Kestra Private Wealth Services LLC Purchases New Position in IDEX Corporation $IEX

Kestra Private Wealth Services LLC bought a new stake in shares of IDEX Corporation (NYSE:IEX) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,684 shares of the industrial products company’s stock, valued at approximately $509,000.

Other institutional investors and hedge funds have also modified their holdings of the company. GoalVest Advisory LLC bought a new position in shares of IDEX during the fourth quarter valued at $26,000. Laurel Wealth Advisors LLC bought a new stake in IDEX in the 4th quarter worth about $27,000. Cromwell Holdings LLC increased its holdings in 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 buying an additional 58 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in IDEX in the 2nd quarter worth about $35,000. Finally, MUFG Securities EMEA plc bought a new position in IDEX during the 2nd quarter valued at about $39,000. Institutional investors own 97.96% of the company’s stock.

Insider Buying and Selling at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction 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 transaction, the chief executive officer owned 66,658 shares in the company, valued at $14,346,134.76. This trade represents a 18.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on IEX shares. Robert W. Baird set a $257.00 price target on shares of IDEX in a report on Thursday, April 30th. Royal Bank Of Canada raised their target price on shares of IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Oppenheimer reiterated an “outperform” rating and set a $250.00 target price (up from $242.00) on shares of IDEX in a research note on Tuesday, June 2nd. TD Cowen increased their price target on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, IDEX currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.11.

IDEX Price Performance

NYSE IEX opened at $224.26 on Friday. IDEX Corporation has a 52 week low of $157.25 and a 52 week high of $230.18. The firm has a market capitalization of $16.60 billion, a P/E ratio of 33.17, a PEG ratio of 2.20 and a beta of 0.98. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $216.05 and a 200-day moving average price of $202.37.

IDEX (NYSE:IEX) last issued its quarterly earnings data 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 for 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 business’s quarterly revenue was up 8.9% on a year-over-year basis. 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. Equities research analysts anticipate that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, July 6th will be given a $0.73 dividend. The ex-dividend date is Monday, July 6th. This represents a $2.92 annualized dividend and a yield of 1.3%. IDEX’s dividend payout ratio (DPR) is presently 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.