Rice Hall James & Associates LLC Makes New $608,000 Investment in IDEX Corporation $IEX

Rice Hall James & Associates LLC acquired a new position in IDEX Corporation (NYSE:IEX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,679 shares of the industrial products company’s stock, valued at approximately $608,000.

A number of other institutional investors also recently made changes to their positions in IEX. Empowered Funds LLC raised its position in IDEX by 3.4% in the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 54 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of IDEX by 41.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,043 shares of the industrial products company’s stock valued at $183,000 after buying an additional 304 shares during the last quarter. Cresset Asset Management LLC bought a new position in shares of IDEX during the second quarter valued at about $219,000. Cerity Partners LLC increased its holdings in shares of IDEX by 23.9% in the second quarter. Cerity Partners LLC now owns 18,658 shares of the industrial products company’s stock worth $3,276,000 after buying an additional 3,604 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of IDEX by 4.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 13,513 shares of the industrial products company’s stock valued at $2,373,000 after acquiring an additional 518 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on IEX. Argus raised their price target on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. TD Cowen boosted their price objective on IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Stifel Nicolaus raised their target price on shares of IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $265.00 target price on shares of IDEX in a research note on Thursday, July 30th. Finally, Seaport Research Partners reiterated a “buy” rating and set a $250.00 price target on shares of IDEX in a report on Tuesday, May 5th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $260.80.

IDEX Stock Down 2.5%

Shares of NYSE:IEX opened at $234.29 on Wednesday. The stock’s 50-day moving average is $226.83 and its 200 day moving average is $212.22. The company has a market cap of $17.27 billion, a PE ratio of 33.71, a P/E/G ratio of 2.25 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. IDEX Corporation has a 1 year low of $158.19 and a 1 year high of $243.80.

IDEX (NYSE:IEX) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.21. The business had revenue of $920.60 million during the quarter, compared to analysts’ expectations of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $2.07 EPS. 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 8.84 EPS for the current year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were paid a $0.73 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a yield of 1.2%. IDEX’s dividend payout ratio (DPR) is presently 42.01%.

Insiders Place Their Bets

In related news, CAO Lisa M. Anderson sold 385 shares of IDEX stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total value of $91,857.15. Following the sale, the chief accounting officer owned 4,327 shares in the company, valued at $1,032,378.93. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by company insiders.

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.