Concentric Capital Strategies LP Purchases Shares of 82,400 IDEX Corporation $IEX

Concentric Capital Strategies LP purchased a new stake in shares of IDEX Corporation (NYSE:IEX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 82,400 shares of the industrial products company’s stock, valued at approximately $14,662,000. IDEX comprises about 0.7% of Concentric Capital Strategies LP’s investment portfolio, making the stock its 27th biggest position.

Several other hedge funds have also added to or reduced their stakes in IEX. Empowered Funds LLC lifted its holdings in IDEX by 3.4% during 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 lifted its holdings in IDEX by 41.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,043 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 304 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in IDEX during the 2nd quarter valued at $219,000. Cerity Partners LLC lifted its holdings in IDEX by 23.9% during the 2nd quarter. Cerity Partners LLC now owns 18,658 shares of the industrial products company’s stock valued at $3,276,000 after purchasing an additional 3,604 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in IDEX by 4.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 13,513 shares of the industrial products company’s stock valued at $2,373,000 after purchasing an additional 518 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Insider Buying and Selling

In related news, CEO Eric D. Ashleman sold 15,385 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was 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 of the company’s stock, valued at $14,346,134.76. The trade was a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by company insiders.

IDEX Stock Down 0.2%

IEX stock opened at $223.26 on Thursday. The company has a market cap 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. The business has a 50-day simple moving average of $210.43 and a 200 day simple moving average of $198.45. IDEX Corporation has a 52 week low of $157.25 and a 52 week high of $227.47. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46.

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

IDEX Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on IEX shares. Royal Bank Of Canada raised their price target on IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. TD Cowen increased their price objective on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of IDEX in a research report on Monday, April 20th. Stifel Nicolaus set a $250.00 price objective on IDEX in a research report on Thursday, April 30th. Finally, BMO Capital Markets initiated coverage on IDEX in a research report on Friday, March 27th. They set a “market perform” rating and a $214.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.11.

IDEX Company 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.