IDEX Corporation $IEX Holdings Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its position in IDEX Corporation (NYSE:IEX) by 9.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,685 shares of the industrial products company’s stock after acquiring an additional 2,805 shares during the period. Nisa Investment Advisors LLC’s holdings in IDEX were worth $7,452,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elevation Wealth Partners LLC raised its holdings in IDEX by 42.7% during the third quarter. Elevation Wealth Partners LLC now owns 147 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 44 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in IDEX by 4.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company’s stock valued at $274,000 after purchasing an additional 56 shares during the period. Evolve Private Wealth LLC lifted its position in IDEX by 2.8% in the first quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock valued at $403,000 after purchasing an additional 58 shares during the period. Sanctuary Advisors LLC boosted its holdings in IDEX by 2.6% in the 1st quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company’s stock valued at $463,000 after purchasing an additional 62 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in IDEX by 9.4% in the 2nd quarter. Allworth Financial LP now owns 722 shares of the industrial products company’s stock valued at $164,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on IEX shares. Royal Bank Of Canada boosted their target price on IDEX from $280.00 to $285.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 14th. Weiss Ratings raised IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Vertical Research assumed coverage on IDEX in a report on Tuesday, September 8th. They issued a “buy” rating and a $250.00 price target for the company. TD Cowen lifted their price target on IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, KeyCorp raised IDEX to a “hold” rating in a report on Monday, October 12th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, IDEX presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.09.

Insider Activity

In other news, CAO Lisa Anderson sold 385 shares of the business’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 transaction of $91,857.15. Following the sale, the chief accounting officer owned 4,327 shares of the company’s stock, valued at $1,032,378.93. The trade was a 8.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

IDEX Stock Performance

Shares of IEX opened at $226.76 on Friday. The company has a 50-day simple moving average of $230.12 and a 200-day simple moving average of $222.02. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $16.72 billion, a PE ratio of 32.63, a P/E/G ratio of 2.67 and a beta of 0.97. IDEX Corporation has a 52-week low of $160.60 and a 52-week high of $243.80.

IDEX (NYSE:IEX) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The firm had revenue of $920.60 million for the quarter, compared to the consensus estimate of $905.38 million. During the same quarter in the previous year, the firm earned $2.07 earnings per share. The firm’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. Equities research analysts predict that IDEX Corporation will post 8.83 earnings per share for the current fiscal year.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, October 2nd. IDEX’s dividend payout ratio (DPR) is presently 42.01%.

About IDEX

IDEX Corporation is an industrial manufacturing company headquartered in Lake Forest, Illinois. The company designs and produces engineered products and technologies used to move, control, measure and apply fluids, as well as equipment used in fire and safety applications.

IDEX operates through businesses serving fluid and metering technologies, health and science technologies, and fire and safety markets. Its products include pumps, valves, flow meters, compressors, dispensing equipment, precision fluidics components and systems, fire pumps, rescue tools and other specialized equipment.

The company serves a broad range of industries, including healthcare, life sciences, water and wastewater, chemical processing, energy, food and beverage, agriculture, industrial manufacturing and municipal fire protection.