King Luther Capital Management Corp Has $32.92 Million Stock Position in IDEX Corporation $IEX

King Luther Capital Management Corp trimmed its position in IDEX Corporation (NYSE:IEX) by 22.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,992 shares of the industrial products company’s stock after selling 53,065 shares during the quarter. King Luther Capital Management Corp’s holdings in IDEX were worth $32,917,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Studio Investment Management LLC bought a new position in IDEX during the fourth quarter worth about $203,000. Allstate Corp boosted its holdings in IDEX by 63.0% during the fourth quarter. Allstate Corp now owns 4,294 shares of the industrial products company’s stock worth $764,000 after buying an additional 1,660 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in IDEX by 140.5% during the fourth quarter. Clearstead Advisors LLC now owns 267 shares of the industrial products company’s stock worth $48,000 after buying an additional 156 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in IDEX by 29.3% during the fourth quarter. Hantz Financial Services Inc. now owns 1,288 shares of the industrial products company’s stock worth $229,000 after buying an additional 292 shares during the last quarter. Finally, Jefferies Financial Group Inc. boosted its holdings in IDEX by 586.2% during the fourth quarter. Jefferies Financial Group Inc. now owns 29,409 shares of the industrial products company’s stock worth $5,233,000 after buying an additional 25,123 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the transaction, the chief executive officer owned 66,658 shares in the company, valued at $14,346,134.76. The trade was a 18.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by company insiders.

IDEX Trading Up 1.3%

NYSE:IEX opened at $211.51 on Wednesday. IDEX Corporation has a fifty-two week low of $157.25 and a fifty-two week high of $223.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40. The stock has a market capitalization of $15.65 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 2.05 and a beta of 1.02. The business’s 50-day simple moving average is $201.78 and its 200-day simple moving average is $192.99.

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 business had revenue of $886.90 million for the quarter, compared to analysts’ expectations of $845.58 million. During the same quarter in the previous year, the business posted $1.75 EPS. IDEX’s revenue for the quarter 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. Sell-side analysts expect that IDEX Corporation will post 8.49 earnings per share for the current fiscal year.

IDEX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.73 per share. This is a boost from IDEX’s previous quarterly dividend of $0.71. The ex-dividend date is Friday, May 22nd. This represents a $2.92 annualized dividend and a dividend yield of 1.4%. IDEX’s dividend payout ratio (DPR) is presently 43.20%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IEX. TD Cowen raised their target price on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Stifel Nicolaus set a $250.00 target price on IDEX in a report on Thursday, April 30th. Robert W. Baird set a $257.00 target price on IDEX in a report on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of IDEX in a report on Monday, April 20th. Finally, Argus upgraded IDEX from a “hold” rating to a “buy” rating and set a $240.00 target price on the stock in a report on Friday, February 6th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, IDEX currently has a consensus rating of “Moderate Buy” and an average target price of $240.22.

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.