Millennium Management LLC Purchases 793,530 Shares of IDEX Corporation $IEX

Millennium Management LLC grew its position in IDEX Corporation (NYSE:IEX) by 293.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,063,763 shares of the industrial products company’s stock after acquiring an additional 793,530 shares during the period. Millennium Management LLC’s holdings in IDEX were worth $189,286,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Numerai GP LLC raised its stake in shares of IDEX by 19.4% in the third quarter. Numerai GP LLC now owns 62,313 shares of the industrial products company’s stock valued at $10,142,000 after acquiring an additional 10,114 shares during the last quarter. Sienna Gestion bought a new position in shares of IDEX in the third quarter valued at approximately $6,686,000. Assenagon Asset Management S.A. raised its stake in shares of IDEX by 13.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 62,606 shares of the industrial products company’s stock valued at $11,140,000 after acquiring an additional 7,559 shares during the last quarter. WINTON GROUP Ltd bought a new stake in IDEX during the 3rd quarter worth about $4,782,000. Finally, Deprince Race & Zollo Inc. grew its holdings in IDEX by 4.3% during the 4th quarter. Deprince Race & Zollo Inc. now owns 359,152 shares of the industrial products company’s stock worth $63,908,000 after acquiring an additional 14,952 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Down 0.2%

Shares of NYSE:IEX opened at $223.26 on Thursday. IDEX Corporation has a 12 month low of $157.25 and a 12 month high of $227.47. The company’s 50-day moving average price is $210.43 and its two-hundred day moving average price is $198.45. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. The firm has a market cap of $16.52 billion, a P/E ratio of 33.03, a P/E/G ratio of 2.20 and a beta of 1.00.

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

IDEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, July 6th will be given a dividend of $0.73 per share. The ex-dividend date is Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. IDEX’s dividend payout ratio is presently 43.20%.

Insider Transactions at IDEX

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the transaction, the chief executive officer directly owned 66,658 shares in the company, valued at approximately $14,346,134.76. This represents a 18.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on IEX shares. BMO Capital Markets started coverage on shares of IDEX in a report on Friday, March 27th. They set a “market perform” rating and a $214.00 price objective on the stock. TD Cowen increased their price objective on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Oppenheimer reissued an “outperform” rating and set a $250.00 price objective (up from $242.00) on shares of IDEX in a report on Tuesday, June 2nd. Stifel Nicolaus set a $250.00 price objective on shares of IDEX in a report on Thursday, April 30th. Finally, Citigroup increased their price objective on shares of IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $241.11.

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.