IDEX (NYSE:IEX) CEO Sells $3,311,159.70 in Stock

IDEX Corporation (NYSE:IEXGet Free Report) CEO Eric Ashleman sold 15,385 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were 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 $14,346,134.76. This represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

IDEX Stock Performance

Shares of IEX stock traded down $1.73 during trading hours on Wednesday, hitting $212.12. 383,454 shares of the company were exchanged, compared to its average volume of 812,336. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $15.70 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 2.10 and a beta of 1.02. The firm has a fifty day simple moving average of $199.92 and a 200 day simple moving average of $190.20. IDEX Corporation has a 52-week low of $157.25 and a 52-week high of $223.85.

IDEX (NYSE:IEXGet Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.78 by $0.22. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The business had revenue of $886.90 million for the quarter, compared to the consensus estimate of $845.58 million. During the same quarter in the prior year, the business earned $1.75 earnings per share. IDEX’s revenue for the quarter was up 8.9% on a year-over-year basis. 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 predict that IDEX Corporation will post 8.5 earnings per share for the current fiscal year.

IDEX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, May 22nd. This is a positive change from IDEX’s previous quarterly dividend of $0.71. IDEX’s dividend payout ratio is currently 42.01%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IEX. Royal Bank Of Canada boosted their price objective on IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Argus upgraded shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 target price for the company in a research report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of IDEX in a research note on Monday, April 20th. DA Davidson boosted their price target on shares of IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Finally, TD Cowen upped their price target on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $234.70.

Read Our Latest Research Report on IEX

Institutional Trading of IDEX

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP grew 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 buying an additional 211,696 shares in the last quarter. Primecap Management Co. CA lifted its holdings in shares of IDEX by 86.5% in the fourth quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock worth $574,174,000 after buying an additional 1,496,207 shares in the last quarter. State Street Corp boosted its position in shares of IDEX by 0.6% in the fourth 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 position in shares of IDEX by 193.6% in the third 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 grew 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 acquiring an additional 7,844 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors.

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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