Pinnbrook Capital Management LP Acquires New Stake in IDEX Corporation $IEX

Pinnbrook Capital Management LP acquired a new stake in IDEX Corporation (NYSE:IEX) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 9,500 shares of the industrial products company’s stock, valued at approximately $2,156,000.

Several other institutional investors and hedge funds have also made changes to their positions in IEX. BlackRock Inc. purchased a new stake in shares of IDEX during the second quarter valued at $1,301,393,000. Primecap Management Co. CA grew its holdings in shares of IDEX by 86.5% in 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 last quarter. State Street Corp increased its stake in IDEX by 0.6% in the 4th quarter. State Street Corp now owns 3,172,410 shares of the industrial products company’s stock worth $564,499,000 after buying an additional 17,668 shares during the period. Geode Capital Management LLC lifted its holdings in IDEX by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock valued at $360,740,000 after buying an additional 7,844 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in IDEX by 3.3% during the 4th quarter. Van ECK Associates Corp now owns 1,976,856 shares of the industrial products company’s stock valued at $351,762,000 after buying an additional 63,699 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IEX has been the topic of a number of research analyst reports. DA Davidson upped their target price on shares of IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Seaport Research Partners reaffirmed a “buy” rating and set a $250.00 price target on shares of IDEX in a research note on Tuesday, May 5th. Royal Bank Of Canada boosted their price target on IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Oppenheimer reissued an “outperform” rating and issued a $265.00 price objective on shares of IDEX in a research note on Thursday, July 30th. Finally, Mizuho raised IDEX from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $210.00 to $280.00 in a research report on Tuesday, August 11th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, IDEX has an average rating of “Moderate Buy” and an average target price of $260.80.

IDEX Stock Up 0.4%

Shares of IDEX stock opened at $234.57 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. IDEX Corporation has a 1 year low of $158.19 and a 1 year high of $243.80. The firm’s 50-day moving average is $227.88 and its two-hundred day moving average is $212.87. The stock has a market cap of $17.29 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 2.21 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 EPS for the quarter, beating the consensus estimate of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The business had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. During the same quarter in the previous year, the business posted $2.07 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. As a group, research analysts expect that IDEX Corporation will post 8.82 earnings per share for the current fiscal year.

IDEX Announces Dividend

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

Insider Buying and Selling

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of the company’s stock in a transaction on 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 sale, the chief accounting officer owned 4,327 shares in the company, valued at $1,032,378.93. This represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by company insiders.

More IDEX News

Here are the key news stories impacting IDEX this week:

• Positive Sentiment: Analysts raised several forward earnings forecasts. Zacks Research lifted its FY2026 EPS estimate to $8.70 from $8.46, Q3 2026 to $2.20 from $2.17, Q1 2027 to $2.11 from $2.09, FY2027 to $9.21 from $9.20, and FY2028 to $10.45 from $10.27. The upgrades suggest expectations for improving earnings momentum beyond the current year. IDEX analyst estimates
• Positive Sentiment: Longer-term earnings growth remains a key support. The FY2028 forecast implies continued expansion from the approximately $8.70 expected for FY2026, while the company’s latest reported quarter exceeded consensus estimates for both revenue and EPS. IDEX financial information
• Neutral Sentiment: Board changes may increase investor focus on governance and valuation. IDEX announced a board resignation and a governance adjustment. The development does not provide a clear operating-impact signal, but investors may scrutinize leadership, capital allocation, and whether the company’s premium valuation is justified. IDEX board resignation and governance adjustment
• Negative Sentiment: Some estimates were reduced. Zacks cut its Q2 2027 EPS forecast to $2.33 from $2.43 and its Q2 2028 forecast to $2.43 from $2.54. These isolated reductions temper the broader upgrade story and could limit upside if investors view them as signs of uneven demand or execution. IDEX revised earnings estimates

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.