IDEX Corporation $IEX Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. decreased its position in IDEX Corporation (NYSE:IEX) by 2.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 349,496 shares of the industrial products company’s stock after selling 9,656 shares during the period. IDEX comprises 1.3% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its 14th biggest position. Deprince Race & Zollo Inc.’s holdings in IDEX were worth $66,247,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GoalVest Advisory LLC acquired a new stake in shares of IDEX during the 4th quarter valued at about $26,000. Laurel Wealth Advisors LLC purchased a new position in IDEX during the fourth quarter worth approximately $27,000. SJS Investment Consulting Inc. boosted its position in IDEX by 104.1% during the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 76 shares in the last quarter. Cromwell Holdings LLC grew its holdings in 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 purchasing an additional 58 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of IDEX in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

Insiders Place Their Bets

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $215.22, for a total value of $3,311,159.70. Following the transaction, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at $14,346,134.76. This trade represents a 18.75% decrease in their position. The transaction 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and set a $250.00 target price (up from $242.00) on shares of IDEX in a research note on Tuesday, June 2nd. BMO Capital Markets began coverage on shares of IDEX in a report on Friday, March 27th. They issued a “market perform” rating and a $214.00 price target for the company. Stifel Nicolaus set a $250.00 price objective on shares of IDEX in a research report on Thursday, April 30th. Weiss Ratings raised shares of IDEX from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Finally, Citigroup lifted their target price on shares of IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $241.11.

IDEX Trading Down 0.8%

Shares of IEX opened at $225.12 on Thursday. IDEX Corporation has a 52-week low of $157.25 and a 52-week high of $230.18. The stock has a market cap of $16.66 billion, a PE ratio of 33.30, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The firm’s fifty day moving average is $215.25 and its two-hundred day moving average is $201.89. 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 (NYSE:IEX) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.22. The business had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.75 earnings per share. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. Research analysts forecast that IDEX Corporation will post 8.49 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, July 6th will be issued a $0.73 dividend. The ex-dividend date is 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 43.20%.

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.