Gamco Investors INC. ET AL Trims Stake in IDEX Corporation $IEX

Gamco Investors INC. ET AL lowered its holdings in IDEX Corporation (NYSE:IEX) by 8.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 156,724 shares of the industrial products company’s stock after selling 14,075 shares during the quarter. Gamco Investors INC. ET AL’s holdings in IDEX were worth $29,707,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of IEX. Empowered Funds LLC increased its position in shares of IDEX by 3.4% in the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 54 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in IDEX by 41.1% during the second 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 bought a new stake in IDEX during the second quarter valued at approximately $219,000. Cerity Partners LLC grew its stake in IDEX by 23.9% in the 2nd quarter. Cerity Partners LLC now owns 18,658 shares of the industrial products company’s stock worth $3,276,000 after buying an additional 3,604 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in IDEX by 4.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 13,513 shares of the industrial products company’s stock worth $2,373,000 after buying an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on IEX shares. Robert W. Baird set a $257.00 price objective on shares of IDEX in a research report on Thursday, April 30th. Oppenheimer upped their target price on shares of IDEX from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday. Citigroup upped their target price on shares of IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Seaport Research Partners reissued a “buy” rating and issued a $250.00 target price on shares of IDEX in a research note on Tuesday, May 5th. Finally, Stifel Nicolaus raised their price target on IDEX from $250.00 to $257.00 and gave the company a “buy” rating in a research report on Monday. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $244.00.

Insider Transactions at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was 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 of the company’s stock, valued at approximately $14,346,134.76. This trade represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by insiders.

IDEX Stock Up 0.4%

Shares of NYSE IEX opened at $223.13 on Friday. The stock has a market capitalization of $16.51 billion, a P/E ratio of 33.01, a PEG ratio of 2.18 and a beta of 0.98. IDEX Corporation has a one year low of $157.25 and a one year high of $231.70. The firm’s 50 day simple moving average is $219.14 and its two-hundred day simple moving average is $206.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, topping 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 firm had revenue of $886.90 million during the quarter, compared to analyst estimates of $845.58 million. During the same period in the previous year, the business posted $1.75 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. 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, analysts expect that IDEX Corporation will post 8.48 EPS for the current fiscal year.

IDEX Announces Dividend

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

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.