IDEX Corporation $IEX Stake Decreased by Weitz Investment Management Inc.

Weitz Investment Management Inc. reduced its holdings in IDEX Corporation (NYSE:IEX) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 391,475 shares of the industrial products company’s stock after selling 15,000 shares during the period. IDEX makes up approximately 4.1% of Weitz Investment Management Inc.’s holdings, making the stock its 10th largest holding. Weitz Investment Management Inc.’s holdings in IDEX were worth $69,659,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in IDEX by 3.4% during the third quarter. Wellington Management Group LLP now owns 6,477,929 shares of the industrial products company’s stock worth $1,054,348,000 after purchasing an additional 211,696 shares during the last quarter. Primecap Management Co. CA increased its position in IDEX by 86.5% during the fourth quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock worth $574,174,000 after purchasing an additional 1,496,207 shares during the last quarter. State Street Corp increased its position in IDEX by 1.8% during the third quarter. State Street Corp now owns 3,154,742 shares of the industrial products company’s stock worth $513,466,000 after purchasing an additional 54,990 shares during the last quarter. Geode Capital Management LLC increased its position in IDEX by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock worth $360,740,000 after purchasing an additional 7,844 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in IDEX by 8.3% during the third quarter. Van ECK Associates Corp now owns 1,913,157 shares of the industrial products company’s stock worth $311,385,000 after purchasing an additional 146,618 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at IDEX

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 66,658 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on IEX shares. BMO Capital Markets started coverage on shares of IDEX in a research report on Friday, March 27th. They set a “market perform” rating and a $214.00 price objective for the company. TD Cowen raised their price objective on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Seaport Research Partners restated a “buy” rating and set a $250.00 price objective on shares of IDEX in a research report on Tuesday, May 5th. Robert W. Baird set a $257.00 price objective on shares of IDEX in a research report on Thursday, April 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of IDEX in a research report on Monday, April 20th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $241.11.

IDEX Price Performance

Shares of IEX opened at $216.93 on Friday. IDEX Corporation has a 1-year low of $157.25 and a 1-year high of $223.94. The stock has a market cap of $16.05 billion, a PE ratio of 32.09, a P/E/G ratio of 2.10 and a beta of 1.00. The firm has a 50-day simple moving average of $207.95 and a two-hundred day simple moving average of $197.07. 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, beating analysts’ consensus estimates of $1.78 by $0.22. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The business had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $845.58 million. During the same period last year, the business earned $1.75 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. 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, analysts forecast that IDEX Corporation will post 8.49 EPS for the current year.

IDEX Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given 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 dividend payout ratio (DPR) is 43.20%.

IDEX 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.