IDEX Corporation $IEX Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd lowered its stake in IDEX Corporation (NYSE:IEX) by 83.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,634 shares of the industrial products company’s stock after selling 105,355 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in IDEX were worth $3,850,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of IEX. GoalVest Advisory LLC bought a new position in shares of IDEX in the fourth quarter valued at $26,000. Laurel Wealth Advisors LLC bought a new position in shares of IDEX in the fourth quarter valued at $27,000. Cromwell Holdings LLC increased its holdings in shares of IDEX by 41.1% in the fourth quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock valued at $35,000 after buying an additional 58 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of IDEX in the second quarter valued at $35,000. Finally, MUFG Securities EMEA plc bought a new position in shares of IDEX in the second quarter valued at $39,000. Institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

Shares of NYSE:IEX opened at $223.66 on Wednesday. The company’s fifty day moving average is $209.77 and its two-hundred day moving average is $198.10. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 12-month low of $157.25 and a 12-month high of $226.15. The company has a market cap of $16.55 billion, a P/E ratio of 33.09, a price-to-earnings-growth ratio of 2.18 and a beta of 1.00.

IDEX (NYSE:IEX) last announced its 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. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The company had revenue of $886.90 million for the quarter, compared to the consensus estimate of $845.58 million. During the same period in the previous year, the business earned $1.75 EPS. The company’s revenue 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. Equities analysts expect that IDEX Corporation will post 8.49 earnings per share for the current fiscal year.

IDEX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.73 per share. This is an increase from IDEX’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.92 annualized dividend and a yield of 1.3%. IDEX’s dividend payout ratio (DPR) is presently 43.20%.

Insider Transactions at IDEX

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the business’s stock in a transaction on 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 sale, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at $14,346,134.76. The trade was a 18.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

IEX has been the topic of several research reports. BMO Capital Markets initiated coverage on IDEX in a report on Friday, March 27th. They issued a “market perform” rating and a $214.00 price target on the stock. Seaport Research Partners reaffirmed a “buy” rating and issued a $250.00 price target on shares of IDEX in a report on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IDEX in a report on Monday, April 20th. Citigroup upped their price target on IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $250.00 price target (up from $242.00) on shares of IDEX in a report on Tuesday, June 2nd. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, IDEX presently has a consensus rating of “Moderate Buy” and an average price target of $241.11.

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.