Walleye Capital LLC Acquires Shares of 26,369 IDEX Corporation $IEX

Walleye Capital LLC acquired a new position in IDEX Corporation (NYSE:IEX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,369 shares of the industrial products company’s stock, valued at approximately $5,984,000.

Several other hedge funds have also modified their holdings of the company. Primecap Management Co. CA grew its position in shares of IDEX by 86.5% during the 4th quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock valued at $574,174,000 after acquiring an additional 1,496,207 shares during the period. Dodge & Cox increased its stake in shares of IDEX by 266.7% in the 4th quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company’s stock valued at $224,658,000 after purchasing an additional 918,208 shares in the last quarter. Norges Bank acquired a new position in IDEX in the 4th quarter worth about $162,788,000. Millennium Management LLC raised its holdings in IDEX by 293.6% in the 4th quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company’s stock worth $189,286,000 after purchasing an additional 793,530 shares during the period. Finally, Bank of America Corp DE boosted its position in IDEX by 215.0% during the first quarter. Bank of America Corp DE now owns 1,094,101 shares of the industrial products company’s stock worth $207,387,000 after purchasing an additional 746,732 shares in the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total value of $91,857.15. Following the transaction, the chief accounting officer owned 4,327 shares in the company, valued at approximately $1,032,378.93. This trade represents a 8.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

IEX has been the subject of several research analyst reports. Argus upped their target price on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Oppenheimer reissued an “outperform” rating and issued a $265.00 price target on shares of IDEX in a research note on Thursday, July 30th. Stifel Nicolaus boosted their price target on shares of IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Robert W. Baird set a $257.00 price target on shares of IDEX in a report on Thursday, April 30th. Finally, TD Cowen upped their price objective on shares of IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $260.80.

IDEX Trading Down 0.2%

IEX stock opened at $238.72 on Friday. IDEX Corporation has a 12-month low of $158.19 and a 12-month high of $243.80. The business’s 50-day moving average is $226.14 and its 200 day moving average is $211.52. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. The stock has a market cap of $17.60 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 2.25 and a beta of 0.98.

IDEX (NYSE:IEX) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.21. The business had revenue of $920.60 million during the quarter, compared to analysts’ expectations of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The business’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.07 earnings per share. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. On average, sell-side analysts anticipate that IDEX Corporation will post 8.84 EPS for the current fiscal year.

IDEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, July 6th. IDEX’s dividend payout ratio is currently 42.01%.

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.