Glenview Trust Co Makes New Investment in IDEX Corporation $IEX

Glenview Trust Co purchased a new stake in shares of IDEX Corporation (NYSE:IEX) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 6,970 shares of the industrial products company’s stock, valued at approximately $1,582,000.

Several other large investors also recently bought and sold shares of IEX. Optiver Holding B.V. purchased a new position in IDEX in the 1st quarter worth about $27,000. Quantbot Technologies LP purchased a new position in shares of IDEX during the second quarter valued at approximately $33,000. SJS Investment Consulting Inc. raised its holdings in shares of IDEX by 104.1% during the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 76 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in IDEX during the fourth quarter valued at approximately $27,000. Finally, CYBER HORNET ETFs LLC bought a new position in IDEX during the second quarter valued at approximately $35,000. 97.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. TD Cowen lifted their target price 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. Mizuho raised IDEX from a “neutral” rating to an “outperform” rating and increased their price target for the company from $210.00 to $280.00 in a report on Tuesday, August 11th. Stifel Nicolaus lifted their price objective on IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Argus increased their target price on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada raised their target price on IDEX from $261.00 to $280.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $260.80.

Insider Activity

In related news, CAO Lisa M. Anderson sold 385 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total value of $91,857.15. Following the completion of the sale, the chief accounting officer directly owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. This represents a 8.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

IDEX Trading Down 1.5%

Shares of IDEX stock opened at $230.44 on Friday. IDEX Corporation has a 1-year low of $158.19 and a 1-year high of $243.80. The company’s fifty day simple moving average is $228.73 and its 200-day simple moving average is $213.75. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. The stock has a market capitalization of $16.99 billion, a PE ratio of 33.16, a P/E/G ratio of 2.21 and a beta of 0.98.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.11 by $0.21. The firm had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.IDEX’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.07 EPS. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. As a group, equities analysts anticipate that IDEX Corporation will post 8.82 earnings per share for the current year.

IDEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 6th were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, July 6th. IDEX’s payout ratio is presently 42.01%.

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.