IDEX Corporation $IEX Shares Bought by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP raised its holdings in IDEX Corporation (NYSE:IEX) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 401,998 shares of the industrial products company’s stock after acquiring an additional 3,715 shares during the quarter. Westfield Capital Management Co. LP owned 0.54% of IDEX worth $71,532,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IEX. Primecap Management Co. CA lifted its holdings in IDEX by 250.7% in the third quarter. Primecap Management Co. CA now owns 1,730,580 shares of the industrial products company’s stock valued at $281,669,000 after acquiring an additional 1,237,129 shares during the period. Norges Bank acquired a new stake in IDEX in the fourth quarter valued at $162,788,000. Dodge & Cox acquired a new stake in IDEX in the third quarter valued at $56,045,000. Two Sigma Investments LP lifted its holdings in IDEX by 446.8% in the third quarter. Two Sigma Investments LP now owns 329,337 shares of the industrial products company’s stock valued at $53,603,000 after acquiring an additional 269,109 shares during the period. Finally, Invesco Ltd. lifted its holdings in IDEX by 16.1% in the third quarter. Invesco Ltd. now owns 1,809,788 shares of the industrial products company’s stock valued at $294,561,000 after acquiring an additional 250,447 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on IEX shares. Robert W. Baird set a $257.00 price target on IDEX in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IDEX in a research note on Monday, April 20th. Stifel Nicolaus set a $250.00 price target on IDEX in a research note on Thursday, April 30th. BMO Capital Markets started coverage on IDEX in a research note on Friday, March 27th. They set a “market perform” rating and a $214.00 price target for the company. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $250.00 price target on shares of IDEX in a research note on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, IDEX presently has a consensus rating of “Moderate Buy” and an average target price of $241.11.

Insider Activity

In other news, CEO Eric D. Ashleman sold 15,385 shares of the business’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 sale, the chief executive officer owned 66,658 shares in the company, valued at approximately $14,346,134.76. The trade was a 18.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

IDEX Stock Down 0.4%

Shares of NYSE:IEX opened at $215.48 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. IDEX Corporation has a 1 year low of $157.25 and a 1 year high of $223.85. The stock has a market capitalization of $15.95 billion, a P/E ratio of 31.88, a PEG ratio of 2.12 and a beta of 1.00. The stock has a 50-day simple moving average of $205.49 and a 200-day simple moving average of $195.32.

IDEX (NYSE:IEX) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The business had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $845.58 million. During the same quarter in the previous year, the business earned $1.75 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. Equities analysts forecast that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, May 22nd. This is an increase from IDEX’s previous quarterly dividend of $0.71. IDEX’s dividend payout ratio (DPR) is presently 43.20%.

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.