Sequoia Financial Advisors LLC Takes Position in IDEX Corporation $IEX

Sequoia Financial Advisors LLC acquired a new stake in IDEX Corporation (NYSE:IEX) during the 4th quarter, Holdings Channel.com reports. The fund acquired 3,122 shares of the industrial products company’s stock, valued at approximately $556,000.

Several other large investors have also made changes to their positions in the business. Gateway Investment Advisers LLC purchased a new stake in shares of IDEX in the 4th quarter valued at $303,000. Robeco Schweiz AG boosted its holdings in shares of IDEX by 52.2% in the 4th quarter. Robeco Schweiz AG now owns 412,636 shares of the industrial products company’s stock valued at $73,424,000 after acquiring an additional 141,547 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new stake in shares of IDEX in the 4th quarter valued at $3,559,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of IDEX by 4.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 160,520 shares of the industrial products company’s stock valued at $28,743,000 after acquiring an additional 6,901 shares during the last quarter. Finally, AssuredPartners Investment Advisors LLC purchased a new stake in shares of IDEX in the 4th quarter valued at $269,000. 97.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on IEX. Citigroup boosted their target price on shares of IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Oppenheimer reiterated an “outperform” rating and issued a $242.00 target price on shares of IDEX in a research note on Thursday, April 30th. Royal Bank Of Canada boosted their target price on shares of IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Argus upgraded shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 target price for the company in a research note on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of IDEX in a research note on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $240.22.

IDEX Price Performance

Shares of NYSE IEX opened at $207.72 on Friday. The firm has a 50-day simple moving average of $199.95 and a 200-day simple moving average of $190.93. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.02. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 52 week low of $157.25 and a 52 week high of $223.85.

IDEX (NYSE:IEX) last issued its 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. The business had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.75 earnings per share. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. On average, equities 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. Stockholders of record on Friday, May 22nd will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from IDEX’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. IDEX’s dividend payout ratio (DPR) is currently 42.01%.

Insider Activity at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 66,658 shares in the company, valued at $14,346,134.76. This represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by company insiders.

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.