Walleye Capital LLC Makes New Investment in IDEX Corporation $IEX

Walleye Capital LLC purchased a new stake in shares of IDEX Corporation (NYSE:IEX) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 26,369 shares of the industrial products company’s stock, valued at approximately $5,984,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Primecap Management Co. CA grew its holdings in shares of IDEX by 86.5% during the fourth quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock valued at $574,174,000 after buying an additional 1,496,207 shares during the last quarter. Dodge & Cox increased its position in shares of IDEX by 266.7% in the 4th quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company’s stock valued at $224,658,000 after acquiring an additional 918,208 shares during the period. Norges Bank purchased a new position in IDEX in the 4th quarter worth $162,788,000. Millennium Management LLC raised its stake in IDEX by 293.6% in the 4th quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company’s stock worth $189,286,000 after acquiring an additional 793,530 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in IDEX by 215.0% during the 1st quarter. Bank of America Corp DE now owns 1,094,101 shares of the industrial products company’s stock worth $207,387,000 after acquiring an additional 746,732 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

NYSE:IEX opened at $238.72 on Friday. IDEX Corporation has a one year low of $158.19 and a one year high of $243.80. 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 cap of $17.60 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 2.25 and a beta of 0.98. The firm’s fifty day moving average is $226.14 and its two-hundred day moving average is $211.52.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.21. The company had revenue of $920.60 million for 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%.The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $2.07 EPS. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Research analysts expect that IDEX Corporation will post 8.84 EPS for the current year.

IDEX Announces Dividend

The business also recently declared 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 yield of 1.2%. IDEX’s payout ratio is presently 42.01%.

Insider Transactions at IDEX

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total value of $91,857.15. Following the sale, the chief accounting officer owned 4,327 shares in the company, valued at approximately $1,032,378.93. This represents a 8.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on IEX shares. Citigroup boosted their price target on IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. 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. Royal Bank Of Canada lifted their target price on IDEX from $261.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Seaport Research Partners reiterated a “buy” rating and issued a $250.00 target price on shares of IDEX in a research report on Tuesday, May 5th. Finally, DA Davidson increased their price target on shares of IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $260.80.

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.