Polar Asset Management Partners Inc. Takes $3.81 Million Position in IDEX Corporation $IEX

Polar Asset Management Partners Inc. purchased a new position in shares of IDEX Corporation (NYSE:IEXFree Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,800 shares of the industrial products company’s stock, valued at approximately $3,813,000.

Other large investors have also modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new position in IDEX during the 4th quarter valued at about $27,000. Optiver Holding B.V. acquired a new stake in shares of IDEX in the first quarter valued at approximately $27,000. SJS Investment Consulting Inc. increased its stake in shares of IDEX by 104.1% in the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 76 shares during the period. Quantbot Technologies LP bought a new stake in shares of IDEX during the second quarter valued at approximately $33,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of IDEX during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

Insider Buying and Selling

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of IDEX stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total value of $91,857.15. Following the transaction, the chief accounting officer owned 4,327 shares in the company, valued at approximately $1,032,378.93. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

IDEX Stock Down 1.5%

IEX opened at $230.16 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05. The company has a market capitalization of $16.97 billion, a PE ratio of 33.12, a P/E/G ratio of 2.21 and a beta of 0.98. The stock’s fifty day moving average is $228.24 and its 200-day moving average is $213.32. IDEX Corporation has a one year low of $158.19 and a one year high of $243.80.

IDEX (NYSE:IEXGet Free Report) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The business had revenue of $920.60 million during the quarter, compared to analysts’ expectations of $905.38 million. During the same quarter last year, the business posted $2.07 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. On average, equities analysts predict that IDEX Corporation will post 8.82 EPS for the current fiscal year.

IDEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were paid a dividend of $0.73 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 annualized dividend and a yield of 1.3%. IDEX’s dividend payout ratio is currently 42.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada increased their price objective on IDEX from $261.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Argus lifted their target price on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Seaport Research Partners reiterated a “buy” rating and set a $250.00 price target on shares of IDEX in a research report on Tuesday, May 5th. Citigroup increased their price target on IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Robert W. Baird set a $257.00 price target on IDEX in a report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $260.80.

Read Our Latest Research Report on IEX

IDEX Company Profile

(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.

See Also

Institutional Ownership by Quarter for IDEX (NYSE:IEX)

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