IDEX (NYSE:IEX) Reaches New 52-Week High – Here’s What Happened

Shares of IDEX Corporation (NYSE:IEX) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $223.85 and last traded at $222.4090, with a volume of 79199 shares trading hands. The stock had previously closed at $218.59.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $250.00 price target (up from $242.00) on shares of IDEX in a research note on Tuesday, June 2nd. Robert W. Baird set a $257.00 target price on shares of 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 research note on Tuesday, May 5th. TD Cowen lifted their target price on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Citigroup lifted their target price on shares of IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $241.11.

IDEX Trading Down 3.3%

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 firm’s 50-day moving average price is $207.40 and its 200 day moving average price is $196.74. The company has a market capitalization of $15.90 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.18 and a beta of 1.00.

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. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The company had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. During the same period in the previous year, the firm posted $1.75 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts predict that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Increases Dividend

The company also recently declared 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 1.4%. This is a boost from IDEX’s previous quarterly dividend of $0.71. The ex-dividend date was Friday, May 22nd. IDEX’s dividend payout ratio is presently 43.20%.

Insiders Place Their Bets

In related news, CEO Eric D. Ashleman sold 15,385 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 66,658 shares in the company, valued at approximately $14,346,134.76. The trade was a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IEX. Primecap Management Co. CA boosted its holdings in IDEX by 86.5% during the fourth quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock worth $574,174,000 after purchasing an additional 1,496,207 shares during the last quarter. Dodge & Cox boosted its stake in IDEX by 266.7% in the fourth quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company’s stock valued at $224,658,000 after acquiring an additional 918,208 shares during the last quarter. Norges Bank purchased a new position in IDEX in the fourth quarter valued at about $162,788,000. Millennium Management LLC boosted its stake in IDEX by 293.6% in the fourth quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company’s stock valued at $189,286,000 after acquiring an additional 793,530 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in IDEX by 215.0% in the first quarter. Bank of America Corp DE now owns 1,094,101 shares of the industrial products company’s stock valued at $207,387,000 after acquiring an additional 746,732 shares during the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

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.