140,510 Shares in IDEX Corporation $IEX Bought by Jupiter Topco LLC

Jupiter Topco LLC purchased a new position in IDEX Corporation (NYSE:IEX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 140,510 shares of the industrial products company’s stock, valued at approximately $31,888,000. Jupiter Topco LLC owned about 0.19% of IDEX as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IEX. Empowered Funds LLC increased its holdings in shares of 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 buying an additional 54 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of IDEX by 4.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company’s stock valued at $274,000 after acquiring an additional 56 shares during the last quarter. Evolve Private Wealth LLC boosted its holdings in IDEX by 2.8% during the 1st quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock valued at $403,000 after acquiring an additional 58 shares during the period. Sanctuary Advisors LLC boosted its holdings in IDEX by 2.6% during the 1st quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company’s stock valued at $463,000 after acquiring an additional 62 shares during the period. Finally, Mackenzie Financial Corp grew its position in IDEX by 2.8% during the 4th quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company’s stock worth $458,000 after acquiring an additional 70 shares during the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Lisa M. Anderson sold 385 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total value of $91,857.15. Following the completion of the sale, the chief accounting officer owned 4,327 shares of the company’s stock, valued at $1,032,378.93. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is owned by insiders.

IDEX Stock Down 1.5%

Shares of NYSE:IEX opened at $230.44 on Friday. The stock’s 50-day moving average is $228.73 and its 200 day moving average is $213.75. The company has a market cap of $16.99 billion, a PE ratio of 33.16, a P/E/G ratio of 2.21 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. IDEX Corporation has a 1 year low of $158.19 and a 1 year high of $243.80.

IDEX (NYSE:IEX) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.21. The business had revenue of $920.60 million during the quarter, compared to analysts’ expectations of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $2.07 EPS. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Sell-side analysts anticipate that IDEX Corporation will post 8.82 EPS for the current year.

IDEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were issued 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 was Monday, July 6th. IDEX’s dividend payout ratio is currently 42.01%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on IEX shares. Seaport Research Partners reiterated a “buy” rating and issued a $250.00 price objective on shares of IDEX in a research report on Tuesday, May 5th. Citigroup raised their target price on shares of IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Argus lifted their target price on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada upped their price target on shares of IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Finally, Stifel Nicolaus increased their price target on shares of IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $260.80.

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.