Lisa Anderson Sells 385 Shares of IDEX (NYSE:IEX) Stock

IDEX Corporation (NYSE:IEX) CAO Lisa Anderson sold 385 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were 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 directly owned 4,327 shares in the company, valued at approximately $1,032,378.93. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

IDEX Price Performance

Shares of IEX opened at $238.72 on Friday. The business’s 50-day moving average is $226.14 and its two-hundred day moving average is $211.52. The company has a market capitalization of $17.60 billion, a P/E ratio of 34.35, a P/E/G ratio of 2.25 and a beta of 0.98. IDEX Corporation has a fifty-two week low of $158.19 and a fifty-two week high of $243.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The business had revenue of $920.60 million during the quarter, compared to analysts’ expectations of $905.38 million. During the same quarter in the previous year, the firm posted $2.07 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Research analysts predict that IDEX Corporation will post 8.84 earnings per share for the current year.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were issued a $0.73 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a yield of 1.2%. IDEX’s payout ratio is presently 42.01%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IEX. BlackRock Inc. acquired a new stake in shares of IDEX in the second quarter valued at approximately $1,301,393,000. Primecap Management Co. CA acquired a new position in IDEX during the second quarter worth $748,951,000. Dodge & Cox boosted its stake in IDEX by 266.7% during the fourth quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company’s stock worth $224,658,000 after buying an additional 918,208 shares during the last quarter. Norges Bank purchased a new stake in IDEX in the 4th quarter valued at $162,788,000. Finally, Millennium Management LLC grew its holdings in IDEX by 293.6% in 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. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IEX has been the topic of a number of analyst reports. Seaport Research Partners reaffirmed a “buy” rating and set a $250.00 price objective on shares of IDEX in a research note on Tuesday, May 5th. Royal Bank Of Canada boosted their target price on shares of IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. 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 report on Thursday, July 30th. DA Davidson raised their price target on shares of IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings raised shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $260.80.

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.