Key Points
- IDEX CAO Lisa Anderson sold 385 shares at an average price of $238.59, generating $91,857.15 and reducing her position by 8.17% to 4,327 shares.
- IDEX reported stronger-than-expected quarterly results, with EPS of $2.32 versus the $2.11 consensus and revenue of $920.6 million, up 6.4% year over year. The company reiterated fiscal 2026 EPS guidance of $8.70–$8.85.
- Analyst sentiment remains positive, with an average “Moderate Buy” rating and a $260.80 price target; IDEX also pays a $0.73 quarterly dividend, equivalent to a 1.2% yield.
IDEX Corporation (NYSE:IEX - Get Free Report) CAO Lisa Anderson sold 385 shares of the business's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total transaction of $91,857.15. Following the sale, the chief accounting officer owned 4,327 shares of the company's stock, valued at approximately $1,032,378.93. The trade was a 8.17% 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.
IDEX Stock Down 0.5%
Shares of NYSE:IEX opened at $239.25 on Friday. The company's fifty day moving average is $225.68 and its two-hundred day moving average is $211.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05. IDEX Corporation has a 1-year low of $158.19 and a 1-year high of $243.80. The stock has a market capitalization of $17.64 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 2.27 and a beta of 0.98.
IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.11 by $0.21. The business had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The company's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business 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. Equities analysts anticipate that IDEX Corporation will post 8.84 EPS for the current year.
IDEX Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 6th were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, July 6th. IDEX's dividend payout ratio is presently 42.01%.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Stifel Nicolaus upped their price objective on IDEX from $257.00 to $268.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Royal Bank Of Canada upped their price target on shares of IDEX from $261.00 to $280.00 and gave the stock an "outperform" rating in a research report on Thursday, July 30th. Mizuho raised shares of IDEX from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $210.00 to $280.00 in a report on Tuesday. Citigroup lifted their price objective on shares of IDEX from $252.00 to $269.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Finally, Weiss Ratings raised shares of IDEX from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, IDEX presently has an average rating of "Moderate Buy" and an average target price of $260.80.
Check Out Our Latest Report on IDEX
Hedge Funds Weigh In On IDEX
Several large investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of IDEX during the 2nd quarter worth about $1,301,393,000. Primecap Management Co. CA increased its stake in shares of IDEX by 86.5% during the fourth 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. Dodge & Cox raised its holdings in IDEX by 266.7% during the fourth quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company's stock worth $224,658,000 after purchasing an additional 918,208 shares in the last quarter. Norges Bank acquired a new stake in IDEX in the fourth quarter worth approximately $162,788,000. Finally, Millennium Management LLC lifted its position in IDEX by 293.6% in the fourth quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company's stock worth $189,286,000 after purchasing an additional 793,530 shares during the period. Institutional investors and hedge funds own 97.96% of the company's stock.
IDEX Company Profile
(
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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