Praxis Investment Management Inc. Purchases New Position in IDEX Corporation $IEX

Praxis Investment Management Inc. acquired a new position in shares of IDEX Corporation (NYSE:IEX) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,674 shares of the industrial products company’s stock, valued at approximately $507,000.

Other large investors have also recently bought and sold shares of the company. GoalVest Advisory LLC bought a new position in shares of IDEX during the fourth quarter worth $26,000. Laurel Wealth Advisors LLC acquired a new position in shares of IDEX in the 4th quarter valued at $27,000. SJS Investment Consulting Inc. increased its position in shares of IDEX by 104.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock valued at $28,000 after buying an additional 76 shares in the last quarter. Cromwell Holdings LLC increased its position in shares of IDEX by 41.1% in the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock valued at $35,000 after buying an additional 58 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in IDEX during the 2nd quarter worth $35,000. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Performance

Shares of IDEX stock opened at $224.26 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 $16.60 billion, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98. The stock’s 50-day moving average is $216.05 and its 200-day moving average is $202.53. IDEX Corporation has a one year low of $157.25 and a one year high of $230.18.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. The business had revenue of $886.90 million during the quarter, compared to the consensus estimate 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 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. Equities analysts predict that IDEX Corporation will post 8.49 earnings per share for the current fiscal year.

IDEX Announces Dividend

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

Insider Activity

In other news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction that occurred on 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 in the company, valued at $14,346,134.76. This trade represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on IEX shares. Oppenheimer reiterated an “outperform” rating and set a $250.00 target price (up from $242.00) on shares of IDEX in a report on Tuesday, June 2nd. Royal Bank Of Canada raised their price target on IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Robert W. Baird set a $257.00 price objective on IDEX in a report on Thursday, April 30th. Stifel Nicolaus set a $250.00 price objective on IDEX in a research report on Thursday, April 30th. Finally, TD Cowen boosted their price objective on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Six 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, IDEX currently has an average rating of “Moderate Buy” and a consensus price target of $241.11.

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.