IDEX (NYSE:IEX) CAO Lisa Anderson Sells 385 Shares of Stock

IDEX Corporation (NYSE:IEX) CAO Lisa Anderson sold 385 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total value of $91,857.15. Following the sale, the chief accounting officer directly owned 4,327 shares in the company, valued at $1,032,378.93. This trade represents a 8.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

IDEX Price Performance

Shares of NYSE IEX opened at $239.25 on Friday. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $225.68 and its 200 day moving average price is $211.33. IDEX Corporation has a 52 week low of $158.19 and a 52 week high of $243.80. The stock has a market cap of $17.64 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 2.27 and a beta of 0.98.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.21. The business had revenue of $920.60 million during the quarter, compared to analysts’ expectations of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $2.07 EPS. 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, research analysts forecast that IDEX Corporation will post 8.84 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.2%. IDEX’s payout ratio is 42.01%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IEX. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake 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 in the last quarter. Baader Bank Aktiengesellschaft grew its stake in IDEX by 27.5% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 27,809 shares of the industrial products company’s stock worth $4,948,000 after purchasing an additional 6,000 shares in the last quarter. RNC Capital Management LLC increased its holdings in IDEX by 227.3% in the fourth quarter. RNC Capital Management LLC now owns 19,807 shares of the industrial products company’s stock valued at $3,524,000 after buying an additional 13,755 shares during the last quarter. Geode Capital Management LLC raised its stake in IDEX by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock valued at $360,740,000 after buying an additional 7,844 shares in the last quarter. Finally, Jefferies Financial Group Inc. lifted its holdings in IDEX by 586.2% during the 4th quarter. Jefferies Financial Group Inc. now owns 29,409 shares of the industrial products company’s stock worth $5,233,000 after buying an additional 25,123 shares during the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on IEX shares. Oppenheimer reiterated an “outperform” rating and issued a $265.00 target price on shares of IDEX in a research note on Thursday, July 30th. Mizuho raised shares of IDEX from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $210.00 to $280.00 in a research note on Tuesday. Weiss Ratings raised IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Royal Bank Of Canada boosted their price target on IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Finally, Argus raised their price objective on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $260.80.

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.