Key Points
- IDEX CEO Eric Ashleman sold 15,385 shares on May 11 at an average price of $215.22, totaling about $3.31 million. After the sale, he still held 66,658 shares, and the transaction reduced his position by 18.75%.
- IDEX recently beat earnings and revenue expectations for the quarter, reporting EPS of $2.00 versus $1.78 expected and revenue of $886.9 million versus $845.6 million forecast. The company also raised guidance for Q2 2026 and FY 2026.
- The company increased its quarterly dividend to $0.73 per share from $0.71, payable June 5 to shareholders of record on May 22. That implies an annualized dividend of $2.92 and a yield of about 1.4%.
IDEX Corporation (NYSE:IEX - Get Free Report) CEO Eric Ashleman sold 15,385 shares of the firm'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 transaction, the chief executive officer owned 66,658 shares in the company, valued at $14,346,134.76. The trade was a 18.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
IDEX Trading Down 0.8%
Shares of IEX stock opened at $212.12 on Thursday. The stock's fifty day moving average is $199.93 and its two-hundred day moving average is $190.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. The firm has a market capitalization of $15.70 billion, a P/E ratio of 31.38, a PEG ratio of 2.10 and a beta of 1.02. IDEX Corporation has a fifty-two week low of $157.25 and a fifty-two week high of $223.85.
IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The firm's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.75 EPS. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. Research analysts expect that IDEX Corporation will post 8.5 earnings per share for the current fiscal year.
IDEX Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, May 22nd. This is an increase from IDEX's previous quarterly dividend of $0.71. IDEX's payout ratio is 42.01%.
Hedge Funds Weigh In On IDEX
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in IDEX by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 6,477,929 shares of the industrial products company's stock valued at $1,054,348,000 after acquiring an additional 211,696 shares during the period. Primecap Management Co. CA boosted its holdings 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 valued at $574,174,000 after acquiring an additional 1,496,207 shares during the period. State Street Corp boosted its holdings in IDEX by 0.6% during 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 during the period. Nordea Investment Management AB boosted its holdings in IDEX by 193.6% during the 3rd quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company's stock valued at $382,049,000 after acquiring an additional 1,559,124 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in IDEX by 0.4% during 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 during the period. 97.96% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. BMO Capital Markets assumed coverage on IDEX in a report on Friday, March 27th. They issued a "market perform" rating and a $214.00 price objective on the stock. TD Cowen raised their price objective on IDEX from $250.00 to $260.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Oppenheimer reaffirmed an "outperform" rating and issued a $242.00 target price on shares of IDEX in a research note on Thursday, April 30th. Seaport Research Partners reaffirmed a "buy" rating and issued a $250.00 target price on shares of IDEX in a research note on Tuesday, May 5th. Finally, Robert W. Baird set a $257.00 target price on IDEX in a research note on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $234.70.
Check Out Our Latest Research Report on IDEX
About IDEX
(
Get Free Report)
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.
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