IDEX Corporation $IEX Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its holdings in IDEX Corporation (NYSE:IEX) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,799 shares of the industrial products company’s stock after selling 3,600 shares during the period. Gamco Investors INC. ET AL’s holdings in IDEX were worth $30,392,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Primecap Management Co. CA lifted its position in shares of IDEX by 250.7% during the 3rd quarter. Primecap Management Co. CA now owns 1,730,580 shares of the industrial products company’s stock worth $281,669,000 after purchasing an additional 1,237,129 shares during the last quarter. Dodge & Cox purchased a new stake in shares of IDEX during the 3rd quarter worth $56,045,000. Two Sigma Investments LP lifted its position in shares of IDEX by 446.8% during the 3rd quarter. Two Sigma Investments LP now owns 329,337 shares of the industrial products company’s stock worth $53,603,000 after purchasing an additional 269,109 shares during the last quarter. Invesco Ltd. lifted its position in shares of IDEX by 16.1% during the 3rd quarter. Invesco Ltd. now owns 1,809,788 shares of the industrial products company’s stock worth $294,561,000 after purchasing an additional 250,447 shares during the last quarter. Finally, Amundi lifted its position in shares of IDEX by 18.7% during the 3rd quarter. Amundi now owns 1,517,903 shares of the industrial products company’s stock worth $248,751,000 after purchasing an additional 239,215 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Price Performance

Shares of IEX opened at $207.72 on Monday. IDEX Corporation has a 1-year low of $157.25 and a 1-year high of $223.85. The stock has a market cap of $15.37 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40. The firm has a fifty day moving average price of $199.95 and a 200 day moving average price of $191.10.

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, beating analysts’ consensus estimates of $1.78 by $0.22. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The firm had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $845.58 million. During the same period in the previous year, the company earned $1.75 earnings per share. IDEX’s quarterly 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. As a group, sell-side analysts anticipate that IDEX Corporation will post 8.5 EPS for the current year.

IDEX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. This is a boost from IDEX’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Friday, May 22nd. IDEX’s dividend payout ratio is presently 42.01%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on IEX shares. Argus raised shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 price objective for the company in a research report on Friday, February 6th. DA Davidson lifted their price objective on shares of IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IDEX in a research report on Monday, April 20th. BMO Capital Markets started coverage on shares of IDEX in a research report on Friday, March 27th. They set a “market perform” rating and a $214.00 price objective for the company. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $242.00 price objective on shares of IDEX in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, IDEX presently has a consensus rating of “Moderate Buy” and a consensus price target of $240.22.

Insiders Place Their Bets

In related news, CEO Eric D. Ashleman sold 15,385 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $215.22, for a total value of $3,311,159.70. Following the completion of the sale, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at $14,346,134.76. The trade was a 18.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.