IDEX (NYSE:IEX) CEO Eric Ashleman Sells 15,385 Shares

IDEX Corporation (NYSE:IEX) CEO Eric Ashleman sold 15,385 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $215.22, for a total value of $3,311,159.70. Following the sale, the chief executive officer owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. This represents a 18.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

IDEX Stock Down 0.8%

Shares of IEX traded down $1.73 during trading hours on Wednesday, reaching $212.12. The stock had a trading volume of 383,454 shares, compared to its average volume of 812,336. IDEX Corporation has a 12 month low of $157.25 and a 12 month high of $223.85. The firm has a 50-day simple moving average of $199.92 and a 200 day simple moving average of $190.20. 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 company has a market capitalization of $15.70 billion, a price-to-earnings ratio of 31.38, a P/E/G ratio of 2.10 and a beta of 1.02.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.22. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The business had revenue of $886.90 million during the quarter, compared to analyst estimates of $845.58 million. During the same quarter in the previous year, the business posted $1.75 EPS. IDEX’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. Equities research analysts predict that IDEX Corporation will post 8.5 earnings per share for the current fiscal year.

IDEX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a $0.73 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from IDEX’s previous quarterly dividend of $0.71. IDEX’s dividend payout ratio (DPR) is currently 42.01%.

Wall Street Analysts Forecast Growth

IEX has been the subject of a number of analyst reports. Oppenheimer reiterated an “outperform” rating and set a $242.00 price target on shares of IDEX in a research note on Thursday, April 30th. Seaport Research Partners restated a “buy” rating and issued a $250.00 target price on shares of IDEX in a report on Tuesday, May 5th. Royal Bank Of Canada lifted their target price on IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. DA Davidson upped their price target on IDEX from $180.00 to $195.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Finally, BMO Capital Markets started coverage on IDEX in a research report on Friday, March 27th. They issued a “market perform” rating and a $214.00 price target for the company. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $234.70.

Institutional Trading of IDEX

A number of hedge funds have recently bought and sold shares of IEX. Empowered Funds LLC boosted its position 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 during the last quarter. EverSource Wealth Advisors LLC increased its position 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 valued at $183,000 after purchasing an additional 304 shares during the last quarter. Cresset Asset Management LLC bought a new stake in shares of IDEX during the 2nd quarter worth $219,000. Cerity Partners LLC raised its stake in shares of IDEX by 23.9% during the 2nd 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 period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of 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 currently owned by institutional investors.

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.