Medina Value Partners LLC Has $11.26 Million Stock Holdings in IDEX Corporation $IEX

Medina Value Partners LLC raised its holdings in shares of IDEX Corporation (NYSE:IEX) by 1,718.1% in the 4th quarter, HoldingsChannel reports. The firm owned 63,251 shares of the industrial products company’s stock after buying an additional 59,772 shares during the period. IDEX makes up approximately 2.6% of Medina Value Partners LLC’s holdings, making the stock its 19th largest holding. Medina Value Partners LLC’s holdings in IDEX were worth $11,255,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. LRT Capital Management LLC bought a new position in IDEX during the 4th quarter worth $544,000. Congruence Capital LLC bought a new position in IDEX during the 4th quarter worth $17,076,000. Eventide Asset Management LLC increased its position in IDEX by 2.9% during the 4th quarter. Eventide Asset Management LLC now owns 99,135 shares of the industrial products company’s stock worth $17,653,000 after buying an additional 2,753 shares during the period. Evelyn Partners Investment Management LLP increased its position in IDEX by 9.2% during the 4th quarter. Evelyn Partners Investment Management LLP now owns 185,359 shares of the industrial products company’s stock worth $32,983,000 after buying an additional 15,632 shares during the period. Finally, Brown Advisory Inc. increased its position in IDEX by 2.8% during the 4th quarter. Brown Advisory Inc. now owns 204,407 shares of the industrial products company’s stock worth $36,372,000 after buying an additional 5,612 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Stock Performance

Shares of IDEX stock opened at $218.12 on Monday. The company has a 50 day moving average of $208.47 and a 200-day moving average of $197.41. IDEX Corporation has a 1-year low of $157.25 and a 1-year high of $223.94. 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 market cap of $16.14 billion, a PE ratio of 32.27, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00.

IDEX (NYSE:IEX) last issued its quarterly earnings results 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. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The company had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. During the same quarter in the prior year, the firm posted $1.75 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. As a group, equities research analysts forecast that IDEX Corporation will post 8.49 earnings per share for the current fiscal year.

IDEX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.73 per share. This is a boost from IDEX’s previous quarterly dividend of $0.71. 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 1.3%. IDEX’s payout ratio is currently 43.20%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Stifel Nicolaus set a $250.00 price objective on IDEX in a research report on Thursday, April 30th. Seaport Research Partners reiterated a “buy” rating and set a $250.00 price objective on shares of IDEX in a research report on Tuesday, May 5th. Robert W. Baird set a $257.00 price objective on IDEX in a research report on Thursday, April 30th. Oppenheimer reiterated an “outperform” rating and set a $250.00 price objective (up from $242.00) on shares of IDEX in a research report on Tuesday, June 2nd. Finally, Royal Bank Of Canada raised their price target on IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $241.11.

Insider Buying and Selling

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

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.