Eric Ashleman Sells 15,385 Shares of IDEX (NYSE:IEX) Stock

IDEX Corporation (NYSE:IEX) CEO Eric 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 sale, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at $14,346,134.76. This represents a 18.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

IDEX Price Performance

Shares of NYSE:IEX opened at $211.21 on Friday. IDEX Corporation has a fifty-two week low of $157.25 and a fifty-two week high of $223.85. The business has a 50-day moving average of $199.97 and a two-hundred day moving average of $190.81. The stock has a market capitalization of $15.63 billion, a P/E ratio of 31.24, a P/E/G ratio of 2.08 and a beta of 1.02. 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 results 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 return on equity of 15.29% and a net margin of 14.38%.The company had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $845.58 million. During the same quarter in the previous year, the firm earned $1.75 earnings per share. The business’s quarterly 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. On average, equities research analysts predict that IDEX Corporation will post 8.5 EPS for the current fiscal year.

IDEX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a $0.73 dividend. This is an increase from IDEX’s previous quarterly dividend of $0.71. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 22nd. IDEX’s payout ratio is presently 42.01%.

Hedge Funds Weigh In On IDEX

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nuance Investments LLC grew its stake in shares of IDEX by 102.3% in the 3rd quarter. Nuance Investments LLC now owns 162,594 shares of the industrial products company’s stock valued at $26,464,000 after purchasing an additional 82,223 shares during the period. Nordea Investment Management AB boosted its holdings in shares of IDEX by 193.6% in the 3rd quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock worth $382,049,000 after acquiring an additional 1,559,124 shares in the last quarter. ING Groep NV acquired a new position in IDEX during the 3rd quarter worth $887,000. Robeco Schweiz AG lifted its holdings in IDEX by 14.2% during the 3rd quarter. Robeco Schweiz AG now owns 271,089 shares of the industrial products company’s stock worth $44,122,000 after buying an additional 33,752 shares in the last quarter. Finally, Numerai GP LLC lifted its holdings in IDEX by 19.4% during the 3rd quarter. Numerai GP LLC now owns 62,313 shares of the industrial products company’s stock worth $10,142,000 after buying an additional 10,114 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on IEX shares. TD Cowen boosted their price target on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Citigroup boosted their price target on 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 reaffirmed a “buy” rating and issued a $250.00 price target on shares of IDEX in a research report on Tuesday, May 5th. Stifel Nicolaus set a $250.00 price target on IDEX in a research report on Thursday, April 30th. Finally, Oppenheimer reissued an “outperform” rating and set a $242.00 price objective on shares of IDEX in a research report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $234.70.

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.