Lisa Anderson Sells 385 Shares of IDEX (NYSE:IEX) Stock

IDEX Corporation (NYSE:IEX) CAO Lisa 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 value of $91,857.15. Following the transaction, the chief accounting officer owned 4,327 shares in the company, valued at $1,032,378.93. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

IDEX Stock Performance

IDEX stock traded down $1.27 during mid-day trading on Thursday, reaching $239.25. The company’s stock had a trading volume of 491,936 shares, compared to its average volume of 768,454. 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 twelve month low of $158.19 and a twelve month high of $243.80. The business has a 50 day moving average price of $225.22 and a 200-day moving average price of $211.02. The firm has a market cap of $17.64 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 2.24 and a beta of 0.98.

IDEX (NYSE:IEX) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The company had revenue of $920.60 million for the quarter, compared to the consensus estimate of $905.38 million. During the same period last year, the firm posted $2.07 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Sell-side analysts predict that IDEX Corporation will post 8.84 EPS for the current fiscal year.

IDEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were issued a $0.73 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a yield of 1.2%. IDEX’s dividend payout ratio (DPR) is currently 42.01%.

Hedge Funds Weigh In On IDEX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IEX. BlackRock Inc. acquired a new stake in IDEX in the 2nd quarter valued at approximately $1,301,393,000. Primecap Management Co. CA boosted its position in IDEX by 86.5% during the 4th quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock worth $574,174,000 after acquiring an additional 1,496,207 shares during the period. Dodge & Cox grew its stake in shares of IDEX by 266.7% in the fourth quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company’s stock worth $224,658,000 after purchasing an additional 918,208 shares in the last quarter. Norges Bank acquired a new position in shares of IDEX during the fourth quarter valued at $162,788,000. Finally, Millennium Management LLC increased its holdings in shares of IDEX by 293.6% during the fourth quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company’s stock valued at $189,286,000 after purchasing an additional 793,530 shares during the period. 97.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on IEX shares. Stifel Nicolaus upped their target price on IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a report on Thursday, July 30th. TD Cowen increased their target price on IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Royal Bank Of Canada boosted their price target on shares of IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Mizuho upgraded shares of IDEX from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $210.00 to $280.00 in a research report on Tuesday. Finally, Seaport Research Partners reaffirmed a “buy” rating and issued a $250.00 price objective on shares of IDEX in a report on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $260.80.

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.