 shares in the last quarter. Sienna Gestion bought a new position in shares of IDEX in the third quarter worth approximately $6,686,000. Assenagon Asset Management S.A. lifted its stake in shares of IDEX by 13.7% in 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 in the last quarter. WINTON GROUP Ltd bought a new position in shares of IDEX in the third quarter worth approximately $4,782,000. Finally, Deprince Race & Zollo Inc. lifted its stake in shares of IDEX by 4.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 359,152 shares of the industrial products company’s stock worth $63,908,000 after buying an additional 14,952 shares in the last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Up 1.7%

Shares of IEX stock opened at $222.22 on Tuesday. The company has a 50 day simple moving average of $209.11 and a two-hundred day simple moving average of $197.75. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. The stock has a market cap of $16.45 billion, a P/E ratio of 32.87, a P/E/G ratio of 2.14 and a beta of 1.00. IDEX Corporation has a 12 month low of $157.25 and a 12 month high of $223.99.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. The firm had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $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, research analysts expect that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from IDEX’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Friday, May 22nd. IDEX’s dividend payout ratio is currently 43.20%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on IEX shares. Citigroup upped their target price on shares of IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of IDEX in a research note on Monday, April 20th. Seaport Research Partners reiterated a “buy” rating and issued a $250.00 target price on shares of IDEX in a research note on Tuesday, May 5th. TD Cowen increased their price objective on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird set a $257.00 price objective on shares of IDEX in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.11.

Insider Activity

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 completion of the sale, 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 at this hyperlink. 0.50% of the stock is currently owned by company insiders.

IDEX 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.