Deutsche Bank AG bought a new stake in IDEX Corporation (NYSE:IEX – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 426,901 shares of the industrial products company’s stock, valued at approximately $96,885,000.
Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in IDEX by 3.4% in the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after acquiring an additional 54 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of IDEX by 41.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,043 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 304 shares during the last quarter. Cresset Asset Management LLC acquired a new position in shares of IDEX during the 2nd quarter worth about $219,000. Cerity Partners LLC raised its holdings in shares of IDEX by 23.9% in the 2nd quarter. Cerity Partners LLC now owns 18,658 shares of the industrial products company’s stock valued at $3,276,000 after purchasing an additional 3,604 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in IDEX by 4.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 13,513 shares of the industrial products company’s stock valued at $2,373,000 after purchasing an additional 518 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Weiss Ratings upgraded IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $265.00 price objective on shares of IDEX in a research report on Thursday, July 30th. Seaport Research Partners reissued a “buy” rating and set a $250.00 target price on shares of IDEX in a report on Tuesday, May 5th. Mizuho raised IDEX from a “neutral” rating to an “outperform” rating and raised their price target for the company from $210.00 to $280.00 in a report on Tuesday, August 11th. Finally, TD Cowen lifted their price objective on shares of IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, IDEX has a consensus rating of “Moderate Buy” and an average target price of $260.80.
Insider Buying and Selling at IDEX
In other news, CAO Lisa M. Anderson sold 385 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total value of $91,857.15. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.
IDEX Price Performance
IDEX stock opened at $233.83 on Friday. IDEX Corporation has a 12 month low of $158.19 and a 12 month high of $243.80. The stock’s 50 day moving average is $227.55 and its 200-day moving average is $212.72. 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 has a market capitalization of $17.24 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 2.21 and a beta of 0.98.
IDEX (NYSE:IEX – Get Free Report) last announced its earnings results 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 company had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.07 earnings per share. 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 research analysts expect that IDEX Corporation will post 8.82 EPS for the current year.
IDEX Dividend Announcement
The company also recently announced 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 of this dividend was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.2%. IDEX’s dividend payout ratio (DPR) is currently 42.01%.
IDEX News Roundup
Here are the key news stories impacting IDEX this week:
- Positive Sentiment: Zacks Research raised multiple earnings forecasts. Estimates increased for Q3 2026 EPS to $2.20 from $2.17, FY2026 EPS to $8.70 from $8.46, Q1 2027 EPS to $2.11 from $2.09, FY2027 EPS to $9.21 from $9.20, and FY2028 EPS to $10.45 from $10.27. The revisions indicate improving expectations for IDEX’s industrial-products business. Zacks Research earnings estimates
- Positive Sentiment: Forward earnings growth remains attractive. Zacks’ FY2027 and FY2028 forecasts imply continued EPS expansion, while the current full-year consensus stands at $8.84 per share. IDEX also recently exceeded quarterly earnings and revenue expectations, providing fundamental support for the shares.
- Neutral Sentiment: A board resignation and governance adjustment add uncertainty. The announcement could prompt investors to reassess board oversight, strategy and capital allocation. The impact on the stock will depend on the identity of the departing director and the details of the governance changes. IDEX Announces Board Resignation and Governance Adjustment
- Negative Sentiment: One estimate was reduced. Zacks cut its Q2 2027 EPS forecast to $2.33 from $2.43, suggesting some near-term uncertainty despite the broader upward revision trend.
- Negative Sentiment: Valuation leaves limited room for disappointment. IDEX trades at roughly 34 times earnings, so investors may demand consistent execution and positive estimate revisions. The board news could therefore weigh more heavily than it would for a lower-valued industrial company. IDEX Board Shift Puts Valuation Back In Focus
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.
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