10,800 Shares in IDEX Corporation $IEX Purchased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. purchased a new stake in shares of IDEX Corporation (NYSE:IEX) during the 1st quarter, Holdings Channel.com reports. The fund purchased 10,800 shares of the industrial products company’s stock, valued at approximately $2,047,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in IDEX by 3.4% in the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 54 shares during the last quarter. Cromwell Holdings LLC grew its stake in shares of IDEX by 41.1% during 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 during the last quarter. Evolve Private Wealth LLC grew its stake in shares of IDEX by 2.8% during the first quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock valued at $403,000 after buying an additional 58 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of IDEX by 2.6% in the first quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company’s stock worth $463,000 after buying an additional 62 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of IDEX by 2.8% in the fourth quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company’s stock worth $458,000 after buying an additional 70 shares during the period. 97.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IEX has been the subject of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on IDEX from $252.00 to $261.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Robert W. Baird set a $257.00 target price on IDEX in a research note on Thursday, April 30th. Weiss Ratings upgraded IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Citigroup boosted their target price on shares of IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Stifel Nicolaus upped their price target on shares of IDEX from $250.00 to $257.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $244.00.

Insider Activity at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of the company’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 completion of the sale, the chief executive officer owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. This represents a 18.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

IDEX Price Performance

IEX opened at $223.47 on Tuesday. The company has a market capitalization of $16.54 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 2.19 and a beta of 0.98. The company has a current ratio of 3.39, a quick ratio of 2.40 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 $231.70. The business’s fifty day simple moving average is $219.44 and its 200-day simple moving average is $207.42.

IDEX (NYSE:IEX) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $845.58 million. During the same period in the previous year, the company posted $1.75 earnings per share. The firm’s quarterly 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. On average, equities research analysts anticipate that IDEX Corporation will post 8.48 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 6th were issued a $0.73 dividend. The ex-dividend date was Monday, July 6th. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. IDEX’s payout ratio is currently 43.20%.

IDEX Company 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.