Clarkston Capital Partners LLC Sells 63,575 Shares of IDEX Corporation $IEX

Clarkston Capital Partners LLC cut its holdings in shares of IDEX Corporation (NYSE:IEX) by 63.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,260 shares of the industrial products company’s stock after selling 63,575 shares during the period. Clarkston Capital Partners LLC’s holdings in IDEX were worth $6,873,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Empowered Funds LLC lifted its position in IDEX by 3.4% during the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after buying an additional 54 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in IDEX by 41.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,043 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 304 shares in the last quarter. Cresset Asset Management LLC acquired a new stake in IDEX in the 2nd quarter valued at about $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 acquiring an additional 3,604 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of IDEX by 4.0% during the second quarter. Daiwa Securities Group Inc. now owns 13,513 shares of the industrial products company’s stock worth $2,373,000 after purchasing an additional 518 shares in the last quarter. Institutional investors own 97.96% of the company’s stock.

Insider Transactions at IDEX

In related news, CEO Eric D. 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 transaction of $3,311,159.70. Following the completion of the transaction, the chief executive officer owned 66,658 shares in the company, valued at approximately $14,346,134.76. The trade was a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. BMO Capital Markets initiated coverage on shares of IDEX in a research note on Friday, March 27th. They set a “market perform” rating and a $214.00 price target on the stock. Royal Bank Of Canada increased their price objective on IDEX from $252.00 to $261.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. TD Cowen lifted their target price on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Oppenheimer boosted their target price on IDEX from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Weiss Ratings raised IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $244.00.

IDEX Stock Down 0.5%

Shares of IDEX stock opened at $222.07 on Friday. The business has a fifty day simple moving average of $218.84 and a 200 day simple moving average of $206.84. The stock has a market cap of $16.44 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 2.19 and a beta of 0.98. 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 12 month low of $157.25 and a 12 month high of $231.70.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.22. The firm had revenue of $886.90 million for 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%.The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Research analysts predict that IDEX Corporation will post 8.48 EPS for the current year.

IDEX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Monday, July 6th will be paid a dividend of $0.73 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $2.92 annualized dividend and a yield of 1.3%. IDEX’s dividend payout ratio (DPR) is presently 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.