Commerce Bank Acquires New Holdings in IDEX Corporation $IEX

Commerce Bank bought a new position in IDEX Corporation (NYSE:IEX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,410 shares of the industrial products company’s stock, valued at approximately $547,000.

A number of other large investors have also added to or reduced their stakes in IEX. BlackRock Inc. purchased a new position in shares of IDEX in the 2nd quarter worth $1,301,393,000. Primecap Management Co. CA grew its holdings in shares of IDEX by 86.5% in the fourth quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock worth $574,174,000 after acquiring an additional 1,496,207 shares during the period. State Street Corp increased its position in IDEX by 0.6% during the fourth quarter. State Street Corp now owns 3,172,410 shares of the industrial products company’s stock valued at $564,499,000 after acquiring an additional 17,668 shares during the last quarter. Geode Capital Management LLC increased its position in IDEX by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock valued at $360,740,000 after acquiring an additional 7,844 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in IDEX by 3.3% in the fourth quarter. Van ECK Associates Corp now owns 1,976,856 shares of the industrial products company’s stock valued at $351,762,000 after acquiring an additional 63,699 shares during the period. Institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

Shares of IDEX stock opened at $234.00 on Friday. The stock has a market cap of $17.25 billion, a P/E ratio of 33.67, a P/E/G ratio of 2.22 and a beta of 0.98. 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 stock’s fifty day moving average is $228.63 and its 200 day moving average is $213.63. IDEX Corporation has a one year low of $158.19 and a one year high of $243.80.

IDEX (NYSE:IEX) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.21. The business had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.IDEX’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.07 earnings per share. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Sell-side analysts anticipate that IDEX Corporation will post 8.82 earnings per share for the current year.

IDEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 6th were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, July 6th. IDEX’s payout ratio is presently 42.01%.

Insider Activity

In related news, CAO Lisa M. 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 completion of the transaction, the chief accounting officer directly owned 4,327 shares in the company, valued at approximately $1,032,378.93. The trade was a 8.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IEX. Citigroup raised their target price on IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. DA Davidson raised their price objective on shares of IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Seaport Research Partners reissued a “buy” rating and issued a $250.00 price objective on shares of IDEX in a report on Tuesday, May 5th. Finally, Oppenheimer restated an “outperform” rating and set a $265.00 target price on shares of IDEX in a research report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, IDEX currently has a consensus rating of “Moderate Buy” and an average target price of $260.80.

More IDEX News

Here are the key news stories impacting IDEX this week:

• Positive Sentiment: Zacks Research raised several EPS estimates, including forecasts for fiscal 2026, fiscal 2027, fiscal 2028, Q4 2026, Q1 2027, Q4 2027, Q1 2028 and Q2 2028. The fiscal 2028 estimate increased to $10.54 from $10.45, while the fiscal 2027 forecast rose to $9.26 from $9.21, signaling improving longer-term earnings expectations.
• Positive Sentiment: Analysts remain cautiously optimistic about IDEX’s prospects, and the company has outperformed the broader market over the past year. The latest consensus forecast calls for approximately $8.82 in current-year EPS, compared with the company’s guidance range of $8.70 to $8.85. Are Wall Street Analysts Predicting IDEX Stock Will Climb or Sink?
• Neutral Sentiment: The stock is trading near its 52-week high and above both its 50-day and 200-day moving averages, reflecting strong momentum. However, its price-to-earnings ratio of about 33.7 suggests investors are already paying a premium for expected growth, which may limit additional gains without further earnings upgrades.
• Negative Sentiment: Zacks Research slightly reduced its Q3 2026 EPS forecast to $2.19 from $2.20. Although the change is minor and remains close to the broader outlook, it provides a modest near-term headwind and may contribute to investor caution.

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.