Kestra Private Wealth Services LLC Invests $509,000 in IDEX Corporation $IEX

Kestra Private Wealth Services LLC acquired a new stake in shares of IDEX Corporation (NYSE:IEX) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 2,684 shares of the industrial products company’s stock, valued at approximately $509,000.

A number of other hedge funds also recently made changes to their positions in IEX. GoalVest Advisory LLC purchased a new stake in IDEX in the 4th quarter worth approximately $26,000. Laurel Wealth Advisors LLC purchased a new position in IDEX during the fourth quarter valued at approximately $27,000. CYBER HORNET ETFs LLC purchased a new position in IDEX during the second quarter valued at approximately $35,000. Cromwell Holdings LLC boosted its position in shares of IDEX by 41.1% in the fourth quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 58 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in shares of IDEX in the second quarter worth approximately $39,000. 97.96% of the stock is currently owned by institutional investors.

Insider Activity at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s 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 completion of the transaction, the chief executive officer owned 66,658 shares in the company, valued at $14,346,134.76. This trade represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Weiss Ratings upgraded shares of IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. 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 target price for the company. Oppenheimer reiterated an “outperform” rating and issued a $250.00 price target (up from $242.00) on shares of IDEX in a research note on Tuesday, June 2nd. Royal Bank Of Canada raised their price target on IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Finally, Citigroup boosted their price objective on 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $241.11.

IDEX Trading Up 0.2%

IDEX stock opened at $224.26 on Friday. The stock has a market cap of $16.60 billion, a P/E ratio of 33.17, a PEG ratio of 2.20 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40. IDEX Corporation has a 1 year low of $157.25 and a 1 year high of $230.18. The firm’s 50 day moving average price is $216.05 and its 200-day moving average price is $202.37.

IDEX (NYSE:IEX) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. The firm had revenue of $886.90 million during the quarter, compared to analyst estimates of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. IDEX’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter 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. On average, equities analysts predict that IDEX Corporation will post 8.49 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The business 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 dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, July 6th. IDEX’s dividend payout ratio is 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.