4,526 Shares in IDEX Corporation $IEX Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in IDEX Corporation (NYSE:IEX) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 4,526 shares of the industrial products company’s stock, valued at approximately $1,027,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new stake in IDEX during the 2nd quarter worth $331,000. Walleye Capital LLC purchased a new stake in shares of IDEX during the second quarter worth $5,984,000. Contravisory Investment Management Inc. acquired a new stake in shares of IDEX in the second quarter valued at about $1,179,000. Everhart Financial Group Inc. boosted its position in IDEX by 6.3% during the second quarter. Everhart Financial Group Inc. now owns 1,249 shares of the industrial products company’s stock worth $283,000 after acquiring an additional 74 shares during the last quarter. Finally, Rockland Trust Co. boosted its position in IDEX by 3.1% during the second quarter. Rockland Trust Co. now owns 2,623 shares of the industrial products company’s stock worth $595,000 after acquiring an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Trading Up 0.6%

Shares of IEX opened at $240.42 on Tuesday. IDEX Corporation has a 12-month low of $158.19 and a 12-month high of $243.80. The firm has a market capitalization of $17.72 billion, a P/E ratio of 34.59, a P/E/G ratio of 2.25 and a beta of 0.98. The firm has a 50-day moving average price of $226.58 and a 200 day moving average price of $211.95. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46.

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

IDEX Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have commented on IEX shares. Mizuho upgraded shares of IDEX from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $210.00 to $280.00 in a report on Tuesday, August 11th. Seaport Research Partners restated a “buy” rating and set a $250.00 target price on shares of IDEX in a report on Tuesday, May 5th. Oppenheimer restated an “outperform” rating and issued a $265.00 price target on shares of IDEX in a research report on Thursday, July 30th. DA Davidson increased their price target on IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, Argus increased their price target on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Eight analysts have rated the stock with a Buy rating and two have issued 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 $260.80.

Insider Activity at IDEX

In related news, CAO Lisa M. Anderson sold 385 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total value of $91,857.15. Following the transaction, the chief accounting officer directly owned 4,327 shares in the company, valued at approximately $1,032,378.93. This represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.50% of the company’s stock.

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.