Bank of New York Mellon Corp Sells 81,622 Shares of IDEX Corporation $IEX

Bank of New York Mellon Corp lessened its stake in shares of IDEX Corporation (NYSE:IEX) by 16.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 406,486 shares of the industrial products company’s stock after selling 81,622 shares during the period. Bank of New York Mellon Corp’s holdings in IDEX were worth $77,050,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Empowered Funds LLC increased its holdings 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 purchasing an additional 54 shares during the period. Cromwell Holdings LLC lifted its holdings 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 worth $35,000 after buying an additional 58 shares during the period. Evolve Private Wealth LLC grew its position in shares of IDEX by 2.8% during the 1st quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock worth $403,000 after buying an additional 58 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of IDEX by 2.6% during the first quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company’s stock valued at $463,000 after buying an additional 62 shares during the period. Finally, Mackenzie Financial Corp increased its stake in shares of IDEX by 2.8% during the fourth quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company’s stock valued at $458,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Seaport Research Partners reaffirmed a “buy” rating and issued a $250.00 price target on shares of IDEX in a research report on Tuesday, May 5th. Weiss Ratings raised shares of IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. TD Cowen upped 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. Royal Bank Of Canada increased their target price on IDEX from $252.00 to $261.00 and gave the company an “outperform” rating in a research report on Thursday, July 16th. Finally, Robert W. Baird set a $257.00 price target on IDEX in a report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, IDEX has a consensus rating of “Moderate Buy” and a consensus price target of $244.00.

Insider Activity

In related news, CEO Eric D. Ashleman sold 15,385 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 66,658 shares in the company, valued at $14,346,134.76. The trade was a 18.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by corporate insiders.

IDEX Stock Down 0.0%

Shares of IEX stock opened at $221.22 on Wednesday. IDEX Corporation has a fifty-two week low of $157.25 and a fifty-two week high of $231.70. The firm has a market capitalization of $16.37 billion, a PE ratio of 32.73, a P/E/G ratio of 2.17 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. The stock’s 50-day simple moving average is $218.40 and its 200-day simple moving average is $206.22.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.22. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The company had revenue of $886.90 million for the quarter, compared to the consensus estimate of $845.58 million. During the same quarter in the prior year, the company earned $1.75 EPS. IDEX’s quarterly revenue was up 8.9% on a year-over-year basis. 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 expect that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 6th will be issued 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 payout ratio 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.