LRT Capital Management LLC Acquires Shares of 3,056 IDEX Corporation $IEX

LRT Capital Management LLC acquired a new stake in IDEX Corporation (NYSE:IEX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 3,056 shares of the industrial products company’s stock, valued at approximately $544,000.

Several other large investors also recently added to or reduced their stakes in IEX. Primecap Management Co. CA boosted its position in IDEX by 86.5% in the 4th quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock valued at $574,174,000 after buying an additional 1,496,207 shares during the period. Dodge & Cox boosted its position in IDEX by 266.7% in the 4th quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company’s stock valued at $224,658,000 after buying an additional 918,208 shares during the period. Norges Bank purchased a new stake in IDEX in the 4th quarter valued at about $162,788,000. Arrowstreet Capital Limited Partnership boosted its position in IDEX by 138.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 463,262 shares of the industrial products company’s stock valued at $82,433,000 after buying an additional 269,281 shares during the period. Finally, Two Sigma Investments LP boosted its position in IDEX by 446.8% in the 3rd quarter. Two Sigma Investments LP now owns 329,337 shares of the industrial products company’s stock valued at $53,603,000 after buying an additional 269,109 shares during the period. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Price Performance

Shares of IEX opened at $218.12 on Friday. The company has a 50 day moving average price of $208.47 and a 200-day moving average price of $197.22. IDEX Corporation has a fifty-two week low of $157.25 and a fifty-two week high of $223.94. The stock has a market capitalization of $16.14 billion, a PE 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 quick ratio of 2.40 and a current ratio of 3.39.

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, topping the consensus estimate of $1.78 by $0.22. The firm had revenue of $886.90 million during 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 company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Equities analysts predict that IDEX Corporation will post 8.49 earnings per share for the current fiscal year.

IDEX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors 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. The ex-dividend date was Friday, May 22nd. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. IDEX’s dividend payout ratio (DPR) is presently 43.20%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. TD Cowen boosted their price objective on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Seaport Research Partners reissued a “buy” rating and issued a $250.00 price objective on shares of IDEX in a research report on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IDEX in a research report on Monday, April 20th. BMO Capital Markets assumed coverage on shares of IDEX in a research report on Friday, March 27th. They issued a “market perform” rating and a $214.00 price target for the company. Finally, Citigroup upped their price target on shares of IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, IDEX presently has an average rating of “Moderate Buy” and an average target price of $241.11.

Insider Activity at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of the business’s 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 completion of the transaction, the chief executive officer owned 66,658 shares in the company, valued at $14,346,134.76. The trade was a 18.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by company insiders.

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.