iSAM Funds UK Ltd Sells 6,123 Shares of IDEX Corporation $IEX

iSAM Funds UK Ltd cut its position in shares of IDEX Corporation (NYSE:IEX) by 84.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,100 shares of the industrial products company’s stock after selling 6,123 shares during the period. iSAM Funds UK Ltd’s holdings in IDEX were worth $250,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Empowered Funds LLC raised its stake in shares of IDEX by 3.4% during the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after acquiring an additional 54 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of IDEX by 41.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,043 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 304 shares in the last quarter. Cresset Asset Management LLC purchased a new stake in shares of IDEX in the 2nd quarter valued at $219,000. Cerity Partners LLC grew its holdings in shares of IDEX by 23.9% during the 2nd quarter. Cerity Partners LLC now owns 18,658 shares of the industrial products company’s stock valued at $3,276,000 after purchasing an additional 3,604 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of IDEX by 4.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 13,513 shares of the industrial products company’s stock valued at $2,373,000 after purchasing an additional 518 shares during 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 Anderson sold 385 shares of the stock in a transaction that occurred 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 completion of the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Citigroup boosted their price target on shares of IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Argus raised their price objective on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Stifel Nicolaus increased their target price on IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, TD Cowen raised their price target on IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $260.80.

IDEX Trading Down 0.6%

Shares of IEX opened at $223.17 on Friday. The stock has a market capitalization of $16.45 billion, a P/E ratio of 32.11, a PEG ratio of 2.55 and a beta of 0.98. IDEX Corporation has a twelve month low of $158.19 and a twelve month high of $243.80. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $228.78 and a two-hundred day simple moving average of $214.19.

IDEX (NYSE:IEX) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.21. The firm had revenue of $920.60 million for the quarter, compared to analysts’ expectations of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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, research analysts anticipate that IDEX Corporation will post 8.82 EPS for the current year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. IDEX’s dividend 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.