Port Capital LLC purchased a new stake in shares of IDEX Corporation (NYSE:IEX – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 108,202 shares of the industrial products company’s stock, valued at approximately $24,556,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of IDEX in the 2nd quarter valued at about $1,301,393,000. Primecap Management Co. CA bought a new stake in shares of IDEX in the 2nd quarter worth approximately $748,951,000. State Street Corp lifted its stake in 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 buying an additional 17,668 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 purchasing an additional 7,844 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of IDEX by 3.3% during the fourth quarter. Van ECK Associates Corp now owns 1,976,856 shares of the industrial products company’s stock worth $351,762,000 after buying an additional 63,699 shares during the period. Institutional investors own 97.96% of the company’s stock.
More IDEX News
Here are the key news stories impacting IDEX this week:
- Positive Sentiment: Zacks increased its FY2026 EPS estimate to $8.71 from $8.70, Q4 2026 to $2.20 from $2.18, and Q1 2027 to $2.12 from $2.11.
- Positive Sentiment: Longer-term estimates also improved: FY2027 EPS rose to $9.26 from $9.21, Q4 2027 to $2.42 from $2.38, Q1 2028 to $2.38 from $2.36, and FY2028 to $10.54 from $10.45. The revisions imply continued earnings growth, although the increases were relatively small.
- Positive Sentiment: The revised FY2026 estimate of $8.71 remains close to the broader analyst consensus of $8.82. IDEX’s latest reported quarter also showed earnings and revenue ahead of expectations, with EPS of $2.32 and revenue of $920.6 million, up 6.4% year over year.
- Neutral Sentiment: The six Zacks updates largely repeat the same forecast changes rather than representing separate fundamental developments. Investors may view them as supportive, but the limited size of the revisions may constrain their impact.
- Neutral Sentiment: IDEX shares have increased and are trading near the upper end of their 52-week range, above both their 50-day and 200-day moving averages. With a market capitalization of approximately $17.3 billion and a forward-looking valuation near 27 times earnings, further gains may depend on the company converting the raised forecasts into actual results.
- Neutral Sentiment: A separate report concerns IDEX Biometrics ASA (OTC: IDXAF), which granted incentive subscription rights to two senior employees. That company is unrelated to IDEX Corporation and should not affect IEX shares. IDEX Biometrics executive incentive rights announcement
Wall Street Analyst Weigh In
Get Our Latest Stock Analysis on IDEX
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 Price Performance
NYSE:IEX opened at $234.91 on Thursday. The business’s 50-day moving average price is $228.47 and its 200 day moving average price is $213.48. The firm has a market cap of $17.32 billion, a P/E ratio of 33.80, a PEG ratio of 2.17 and a beta of 0.98. IDEX Corporation has a 52-week low of $158.19 and a 52-week high of $243.80. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46.
IDEX (NYSE:IEX – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The company had revenue of $920.60 million during the quarter, compared to the consensus estimate of $905.38 million. During the same period in the prior year, the company earned $2.07 EPS. IDEX’s 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. As a group, sell-side analysts predict that IDEX Corporation will post 8.82 earnings per share 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 issued a $0.73 dividend. 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 payout ratio is presently 42.01%.
IDEX Profile
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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