Walleye Capital LLC Invests $4.06 Million in IDEX Corporation $IEX

Walleye Capital LLC bought a new position in shares of IDEX Corporation (NYSE:IEX) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,426 shares of the industrial products company’s stock, valued at approximately $4,061,000.

Other hedge funds have also added to or reduced their stakes in the company. Primecap Management Co. CA increased its stake in IDEX by 86.5% in the 4th quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock valued at $574,174,000 after buying an additional 1,496,207 shares during the last quarter. State Street Corp grew its holdings in shares of IDEX by 0.6% in the 4th quarter. State Street Corp now owns 3,172,410 shares of the industrial products company’s stock valued at $564,499,000 after acquiring an additional 17,668 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of IDEX by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock valued at $360,740,000 after acquiring an additional 7,844 shares in the last quarter. Van ECK Associates Corp increased its position in shares of IDEX by 3.3% in the fourth quarter. Van ECK Associates Corp now owns 1,976,856 shares of the industrial products company’s stock valued at $351,762,000 after acquiring an additional 63,699 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of IDEX by 16.1% in the third quarter. Invesco Ltd. now owns 1,809,788 shares of the industrial products company’s stock valued at $294,561,000 after acquiring an additional 250,447 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Trading Up 0.8%

Shares of NYSE:IEX opened at $222.96 on Thursday. IDEX Corporation has a 52-week low of $157.25 and a 52-week high of $231.70. The company has a market capitalization of $16.50 billion, a P/E ratio of 32.98, a price-to-earnings-growth ratio of 2.17 and a beta of 0.98. The company has a 50-day simple moving average of $218.62 and a 200 day simple moving average of $206.54. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39.

IDEX (NYSE:IEX) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. The business had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.IDEX’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the company posted $1.75 earnings per share. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. Sell-side analysts forecast that IDEX Corporation will post 8.48 earnings per share for the current year.

IDEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 6th will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, July 6th. IDEX’s payout ratio is currently 43.20%.

Insider Activity at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the transaction, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. The trade was a 18.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

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

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.