IDEX Corporation $IEX Shares Sold by Premier Fund Managers Ltd

Premier Fund Managers Ltd trimmed its position in shares of IDEX Corporation (NYSE:IEX) by 32.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 177,899 shares of the industrial products company’s stock after selling 83,689 shares during the period. IDEX accounts for approximately 1.8% of Premier Fund Managers Ltd’s holdings, making the stock its 18th biggest position. Premier Fund Managers Ltd’s holdings in IDEX were worth $31,904,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. GoalVest Advisory LLC acquired a new stake in shares of IDEX in the 4th quarter worth approximately $26,000. Laurel Wealth Advisors LLC acquired a new stake in shares of IDEX in the 4th quarter worth approximately $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of IDEX in the 2nd quarter worth approximately $35,000. UMB Bank n.a. lifted its stake in shares of IDEX by 61.0% in the 3rd quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 75 shares during the period. Finally, Cromwell Holdings LLC lifted its stake in shares of IDEX by 41.1% in the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 58 shares during the period. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Stock Up 1.2%

IDEX stock opened at $218.43 on Thursday. The firm has a market cap of $16.17 billion, a PE ratio of 32.31, a P/E/G ratio of 2.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. The firm’s 50 day moving average price is $199.39 and its two-hundred day moving average price is $188.86. IDEX Corporation has a twelve month low of $157.25 and a twelve month high of $223.85.

IDEX (NYSE:IEX) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.22. The firm had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter 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. On average, research analysts predict that IDEX Corporation will post 8.5 EPS for the current fiscal year.

IDEX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be paid a $0.73 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.92 annualized dividend and a yield of 1.3%. This is a boost from IDEX’s previous quarterly dividend of $0.71. IDEX’s dividend payout ratio (DPR) is currently 42.01%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Robert W. Baird set a $257.00 price target on shares of IDEX in a research note on Thursday, April 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $242.00 price target on shares of IDEX in a research note on Thursday, April 30th. BMO Capital Markets assumed coverage on shares of IDEX in a research note on Friday, March 27th. They issued a “market perform” rating and a $214.00 price target for the company. Royal Bank Of Canada upped their price target on shares of IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Finally, DA Davidson boosted their target price on shares of IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, IDEX has a consensus rating of “Moderate Buy” and a consensus price target of $234.70.

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.