Fenimore Asset Management Inc Sells 26,777 Shares of IDEX Corporation $IEX

Fenimore Asset Management Inc lessened its holdings in IDEX Corporation (NYSE:IEX) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 772,862 shares of the industrial products company’s stock after selling 26,777 shares during the quarter. IDEX accounts for approximately 3.8% of Fenimore Asset Management Inc’s holdings, making the stock its 6th largest holding. Fenimore Asset Management Inc owned 1.05% of IDEX worth $176,197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Everhart Financial Group Inc. grew its holdings in shares of IDEX by 11.4% during the third quarter. Everhart Financial Group Inc. now owns 1,392 shares of the industrial products company’s stock valued at $317,000 after buying an additional 143 shares during the last quarter. Elevation Wealth Partners LLC raised its stake in IDEX by 42.7% in the 3rd quarter. Elevation Wealth Partners LLC now owns 147 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 44 shares during the last quarter. Rockland Trust Co. lifted its position in IDEX by 4.5% during the 3rd quarter. Rockland Trust Co. now owns 2,740 shares of the industrial products company’s stock worth $625,000 after acquiring an additional 117 shares during the period. Versant Capital Management Inc lifted its position in IDEX by 33.2% during the 3rd quarter. Versant Capital Management Inc now owns 898 shares of the industrial products company’s stock worth $205,000 after acquiring an additional 224 shares during the period. Finally, Burkett Financial Services LLC purchased a new stake in IDEX during the 3rd quarter valued at about $27,000. 97.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other IDEX news, CAO Lisa Anderson sold 385 shares of IDEX stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total value of $91,857.15. Following the completion of the transaction, the chief accounting officer owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

IDEX Stock Performance

IDEX stock traded down $1.15 during midday trading on Thursday, hitting $231.76. 828,193 shares of the company were exchanged, compared to its average volume of 733,776. The business has a fifty day simple moving average of $230.39 and a two-hundred day simple moving average of $218.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05. The firm has a market capitalization of $17.09 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 2.68 and a beta of 0.97. IDEX Corporation has a fifty-two week low of $159.27 and a fifty-two week high of $243.80.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.21. The company had revenue of $920.60 million during the quarter, compared to the consensus estimate of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.IDEX’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company 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. On average, sell-side analysts forecast that IDEX Corporation will post 8.83 earnings per share for the current year.

IDEX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. IDEX’s dividend payout ratio is 42.01%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IEX shares. Argus raised 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. Stifel Nicolaus increased 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. DA Davidson raised their price target on shares of IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Royal Bank Of Canada lifted their price objective on shares of IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Finally, TD Cowen upped their price objective on shares of IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $260.27.

IDEX Profile

IDEX Corporation (NYSE: IEX) is a diversified industrial company that designs, manufactures and sells engineered products and technologies used to move, control and monitor fluids. Its products serve a range of industrial, commercial and specialty applications where precision, reliability and performance are important.

The company operates through three primary segments: Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products. Its offerings include pumps, valves, flow meters, compressors, dispensing equipment, precision fluidics components and related systems.