Arrowstreet Capital Limited Partnership Boosts Stake in IDEX Corporation $IEX

Arrowstreet Capital Limited Partnership increased its holdings in shares of IDEX Corporation (NYSE:IEX) by 51.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 699,788 shares of the industrial products company’s stock after acquiring an additional 236,526 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in IDEX were worth $132,645,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IEX. Empowered Funds LLC boosted its position in shares of IDEX by 3.4% during the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after acquiring an additional 54 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in IDEX by 41.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,043 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 304 shares during the period. Cresset Asset Management LLC acquired a new position in IDEX during the second quarter worth $219,000. Cerity Partners LLC boosted its position in shares of IDEX by 23.9% during the second quarter. Cerity Partners LLC now owns 18,658 shares of the industrial products company’s stock worth $3,276,000 after buying an additional 3,604 shares during the period. Finally, Daiwa Securities Group Inc. boosted 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 buying an additional 518 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Insider Activity

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the company’s 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 owned 66,658 shares of the company’s stock, valued at $14,346,134.76. This 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 the SEC website. 0.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on IEX. Stifel Nicolaus boosted their price target on shares of IDEX from $250.00 to $257.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Oppenheimer increased their price target on IDEX from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada lifted their price objective on shares of IDEX from $252.00 to $261.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Weiss Ratings upgraded shares of IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Finally, Seaport Research Partners reissued a “buy” rating and set a $250.00 target price on shares of IDEX in a research report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $244.00.

IDEX Trading Up 0.4%

NYSE IEX opened at $223.13 on Friday. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $16.51 billion, a P/E ratio of 33.01, a P/E/G ratio of 2.19 and a beta of 0.98. IDEX Corporation has a 52-week low of $157.25 and a 52-week high of $231.70. The firm has a 50-day moving average price of $219.14 and a 200 day moving average price of $206.95.

IDEX (NYSE:IEX) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.22. The company 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 firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last 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. Equities research analysts expect that IDEX Corporation will post 8.48 EPS for the current year.

IDEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, July 6th. IDEX’s dividend payout ratio (DPR) is 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.