Wealthfront Advisers LLC Takes Position in IDEX Corporation $IEX

Wealthfront Advisers LLC bought a new position in shares of IDEX Corporation (NYSE:IEX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,019 shares of the industrial products company’s stock, valued at approximately $912,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IEX. BlackRock Inc. bought a new stake in shares of IDEX in the second quarter worth $1,301,393,000. Primecap Management Co. CA raised its position in IDEX by 86.5% during the 4th 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. Dodge & Cox lifted its holdings in IDEX by 266.7% during the 4th quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company’s stock worth $224,658,000 after buying an additional 918,208 shares during the period. Norges Bank bought a new stake in shares of IDEX in the 4th quarter valued at about $162,788,000. Finally, Millennium Management LLC grew its position in shares of IDEX by 293.6% in the 4th quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company’s stock valued at $189,286,000 after buying an additional 793,530 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, CAO Lisa M. Anderson sold 385 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total value of $91,857.15. Following the transaction, the chief accounting officer directly owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. This trade 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 this hyperlink. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IEX. DA Davidson raised their price objective on IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Seaport Research Partners reiterated a “buy” rating and issued a $250.00 target price on shares of IDEX in a report on Tuesday, May 5th. TD Cowen increased their target price on shares of IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Robert W. Baird set a $257.00 price target on shares of IDEX in a report on Thursday, April 30th. Finally, Mizuho raised shares of IDEX from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $210.00 to $280.00 in a research note on Tuesday, August 11th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $260.80.

IDEX Stock Performance

Shares of IDEX stock opened at $234.57 on Friday. The business has a 50-day simple moving average of $227.88 and a 200 day simple moving average of $212.87. The firm has a market capitalization of $17.29 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 2.21 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. IDEX Corporation has a one year low of $158.19 and a one year high of $243.80.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 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 analysts’ expectations of $905.38 million. During the same quarter last year, the firm posted $2.07 earnings per share. The company’s revenue for the quarter 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. On average, research analysts anticipate that IDEX Corporation will post 8.82 earnings per share for the current fiscal year.

IDEX Dividend Announcement

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

IDEX News Roundup

Here are the key news stories impacting IDEX this week:

• Positive Sentiment: Analysts raised several forward earnings forecasts. Zacks Research lifted its FY2026 EPS estimate to $8.70 from $8.46, Q3 2026 to $2.20 from $2.17, Q1 2027 to $2.11 from $2.09, FY2027 to $9.21 from $9.20, and FY2028 to $10.45 from $10.27. The upgrades suggest expectations for improving earnings momentum beyond the current year. IDEX analyst estimates
• Positive Sentiment: Longer-term earnings growth remains a key support. The FY2028 forecast implies continued expansion from the approximately $8.70 expected for FY2026, while the company’s latest reported quarter exceeded consensus estimates for both revenue and EPS. IDEX financial information
• Neutral Sentiment: Board changes may increase investor focus on governance and valuation. IDEX announced a board resignation and a governance adjustment. The development does not provide a clear operating-impact signal, but investors may scrutinize leadership, capital allocation, and whether the company’s premium valuation is justified. IDEX board resignation and governance adjustment
• Negative Sentiment: Some estimates were reduced. Zacks cut its Q2 2027 EPS forecast to $2.33 from $2.43 and its Q2 2028 forecast to $2.43 from $2.54. These isolated reductions temper the broader upgrade story and could limit upside if investors view them as signs of uneven demand or execution. IDEX revised earnings estimates

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.