Gabelli Funds LLC Has $32.23 Million Stock Holdings in IDEX Corporation $IEX

Gabelli Funds LLC trimmed its holdings in shares of IDEX Corporation (NYSE:IEX) by 5.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 181,100 shares of the industrial products company’s stock after selling 9,800 shares during the period. Gabelli Funds LLC’s holdings in IDEX were worth $32,225,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IEX. GoalVest Advisory LLC acquired a new position in shares of IDEX during the 4th quarter worth about $26,000. Laurel Wealth Advisors LLC acquired a new position in shares of IDEX during the 4th quarter worth about $27,000. UMB Bank n.a. raised its holdings in shares of IDEX by 61.0% in the 3rd quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 75 shares during the period. Cromwell Holdings LLC raised 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 valued at $35,000 after purchasing an additional 58 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of IDEX in the 2nd quarter valued at about $35,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Stock Up 0.4%

IEX opened at $208.61 on Tuesday. IDEX Corporation has a 1-year low of $157.25 and a 1-year high of $223.85. The stock’s fifty day simple moving average is $200.06 and its 200 day simple moving average is $191.39. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. The stock has a market cap of $15.44 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.04 and a beta of 1.02.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.22. The firm had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the business 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. As a group, research analysts expect that IDEX Corporation will post 8.5 earnings per share for the current year.

IDEX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.4%. This is a boost from IDEX’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. IDEX’s dividend payout ratio (DPR) is 42.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on IEX shares. BMO Capital Markets started coverage on shares of IDEX in a report on Friday, March 27th. They issued a “market perform” rating and a $214.00 target price on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $242.00 target price on shares of IDEX in a report on Thursday, April 30th. Robert W. Baird set a $257.00 target price on IDEX in a research note on Thursday, April 30th. Seaport Research Partners reissued a “buy” rating and set a $250.00 target price on shares of IDEX in a report on Tuesday, May 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of IDEX in a research note on Monday, April 20th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $240.22.

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 shares were sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by company insiders.

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.