Kingsview Wealth Management LLC Purchases Shares of 17,402 IDEX Corporation $IEX

Kingsview Wealth Management LLC purchased a new position in IDEX Corporation (NYSE:IEX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,402 shares of the industrial products company’s stock, valued at approximately $3,949,000.

Other large investors have also modified their holdings of the company. Empowered Funds LLC raised its position in shares of IDEX by 3.4% in the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after purchasing an additional 54 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in IDEX by 4.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 56 shares in the last quarter. Evolve Private Wealth LLC grew its position in IDEX by 2.8% during the 1st quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock worth $403,000 after purchasing an additional 58 shares during the last quarter. Sanctuary Advisors LLC grew its position in IDEX by 2.6% during the 1st quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company’s stock worth $463,000 after purchasing an additional 62 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in IDEX by 2.8% during the 4th quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company’s stock valued at $458,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings raised shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Royal Bank Of Canada boosted their price objective on shares of IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. TD Cowen upped their target price on IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 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, Stifel Nicolaus boosted their price target on IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $260.80.

Insiders Place Their Bets

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of IDEX stock in a transaction dated 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 in the company, valued at approximately $1,032,378.93. This trade represents a 8.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

IDEX Stock Performance

IEX 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. IDEX Corporation has a 12-month low of $158.19 and a 12-month high of $243.80. The firm has a 50 day moving average of $228.73 and a two-hundred day moving average of $213.75. The firm has a market capitalization of $16.99 billion, a PE ratio of 33.16, a P/E/G ratio of 2.21 and a beta of 0.98.

IDEX (NYSE:IEX) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.11 by $0.21. The business had revenue of $920.60 million for the quarter, compared to the consensus estimate of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.07 EPS. 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, analysts anticipate that IDEX Corporation will post 8.82 EPS for the current year.

IDEX Announces Dividend

The firm 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. This represents a $2.92 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, July 6th. IDEX’s dividend payout ratio is presently 42.01%.

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.