Engineers Gate Manager LP Acquires 99,624 Shares of IDEX Corporation $IEX

Engineers Gate Manager LP boosted its holdings in shares of IDEX Corporation (NYSE:IEX) by 1,239.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,661 shares of the industrial products company’s stock after purchasing an additional 99,624 shares during the period. Engineers Gate Manager LP’s holdings in IDEX were worth $19,157,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in IDEX by 3.4% during the third quarter. Wellington Management Group LLP now owns 6,477,929 shares of the industrial products company’s stock worth $1,054,348,000 after purchasing an additional 211,696 shares during the period. Primecap Management Co. CA lifted its stake in IDEX by 86.5% during the fourth quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock worth $574,174,000 after purchasing an additional 1,496,207 shares during the period. State Street Corp lifted its stake in IDEX by 0.6% during the fourth quarter. State Street Corp now owns 3,172,410 shares of the industrial products company’s stock worth $564,499,000 after purchasing an additional 17,668 shares during the period. Geode Capital Management LLC lifted its stake in IDEX by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock worth $360,740,000 after purchasing an additional 7,844 shares during the period. Finally, Van ECK Associates Corp lifted its stake in IDEX by 3.3% during the fourth quarter. Van ECK Associates Corp now owns 1,976,856 shares of the industrial products company’s stock worth $351,762,000 after purchasing an additional 63,699 shares during the period. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Performance

IEX stock opened at $223.26 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40. The company has a 50 day moving average price of $210.43 and a 200 day moving average price of $198.45. IDEX Corporation has a fifty-two week low of $157.25 and a fifty-two week high of $227.47. The stock has a market capitalization of $16.52 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 2.20 and a beta of 1.00.

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

IDEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Monday, July 6th will be given a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, July 6th. IDEX’s payout ratio is 43.20%.

Insiders Place Their Bets

In related news, CEO Eric D. Ashleman sold 15,385 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 66,658 shares in the company, valued at $14,346,134.76. The trade was a 18.75% 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 owned by company insiders.

Analysts Set New Price Targets

IEX has been the subject of a number of analyst reports. BMO Capital Markets assumed coverage on shares of IDEX in a research note on Friday, March 27th. They set a “market perform” rating and a $214.00 price target for the company. Oppenheimer reiterated an “outperform” rating and issued a $250.00 target price (up from $242.00) on shares of IDEX in a research note on Tuesday, June 2nd. Stifel Nicolaus set a $250.00 target price on shares of IDEX in a research note on Thursday, April 30th. 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. Finally, Royal Bank Of Canada lifted their target price on shares of IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, IDEX has a consensus rating of “Moderate Buy” and a consensus price target of $241.11.

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.