Congruence Capital LLC Takes Position in IDEX Corporation $IEX

Congruence Capital LLC purchased a new position in IDEX Corporation (NYSE:IEX) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 95,966 shares of the industrial products company’s stock, valued at approximately $17,076,000. IDEX makes up 6.3% of Congruence Capital LLC’s investment portfolio, making the stock its 4th largest position.

A number of other large investors also recently bought and sold shares of the business. GoalVest Advisory LLC bought a new position in IDEX in the 4th quarter valued at $26,000. Laurel Wealth Advisors LLC bought a new stake in shares of IDEX during the fourth quarter worth $27,000. Cromwell Holdings LLC lifted its position in shares of IDEX by 41.1% during the fourth quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 58 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of IDEX during the second quarter valued at $35,000. Finally, MUFG Securities EMEA plc bought a new position in shares of IDEX in the second quarter worth about $39,000. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Insider Transactions at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction that occurred on 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 of the company’s stock, valued at $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 SEC, which is available through this link. 0.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

IEX has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IDEX in a research note on Monday, April 20th. TD Cowen upped their target price on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Seaport Research Partners reaffirmed a “buy” rating and set a $250.00 target price on shares of IDEX in a research report on Tuesday, May 5th. Robert W. Baird set a $257.00 price target on shares of IDEX in a research note on Thursday, April 30th. Finally, Citigroup boosted their price target on IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Six 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, IDEX presently has an average rating of “Moderate Buy” and a consensus price target of $241.11.

IDEX Stock Performance

IEX stock opened at $218.12 on Friday. IDEX Corporation has a 1-year low of $157.25 and a 1-year high of $223.94. The business has a 50-day moving average price of $208.47 and a 200 day moving average price of $197.22. The company has a market capitalization of $16.14 billion, a P/E ratio of 32.27, a PEG ratio of 2.14 and a beta of 1.00. 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 issued its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.22. The company had revenue of $886.90 million for the quarter, compared to analysts’ expectations of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.75 EPS. 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, equities research analysts forecast that IDEX Corporation will post 8.49 EPS for the current fiscal year.

IDEX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.73 per share. This is a boost from IDEX’s previous quarterly dividend of $0.71. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, May 22nd. IDEX’s payout ratio is 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.