Gabelli Funds LLC Lowers Stake in IDEX Corporation $IEX

Gabelli Funds LLC lowered its holdings in shares of IDEX Corporation (NYSE:IEX) by 2.8% during the 1st quarter, HoldingsChannel reports. The fund owned 176,100 shares of the industrial products company’s stock after selling 5,000 shares during the period. Gabelli Funds LLC’s holdings in IDEX were worth $33,380,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SJS Investment Consulting Inc. increased its stake in shares of IDEX by 104.1% during the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 76 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new position in shares of IDEX during the fourth quarter valued at approximately $27,000. CYBER HORNET ETFs LLC bought a new stake in shares of IDEX in the 2nd quarter worth approximately $35,000. Cromwell Holdings LLC boosted its position in shares of IDEX by 41.1% in the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 58 shares in the last quarter. Finally, Root Financial Partners LLC grew its stake in shares of IDEX by 57.6% in the 1st quarter. Root Financial Partners LLC now owns 208 shares of the industrial products company’s stock worth $39,000 after buying an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Insider Buying and Selling at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $215.22, for a total value 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. The trade was a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on IEX shares. Seaport Research Partners reaffirmed a “buy” rating and set a $250.00 price objective on shares of IDEX in a research report on Tuesday, May 5th. Weiss Ratings raised IDEX from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Citigroup increased their target price on IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. TD Cowen raised their price target on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Robert W. Baird set a $257.00 price target on IDEX in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.00.

IDEX Trading Up 0.4%

NYSE:IEX opened at $223.13 on Friday. The company’s 50 day moving average price is $219.14 and its 200-day moving average price is $206.95. IDEX Corporation has a 52 week low of $157.25 and a 52 week high of $231.70. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. The stock has a market cap of $16.51 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.18 and a beta of 0.98.

IDEX (NYSE:IEX) last announced its quarterly earnings results 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 net margin of 14.38% and a return on equity of 15.29%. The company had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. During the same quarter last year, the firm earned $1.75 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. 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 forecast that IDEX Corporation will post 8.48 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were issued a $0.73 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. IDEX’s dividend payout ratio (DPR) is presently 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.