Wellington Management Group LLP Has $258.55 Million Stock Holdings in IDEX Corporation $IEX

Wellington Management Group LLP trimmed its holdings in shares of IDEX Corporation (NYSE:IEX) by 34.5% during the second quarter, HoldingsChannel reports. The fund owned 1,139,217 shares of the industrial products company’s stock after selling 599,314 shares during the quarter. Wellington Management Group LLP’s holdings in IDEX were worth $258,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IEX. 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 valued at $298,000 after acquiring an additional 54 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of IDEX by 41.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,043 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 304 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in IDEX in the second quarter valued at $219,000. Cerity Partners LLC raised its position in IDEX by 23.9% during the 2nd quarter. Cerity Partners LLC now owns 18,658 shares of the industrial products company’s stock worth $3,276,000 after purchasing an additional 3,604 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in IDEX by 4.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 13,513 shares of the industrial products company’s stock worth $2,373,000 after purchasing an additional 518 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on IEX. Seaport Research Partners reiterated a “buy” rating and issued a $250.00 price target on shares of IDEX in a research report on Tuesday, May 5th. Royal Bank Of Canada raised their price objective on IDEX from $261.00 to $280.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Argus lifted their price objective on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. DA Davidson upped their target price on IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Finally, Stifel Nicolaus raised their price target on shares of IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $260.80.

Insiders Place Their Bets

In other news, CAO Lisa M. Anderson sold 385 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total transaction of $91,857.15. Following the transaction, the chief accounting officer owned 4,327 shares of the company’s stock, valued at $1,032,378.93. This represents a 8.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.50% of the company’s stock.

IDEX Stock Performance

IEX stock opened at $230.44 on Monday. The firm has a market cap of $16.99 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 2.17 and a beta of 0.98. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $228.73 and a 200-day moving average price of $213.77. IDEX Corporation has a 1-year low of $158.19 and a 1-year high of $243.80.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.11 by $0.21. The business had revenue of $920.60 million during the quarter, compared to analysts’ expectations of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The firm’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $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. As a group, equities research analysts expect that IDEX Corporation will post 8.82 earnings per share for the current year.

IDEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders 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 annualized dividend and a dividend yield of 1.3%. IDEX’s dividend payout ratio (DPR) is 42.01%.

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.