Nuance Investments LLC Sells 45,147 Shares of IDEX Corporation $IEX

Nuance Investments LLC reduced its stake in IDEX Corporation (NYSE:IEX) by 27.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 117,447 shares of the industrial products company’s stock after selling 45,147 shares during the quarter. IDEX comprises approximately 2.3% of Nuance Investments LLC’s holdings, making the stock its 16th biggest position. Nuance Investments LLC’s holdings in IDEX were worth $20,899,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Parallel Advisors LLC increased its holdings in IDEX by 31.3% in the 4th quarter. Parallel Advisors LLC now owns 872 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 208 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in IDEX by 0.9% in the 4th quarter. Westfield Capital Management Co. LP now owns 401,998 shares of the industrial products company’s stock valued at $71,532,000 after acquiring an additional 3,715 shares during the last quarter. CIBC Asset Management Inc increased its holdings in IDEX by 68.1% in the 4th quarter. CIBC Asset Management Inc now owns 17,673 shares of the industrial products company’s stock valued at $3,145,000 after acquiring an additional 7,162 shares during the last quarter. New Mexico Educational Retirement Board increased its holdings in IDEX by 2.9% in the 4th quarter. New Mexico Educational Retirement Board now owns 3,500 shares of the industrial products company’s stock valued at $623,000 after acquiring an additional 100 shares during the last quarter. Finally, MUFG Securities EMEA plc increased its holdings in IDEX by 114.4% in the 4th quarter. MUFG Securities EMEA plc now owns 3,090 shares of the industrial products company’s stock valued at $550,000 after acquiring an additional 1,649 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IEX. BMO Capital Markets assumed coverage on shares of IDEX in a report on Friday, March 27th. They issued a “market perform” rating and a $214.00 price target on the stock. Argus upgraded shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 target price on the stock in a report on Friday, February 6th. Weiss Ratings restated a “hold (c)” rating on shares of IDEX in a report on Monday, April 20th. TD Cowen boosted their target price on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their target price on shares of IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, IDEX has an average rating of “Moderate Buy” and a consensus price target of $241.11.

IDEX Price Performance

IEX stock opened at $215.48 on Friday. IDEX Corporation has a 12 month low of $157.25 and a 12 month high of $223.85. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $205.49 and a 200 day moving average price of $195.32. The stock has a market cap of $15.95 billion, a PE ratio of 31.88, a P/E/G ratio of 2.12 and a beta of 1.00.

IDEX (NYSE:IEX) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The firm had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $845.58 million. During the same period in the previous year, the company earned $1.75 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. Equities research analysts anticipate that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from IDEX’s previous quarterly dividend of $0.71. IDEX’s dividend payout ratio is presently 43.20%.

Insider Activity at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the completion of the transaction, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. The trade was a 18.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

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.