IDEX Corporation $IEX Stock: Vontobel Holding Ltd. Trims Stake

Vontobel Holding Ltd. trimmed its holdings in shares of IDEX Corporation (NYSE:IEX) by 9.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,984 shares of the industrial products company’s stock after selling 2,215 shares during the quarter. Vontobel Holding Ltd.’s holdings in IDEX were worth $5,012,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Elevation Wealth Partners LLC grew its position in IDEX by 42.7% in the third quarter. Elevation Wealth Partners LLC now owns 147 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 44 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in IDEX by 4.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company’s stock valued at $274,000 after purchasing an additional 56 shares during the period. Evolve Private Wealth LLC raised its position in IDEX by 2.8% during the first quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock valued at $403,000 after purchasing an additional 58 shares during the period. Sanctuary Advisors LLC raised its position in IDEX by 2.6% during the first quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company’s stock valued at $463,000 after purchasing an additional 62 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of IDEX by 9.4% in the 2nd quarter. Allworth Financial LP now owns 722 shares of the industrial products company’s stock valued at $164,000 after purchasing an additional 62 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

Insider Activity

In other news, CAO Lisa Anderson sold 385 shares of the company’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 transaction, the chief accounting officer owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. This represents 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 this link. 0.50% of the stock is owned by company insiders.

IDEX Price Performance

IEX stock opened at $235.10 on Friday. IDEX Corporation has a 12 month low of $160.60 and a 12 month 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 company has a 50-day moving average price of $230.55 and a 200 day moving average price of $220.58. The stock has a market cap of $17.33 billion, a PE ratio of 33.83, a P/E/G ratio of 2.67 and a beta of 0.97.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The company had revenue of $920.60 million for the quarter, compared to the consensus estimate of $905.38 million. During the same period in the prior year, the firm posted $2.07 EPS. The firm’s revenue 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. Equities research analysts anticipate that IDEX Corporation will post 8.83 earnings per share for the current year.

IDEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, October 2nd. IDEX’s payout ratio is 42.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. KeyCorp upgraded IDEX to a “hold” rating in a report on Monday, October 12th. Weiss Ratings raised IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Royal Bank Of Canada increased their price target on IDEX from $280.00 to $285.00 and gave the company an “outperform” rating in a report on Wednesday. Mizuho upgraded IDEX from a “neutral” rating to an “outperform” rating and increased their price target for the company from $210.00 to $280.00 in a report on Tuesday, August 11th. Finally, Stifel Nicolaus raised their price target on IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $260.73.

About IDEX

IDEX Corporation (NYSE: IEX) is a diversified industrial company that designs, manufactures and sells engineered products and technologies used to move, control and monitor fluids. Its products serve a range of industrial, commercial and specialty applications where precision, reliability and performance are important.

The company operates through three primary segments: Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products. Its offerings include pumps, valves, flow meters, compressors, dispensing equipment, precision fluidics components and related systems.