Insider Selling: IDEX (NYSE:IEX) CEO Sells $3,311,159.70 in Stock

IDEX Corporation (NYSE:IEX) CEO Eric Ashleman sold 15,385 shares of IDEX stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $215.22, for a total value of $3,311,159.70. Following the completion of the sale, the chief executive officer directly owned 66,658 shares in the company, valued at $14,346,134.76. This represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

IDEX Stock Performance

NYSE IEX opened at $207.72 on Friday. The stock’s fifty day moving average is $199.95 and its two-hundred day moving average is $190.93. The firm has a market capitalization of $15.37 billion, a P/E ratio of 30.73, a price-to-earnings-growth ratio of 2.07 and a beta of 1.02. 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 fifty-two week low of $157.25 and a fifty-two week high of $223.85.

IDEX (NYSE:IEX) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. The company had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 earnings per share. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. On average, research analysts anticipate that IDEX Corporation will post 8.5 earnings per share for the current year.

IDEX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. This is an increase from IDEX’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Friday, May 22nd. IDEX’s dividend payout ratio is presently 42.01%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. 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 objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of IDEX in a research report on Monday, April 20th. TD Cowen lifted their target price on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Stifel Nicolaus set a $250.00 price target on IDEX in a report on Thursday, April 30th. Finally, Robert W. Baird set a $257.00 price objective on IDEX in a report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, IDEX has a consensus rating of “Moderate Buy” and an average price target of $240.22.

Institutional Trading of IDEX

A number of large investors have recently made changes to their positions in IEX. Nordea Investment Management AB boosted its position in shares of IDEX by 193.6% in the 3rd quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock valued at $382,049,000 after purchasing an additional 1,559,124 shares during the period. Primecap Management Co. CA boosted its position in shares of IDEX by 86.5% in the 4th quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock valued at $574,174,000 after purchasing an additional 1,496,207 shares during the period. Dodge & Cox boosted its position in shares of IDEX by 266.7% in the 4th quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company’s stock valued at $224,658,000 after purchasing an additional 918,208 shares during the period. Norges Bank acquired a new stake in shares of IDEX in the 4th quarter valued at about $162,788,000. Finally, Millennium Management LLC boosted its position in shares of IDEX by 293.6% in the 4th quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company’s stock valued at $189,286,000 after purchasing an additional 793,530 shares during the period. 97.96% of the stock is owned by institutional investors and hedge funds.

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.