Sone Capital Management LLC Invests $24.13 Million in IDEX Corporation $IEX

Sone Capital Management LLC acquired a new position in shares of IDEX Corporation (NYSE:IEX) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 106,321 shares of the industrial products company’s stock, valued at approximately $24,130,000. IDEX comprises about 1.8% of Sone Capital Management LLC’s investment portfolio, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Optiver Holding B.V. acquired a new stake in IDEX during the 1st quarter valued at $27,000. Quantbot Technologies LP acquired a new position in shares of IDEX in the second quarter worth $33,000. SJS Investment Consulting Inc. lifted its position in shares of IDEX by 104.1% in the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 76 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of IDEX in the fourth quarter valued at $27,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of IDEX during the second quarter valued at $35,000. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Insider Buying and Selling at IDEX

In other IDEX news, CAO Lisa M. 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 transaction, the chief accounting officer owned 4,327 shares in the company, valued at $1,032,378.93. This trade represents a 8.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on IEX. Citigroup boosted their target price on shares of IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Stifel Nicolaus raised their price target on shares of IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Mizuho raised shares of IDEX from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $210.00 to $280.00 in a research note on Tuesday, August 11th. Finally, Seaport Research Partners reiterated a “buy” rating and issued a $250.00 price target on shares of IDEX in a report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $260.80.

IDEX Stock Down 0.4%

IEX opened at $233.51 on Tuesday. IDEX Corporation has a 12 month low of $158.19 and a 12 month high of $243.80. The business has a 50-day moving average of $228.11 and a two-hundred day moving average of $213.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. The stock has a market capitalization of $17.21 billion, a price-to-earnings ratio of 33.60, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98.

IDEX (NYSE:IEX) last announced its quarterly earnings data 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. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The business had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. During the same period in the prior year, the firm posted $2.07 EPS. The company’s revenue was up 6.4% on a year-over-year basis. 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, research analysts expect that IDEX Corporation will post 8.82 earnings per share for the current year.

IDEX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were paid a dividend of $0.73 per share. 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 1.3%. IDEX’s dividend payout ratio (DPR) is currently 42.01%.

IDEX 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.