Praxis Investment Management Inc. Buys New Shares in IDEX Corporation $IEX

Praxis Investment Management Inc. bought a new position in shares of IDEX Corporation (NYSE:IEX) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,674 shares of the industrial products company’s stock, valued at approximately $507,000.

Other large investors have also recently bought and sold shares of the company. GoalVest Advisory LLC bought a new position in IDEX in the fourth quarter valued at approximately $26,000. Laurel Wealth Advisors LLC bought a new stake in shares of IDEX during the 4th quarter worth approximately $27,000. SJS Investment Consulting Inc. raised its stake in shares of IDEX by 104.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 76 shares in the last quarter. Cromwell Holdings LLC boosted its holdings in shares of IDEX by 41.1% in the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock valued at $35,000 after buying an additional 58 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of IDEX in the 2nd quarter valued at approximately $35,000. 97.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction dated 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 completion of the sale, the chief executive officer owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. The trade was a 18.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on IEX shares. Royal Bank Of Canada boosted their target price on shares of IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. TD Cowen increased 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. Weiss Ratings raised shares of IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. BMO Capital Markets began coverage on shares of IDEX in a research note on Friday, March 27th. They set a “market perform” rating and a $214.00 price objective on the stock. Finally, Stifel Nicolaus set a $250.00 target price on shares of IDEX in a report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $241.11.

IDEX Stock Up 0.2%

IEX stock opened at $224.26 on Monday. 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 firm has a market capitalization of $16.60 billion, a PE ratio of 33.17, a PEG ratio of 2.20 and a beta of 0.98. IDEX Corporation has a 1-year low of $157.25 and a 1-year high of $230.18. The business’s 50 day simple moving average is $216.05 and its 200 day simple moving average is $202.53.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (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 during the quarter, compared to the consensus estimate of $845.58 million. During the same quarter last year, the firm posted $1.75 EPS. The company’s quarterly revenue 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. As a group, research analysts anticipate that IDEX Corporation will post 8.49 EPS for the current year.

IDEX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 6th will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, July 6th. IDEX’s dividend payout ratio (DPR) is currently 43.20%.

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.