Heartland Advisors Inc. Takes $3.05 Million Position in IDEX Corporation $IEX

Heartland Advisors Inc. acquired a new position in shares of IDEX Corporation (NYSE:IEX) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,108 shares of the industrial products company’s stock, valued at approximately $3,053,000.

A number of other hedge funds have also recently added to or reduced their stakes in IEX. Laurel Wealth Advisors LLC acquired a new position in shares of IDEX during the fourth quarter worth $27,000. SJS Investment Consulting Inc. increased its holdings in IDEX by 104.1% in 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 raised its position in IDEX by 41.1% in the fourth quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 58 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in shares of IDEX during the second quarter worth about $35,000. Finally, Root Financial Partners LLC increased its stake in shares of IDEX by 57.6% in the first quarter. Root Financial Partners LLC now owns 208 shares of the industrial products company’s stock valued at $39,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on IEX. Seaport Research Partners reissued a “buy” rating and set a $250.00 target price on shares of IDEX in a report on Tuesday, May 5th. BMO Capital Markets started coverage on IDEX in a report on Friday, March 27th. They issued a “market perform” rating and a $214.00 price objective for the company. Royal Bank Of Canada lifted their target price on IDEX from $252.00 to $261.00 and gave the stock an “outperform” rating in a report on Thursday. Oppenheimer reissued an “outperform” rating and issued a $250.00 price target (up from $242.00) on shares of IDEX in a research note on Tuesday, June 2nd. Finally, Robert W. Baird set a $257.00 target price on IDEX in a report on Thursday, April 30th. 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $242.11.

IDEX Stock Performance

NYSE IEX opened at $225.23 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40. The firm has a market cap of $16.67 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 2.21 and a beta of 0.98. IDEX Corporation has a 1 year low of $157.25 and a 1 year high of $231.70. The company has a fifty day moving average price of $218.11 and a 200-day moving average price of $205.62.

IDEX (NYSE:IEX) last released its 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. The company had revenue of $886.90 million during the quarter, compared to analyst estimates of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.IDEX’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $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. As a group, equities research analysts predict that IDEX Corporation will post 8.49 EPS for the current fiscal year.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 6th will be given a $0.73 dividend. The ex-dividend date is Monday, July 6th. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. IDEX’s payout ratio is 43.20%.

Insider Buying and Selling 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 sale, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at approximately $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 SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by corporate insiders.

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.