Polar Asset Management Partners Inc. Makes New $3.81 Million Investment in IDEX Corporation $IEX

Polar Asset Management Partners Inc. bought a new stake in shares of IDEX Corporation (NYSE:IEX) in the second quarter, Holdings Channel reports. The firm bought 16,800 shares of the industrial products company’s stock, valued at approximately $3,813,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in IDEX by 4.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 160,520 shares of the industrial products company’s stock valued at $28,743,000 after purchasing an additional 6,901 shares in the last quarter. Baader Bank Aktiengesellschaft raised its stake in shares of IDEX by 27.5% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 27,809 shares of the industrial products company’s stock worth $4,948,000 after purchasing an additional 6,000 shares in the last quarter. RNC Capital Management LLC lifted its holdings in shares of IDEX by 227.3% during the 4th quarter. RNC Capital Management LLC now owns 19,807 shares of the industrial products company’s stock valued at $3,524,000 after buying an additional 13,755 shares during the last quarter. Geode Capital Management LLC increased its holdings in 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 buying an additional 7,844 shares during the last quarter. Finally, Jefferies Financial Group Inc. increased its stake in shares of IDEX by 586.2% during the 4th quarter. Jefferies Financial Group Inc. now owns 29,409 shares of the industrial products company’s stock worth $5,233,000 after purchasing an additional 25,123 shares during the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

IDEX Stock Down 1.5%

IEX opened at $230.16 on Wednesday. IDEX Corporation has a 1-year low of $158.19 and a 1-year high of $243.80. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $16.97 billion, a price-to-earnings ratio of 33.12, a P/E/G ratio of 2.21 and a beta of 0.98. The business has a 50 day moving average of $228.24 and a 200-day moving average of $213.32.

IDEX (NYSE:IEX) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.21. The business had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. IDEX’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, 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. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. IDEX’s dividend payout ratio is currently 42.01%.

Insider Activity at IDEX

In related news, CAO Lisa M. Anderson sold 385 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total value of $91,857.15. Following the completion of the sale, the chief accounting officer owned 4,327 shares in the company, valued at approximately $1,032,378.93. This trade represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

IEX has been the topic of several analyst reports. Oppenheimer reissued an “outperform” rating and set a $265.00 target price on shares of IDEX in a research report on Thursday, July 30th. Argus raised their price objective on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Seaport Research Partners restated a “buy” rating and issued a $250.00 target price on shares of IDEX in a report on Tuesday, May 5th. TD Cowen upped their target price on IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada increased their price target on IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $260.80.

IDEX 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.