Wellington Management Group LLP Sells 599,314 Shares of IDEX Corporation $IEX

Wellington Management Group LLP cut its holdings in shares of IDEX Corporation (NYSE:IEX) by 34.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,139,217 shares of the industrial products company’s stock after selling 599,314 shares during the quarter. Wellington Management Group LLP owned about 1.55% of IDEX worth $258,545,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. bought a new position in IDEX during the 2nd quarter worth $1,301,393,000. Primecap Management Co. CA acquired a new stake in shares of IDEX during the 2nd quarter worth $748,951,000. State Street Corp increased its position in shares of IDEX by 0.6% in the fourth quarter. State Street Corp now owns 3,172,410 shares of the industrial products company’s stock worth $564,499,000 after purchasing an additional 17,668 shares during the period. Geode Capital Management LLC increased its position in shares of IDEX by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock worth $360,740,000 after purchasing an additional 7,844 shares during the period. Finally, Van ECK Associates Corp raised its stake 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 purchasing an additional 63,699 shares in the last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Performance

IDEX stock opened at $230.44 on Monday. 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 stock has a market cap of $16.99 billion, a PE ratio of 33.16, a P/E/G ratio of 2.17 and a beta of 0.98. IDEX Corporation has a 12-month low of $158.19 and a 12-month high of $243.80. The business’s 50-day moving average price is $228.73 and its two-hundred day moving average price is $213.77.

IDEX (NYSE:IEX) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $905.38 million. During the same quarter in the prior year, the business earned $2.07 earnings per share. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. As a group, analysts expect that IDEX Corporation will post 8.82 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were given a $0.73 dividend. The ex-dividend date 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%.

Insiders Place Their Bets

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were 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 approximately $1,032,378.93. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IEX. Royal Bank Of Canada increased their price objective on shares of IDEX from $261.00 to $280.00 and gave the stock an “outperform” 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. TD Cowen upped their price target on shares of IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Mizuho upgraded shares of IDEX from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $210.00 to $280.00 in a research report on Tuesday, August 11th. Finally, Stifel Nicolaus lifted their price objective on shares of IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, IDEX currently has an average rating of “Moderate Buy” and an average price target of $260.80.

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.