Oxbow Advisors LLC Purchases Shares of 16,911 IDEX Corporation $IEX

Oxbow Advisors LLC purchased a new stake in IDEX Corporation (NYSE:IEX) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 16,911 shares of the industrial products company’s stock, valued at approximately $3,838,000.

Several other large investors have also recently made changes to their positions in IEX. BlackRock Inc. purchased a new position in shares of IDEX during the 2nd quarter worth approximately $1,301,393,000. Primecap Management Co. CA raised its position in IDEX by 86.5% in the fourth quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock valued at $574,174,000 after purchasing an additional 1,496,207 shares during the period. Dodge & Cox lifted its stake in IDEX by 266.7% during the fourth quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company’s stock worth $224,658,000 after purchasing an additional 918,208 shares in the last quarter. Norges Bank acquired a new position in IDEX during the fourth quarter worth $162,788,000. Finally, Millennium Management LLC boosted its position in shares of IDEX by 293.6% during the fourth quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company’s stock worth $189,286,000 after buying an additional 793,530 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at IDEX

In related news, CAO Lisa M. Anderson sold 385 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total transaction of $91,857.15. Following the sale, the chief accounting officer directly owned 4,327 shares in the company, valued at approximately $1,032,378.93. This represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings raised IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Robert W. Baird set a $257.00 target price on IDEX in a research report on Thursday, April 30th. TD Cowen boosted their price target on shares of IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Argus raised their price objective on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, DA Davidson lifted their price objective on shares of IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $260.80.

IDEX Stock Down 2.5%

Shares of NYSE IEX opened at $234.29 on Wednesday. The stock has a market cap of $17.27 billion, a P/E ratio of 33.71, a PEG ratio of 2.25 and a beta of 0.98. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 12-month low of $158.19 and a 12-month high of $243.80. The business’s fifty day simple moving average is $226.83 and its 200-day simple moving average is $212.22.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The firm had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. During the same period last year, the business posted $2.07 earnings per share. IDEX’s revenue was up 6.4% compared to the same quarter last year. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. As a group, equities analysts predict that IDEX Corporation will post 8.84 EPS for the current fiscal year.

IDEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 6th were paid a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, July 6th. IDEX’s dividend payout ratio (DPR) is presently 42.01%.

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.