Rice Hall James & Associates LLC Acquires Shares of 2,679 IDEX Corporation $IEX

Rice Hall James & Associates LLC bought a new position in shares of IDEX Corporation (NYSE:IEX) during the second quarter, Holdings Channel.com reports. The firm bought 2,679 shares of the industrial products company’s stock, valued at approximately $608,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Primecap Management Co. CA boosted its position in shares of 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 valued at $574,174,000 after purchasing an additional 1,496,207 shares in the last quarter. Dodge & Cox lifted its position in IDEX by 266.7% during the fourth quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company’s stock valued at $224,658,000 after buying an additional 918,208 shares during the period. Norges Bank purchased a new position in IDEX during the fourth quarter valued at $162,788,000. Millennium Management LLC boosted its holdings in shares of IDEX by 293.6% during the 4th quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company’s stock valued at $189,286,000 after buying an additional 793,530 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of IDEX by 215.0% during the 1st quarter. Bank of America Corp DE now owns 1,094,101 shares of the industrial products company’s stock valued at $207,387,000 after buying an additional 746,732 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Insider Transactions at IDEX

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of the 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 sale, the chief accounting officer directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IEX. Stifel Nicolaus increased their price target on shares of IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Citigroup upped their price objective on shares of IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Argus raised their target price on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. TD Cowen upped their price target on IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $250.00 price objective on shares of IDEX in a research report on Tuesday, May 5th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.80.

IDEX Stock Performance

Shares of IDEX stock opened at $234.29 on Wednesday. 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 $226.83 and its 200 day moving average is $212.22. The stock has a market cap of $17.27 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 2.25 and a beta of 0.98. 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 (NYSE:IEX) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.21. The business had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. IDEX’s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business 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. Sell-side analysts anticipate that IDEX Corporation will post 8.84 EPS 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 given a $0.73 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 annualized dividend and a yield of 1.2%. IDEX’s dividend payout ratio is 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.