IDEX Corporation $IEX Shares Acquired by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lifted its position in shares of IDEX Corporation (NYSE:IEX) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 401,998 shares of the industrial products company’s stock after purchasing an additional 3,715 shares during the period. Westfield Capital Management Co. LP’s holdings in IDEX were worth $71,532,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of IDEX by 3.4% during the third quarter. Wellington Management Group LLP now owns 6,477,929 shares of the industrial products company’s stock worth $1,054,348,000 after purchasing an additional 211,696 shares in the last quarter. State Street Corp lifted its position in shares of IDEX by 1.8% during the third quarter. State Street Corp now owns 3,154,742 shares of the industrial products company’s stock worth $513,466,000 after purchasing an additional 54,990 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of IDEX by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock worth $360,740,000 after purchasing an additional 7,844 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of IDEX by 8.3% during the third quarter. Van ECK Associates Corp now owns 1,913,157 shares of the industrial products company’s stock worth $311,385,000 after purchasing an additional 146,618 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of IDEX by 16.1% during the third quarter. Invesco Ltd. now owns 1,809,788 shares of the industrial products company’s stock worth $294,561,000 after purchasing an additional 250,447 shares in the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was 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 $14,346,134.76. This trade represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. TD Cowen boosted their target price on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Stifel Nicolaus set a $250.00 target price on IDEX in a research note on Thursday, April 30th. Robert W. Baird set a $257.00 target price on IDEX in a research note on Thursday, April 30th. Citigroup increased their target price on IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of IDEX in a research note on Monday, April 20th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.11.

IDEX Stock Performance

IDEX stock opened at $215.48 on Friday. The stock has a market cap of $15.95 billion, a P/E ratio of 31.88, a price-to-earnings-growth ratio of 2.12 and a beta of 1.00. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average of $205.49 and a 200-day moving average of $195.32. IDEX Corporation has a 52 week low of $157.25 and a 52 week high of $223.85.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.22. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The firm had revenue of $886.90 million for the quarter, compared to analysts’ expectations of $845.58 million. During the same period last year, the business 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. On average, analysts expect that IDEX Corporation will post 8.49 EPS for the current fiscal year.

IDEX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid 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 (DPR) is 43.20%.

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.