IDEX Corporation $IEX Stock Holdings Cut by Fenimore Asset Management Inc

Fenimore Asset Management Inc reduced its holdings in IDEX Corporation (NYSE:IEX) by 3.3% during the 3rd quarter, Holdings Channel reports. The firm owned 772,862 shares of the industrial products company’s stock after selling 26,777 shares during the quarter. IDEX makes up about 3.8% of Fenimore Asset Management Inc’s holdings, making the stock its 6th largest holding. Fenimore Asset Management Inc’s holdings in IDEX were worth $176,197,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in IEX. Everhart Financial Group Inc. raised its stake in shares of IDEX by 11.4% during the 3rd quarter. Everhart Financial Group Inc. now owns 1,392 shares of the industrial products company’s stock worth $317,000 after buying an additional 143 shares during the period. Elevation Wealth Partners LLC grew its stake in IDEX by 42.7% in the 3rd quarter. Elevation Wealth Partners LLC now owns 147 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 44 shares during the period. Rockland Trust Co. increased its holdings in IDEX by 4.5% in the 3rd quarter. Rockland Trust Co. now owns 2,740 shares of the industrial products company’s stock worth $625,000 after acquiring an additional 117 shares in the last quarter. Versant Capital Management Inc raised its position in IDEX by 33.2% during the third quarter. Versant Capital Management Inc now owns 898 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 224 shares during the period. Finally, Burkett Financial Services LLC acquired a new position in IDEX during the third quarter worth $27,000. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Lisa Anderson sold 385 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total value of $91,857.15. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

IEX has been the topic of several research analyst reports. Oppenheimer lifted their target price on shares of IDEX from $265.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, September 9th. Vertical Research began coverage on shares of IDEX in a research report on Tuesday, September 8th. They set a “buy” rating and a $250.00 price target for the company. Royal Bank Of Canada raised their price target 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. TD Cowen lifted their price objective on IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Mizuho upgraded IDEX from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $210.00 to $280.00 in a research note on Tuesday, August 11th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $260.27.

IDEX Trading Down 0.5%

IEX traded down $1.15 during trading hours on Thursday, reaching $231.76. The company’s stock had a trading volume of 828,193 shares, compared to its average volume of 733,776. The stock has a market cap of $17.09 billion, a PE ratio of 33.35, a P/E/G ratio of 2.68 and a beta of 0.97. IDEX Corporation has a fifty-two week low of $159.27 and a fifty-two week high of $243.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. The business’s 50-day moving average is $230.39 and its 200-day moving average is $218.52.

IDEX (NYSE:IEX) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping 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 company had revenue of $920.60 million during the quarter, compared to analysts’ expectations of $905.38 million. During the same quarter last year, the firm earned $2.07 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. As a group, equities research analysts predict that IDEX Corporation will post 8.83 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, October 2nd. IDEX’s dividend payout ratio (DPR) is presently 42.01%.

IDEX Company Profile

IDEX Corporation (NYSE: IEX) is a diversified industrial company that designs, manufactures and sells engineered products and technologies used to move, control and monitor fluids. Its products serve a range of industrial, commercial and specialty applications where precision, reliability and performance are important.

The company operates through three primary segments: Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products. Its offerings include pumps, valves, flow meters, compressors, dispensing equipment, precision fluidics components and related systems.