IDEX Corporation $IEX Shares Bought by SummitTX Capital L.P.

SummitTX Capital L.P. grew its stake in IDEX Corporation (NYSE:IEX) by 15.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 20,197 shares of the industrial products company’s stock after buying an additional 2,732 shares during the quarter. SummitTX Capital L.P.’s holdings in IDEX were worth $3,828,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Deprince Race & Zollo Inc. lifted its stake in IDEX by 4.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 359,152 shares of the industrial products company’s stock worth $63,908,000 after acquiring an additional 14,952 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of IDEX by 4.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 160,520 shares of the industrial products company’s stock valued at $28,743,000 after purchasing an additional 6,901 shares during the last quarter. SG Americas Securities LLC increased its position in shares of IDEX by 2,690.4% in the 4th quarter. SG Americas Securities LLC now owns 32,508 shares of the industrial products company’s stock valued at $5,784,000 after purchasing an additional 31,343 shares during the last quarter. Baader Bank Aktiengesellschaft raised its holdings in shares of IDEX by 27.5% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 27,809 shares of the industrial products company’s stock valued at $4,948,000 after purchasing an additional 6,000 shares in the last quarter. Finally, RNC Capital Management LLC raised its holdings in shares of IDEX by 227.3% in the 4th quarter. RNC Capital Management LLC now owns 19,807 shares of the industrial products company’s stock valued at $3,524,000 after purchasing an additional 13,755 shares in the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Stock Up 0.1%

Shares of NYSE IEX opened at $223.47 on Tuesday. The stock has a market cap of $16.54 billion, a PE ratio of 33.06, a price-to-earnings-growth ratio of 2.19 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. IDEX Corporation has a 52-week low of $157.25 and a 52-week high of $231.70. The business has a 50-day moving average price of $219.44 and a 200 day moving average price of $207.42.

IDEX (NYSE:IEX) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.78 by $0.22. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The company had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. During the same quarter in the previous year, the company posted $1.75 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. 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 forecast that IDEX Corporation will post 8.48 earnings per share for the current year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were given a $0.73 dividend. The ex-dividend date was Monday, July 6th. This represents a $2.92 annualized dividend and a yield of 1.3%. IDEX’s dividend payout ratio is 43.20%.

Analyst Ratings Changes

A number of brokerages recently commented on IEX. Oppenheimer boosted their target price on shares of IDEX from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. Citigroup upped their price objective on IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings raised IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Seaport Research Partners restated a “buy” rating and set a $250.00 target price on shares of IDEX in a research note on Tuesday, May 5th. Finally, Robert W. Baird set a $257.00 price target on shares of IDEX in a research note on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.00.

Insider Buying and Selling

In related news, CEO Eric D. Ashleman sold 15,385 shares of the 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 completion of the sale, the chief executive officer owned 66,658 shares in the company, valued at $14,346,134.76. This represents a 18.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by company insiders.

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.