Jupiter Topco LLC acquired a new position in IDEX Corporation (NYSE:IEX – Free Report) in the 2nd quarter, Holdings Channel reports. The firm acquired 140,510 shares of the industrial products company’s stock, valued at approximately $31,888,000.
Other large investors have also bought and sold shares of the company. Empowered Funds LLC raised its holdings in IDEX by 3.4% in the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 54 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in IDEX by 41.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,043 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 304 shares in the last quarter. Cresset Asset Management LLC purchased a new position in IDEX in the 2nd quarter worth approximately $219,000. Cerity Partners LLC raised its stake in shares of IDEX by 23.9% in the second quarter. Cerity Partners LLC now owns 18,658 shares of the industrial products company’s stock worth $3,276,000 after purchasing an additional 3,604 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position 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 worth $2,373,000 after buying an additional 518 shares during the last quarter. 97.96% of the stock is owned by institutional investors.
Insider Activity
In other news, CAO Lisa M. Anderson sold 385 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total transaction of $91,857.15. Following the sale, the chief accounting officer directly owned 4,327 shares of the company’s stock, valued at $1,032,378.93. This represents a 8.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by company insiders.
IDEX Trading Down 1.5%
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, topping analysts’ consensus estimates of $2.11 by $0.21. The company had revenue of $920.60 million for the quarter, compared to analysts’ expectations of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The firm’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. On average, analysts predict that IDEX Corporation will post 8.82 EPS for the current fiscal year.
IDEX Announces Dividend
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 $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, July 6th. IDEX’s payout ratio is 42.01%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. DA Davidson boosted their target price on shares of IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Oppenheimer reissued an “outperform” rating and issued a $265.00 price objective on shares of IDEX in a report on Thursday, July 30th. Stifel Nicolaus boosted their target price on shares of IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Mizuho raised shares of IDEX from a “neutral” rating to an “outperform” rating and upped their target price for the company from $210.00 to $280.00 in a report on Tuesday, August 11th. Finally, TD Cowen increased their price target 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 assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.80.
View Our Latest Stock Report on IDEX
IDEX Company 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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