Millennium Management LLC Buys 793,530 Shares of IDEX Corporation $IEX

Millennium Management LLC increased its stake in shares of IDEX Corporation (NYSE:IEX) by 293.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,063,763 shares of the industrial products company’s stock after acquiring an additional 793,530 shares during the quarter. Millennium Management LLC owned about 1.42% of IDEX worth $189,286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GoalVest Advisory LLC bought a new position in IDEX during the fourth quarter worth $26,000. Laurel Wealth Advisors LLC bought a new position in IDEX during the fourth quarter worth $27,000. Cromwell Holdings LLC increased its position in IDEX by 41.1% during the fourth quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 58 shares during the period. CYBER HORNET ETFs LLC bought a new position in IDEX during the second quarter worth $35,000. Finally, MUFG Securities EMEA plc bought a new position in IDEX during the second quarter worth $39,000. Institutional investors own 97.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IEX. Citigroup boosted their target price on shares of IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Oppenheimer reaffirmed an “outperform” rating and set a $250.00 target price (up from $242.00) on shares of IDEX in a research report on Tuesday, June 2nd. Seaport Research Partners reissued a “buy” rating and issued a $250.00 price target on shares of IDEX in a report on Tuesday, May 5th. Robert W. Baird set a $257.00 price target on shares of IDEX in a report on Thursday, April 30th. Finally, BMO Capital Markets initiated coverage on shares of IDEX in a report on Friday, March 27th. They issued a “market perform” rating and a $214.00 price target on the stock. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, IDEX has a consensus rating of “Moderate Buy” and a consensus price target of $241.11.

IDEX Trading Down 0.2%

Shares of IDEX stock opened at $223.26 on Thursday. The firm has a market capitalization of $16.52 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 2.20 and a beta of 1.00. 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 company’s fifty day moving average price is $210.43 and its two-hundred day moving average price is $198.45. IDEX Corporation has a 52-week low of $157.25 and a 52-week high of $227.47.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.22. The firm had revenue of $886.90 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.75 EPS. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. On average, analysts expect that IDEX Corporation will post 8.49 EPS 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 $0.73 dividend. The ex-dividend date of this dividend is Monday, July 6th. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. IDEX’s dividend payout ratio is presently 43.20%.

Insider Buying and Selling at IDEX

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

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.