IDEX Corporation $IEX Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in IDEX Corporation (NYSE:IEX) by 20.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 488,108 shares of the industrial products company’s stock after selling 127,971 shares during the period. Bank of New York Mellon Corp’s holdings in IDEX were worth $86,854,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. 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 valued at $298,000 after purchasing an additional 54 shares during the period. Cromwell Holdings LLC increased its holdings in shares of 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 period. Bessemer Group Inc. increased its holdings in shares of IDEX by 16.6% in the third quarter. Bessemer Group Inc. now owns 577 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 82 shares during the period. Bartlett & CO. Wealth Management LLC increased its holdings in shares of IDEX by 1.9% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 4,661 shares of the industrial products company’s stock valued at $829,000 after purchasing an additional 85 shares during the period. Finally, Sierra Legacy Group increased its holdings in shares of IDEX by 1.7% in the fourth quarter. Sierra Legacy Group now owns 5,458 shares of the industrial products company’s stock valued at $971,000 after purchasing an additional 90 shares during the period. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Stock Up 1.5%

IDEX stock opened at $218.59 on Tuesday. The firm has a market cap of $16.18 billion, a price-to-earnings ratio of 32.34, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. IDEX Corporation has a 52 week low of $157.25 and a 52 week high of $223.85. The business’s 50-day moving average price is $206.07 and its 200 day moving average price is $195.95. 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 (NYSE:IEX) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, topping 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%.IDEX’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the company 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. As a group, sell-side analysts anticipate that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.3%. This is a positive change from IDEX’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Friday, May 22nd. IDEX’s dividend payout ratio is 43.20%.

Insider Transactions at IDEX

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was 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 trade represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of IDEX in a report on Monday, April 20th. Robert W. Baird set a $257.00 price objective on IDEX in a report on Thursday, April 30th. Seaport Research Partners reissued a “buy” rating and issued a $250.00 price objective on shares of IDEX in a report on Tuesday, May 5th. Citigroup increased their price objective on IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, TD Cowen raised their target price on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, IDEX presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.11.

About IDEX

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.