IDEX Corporation $IEX Position Cut by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC lowered its position in IDEX Corporation (NYSE:IEX) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,999 shares of the industrial products company’s stock after selling 2,376 shares during the quarter. IDEX makes up approximately 3.8% of Mountain Pacific Investment Advisers LLC’s portfolio, making the stock its 4th biggest position. Mountain Pacific Investment Advisers LLC’s holdings in IDEX were worth $22,367,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. SG Americas Securities LLC increased its holdings in shares of IDEX by 4.4% in the 1st quarter. SG Americas Securities LLC now owns 33,928 shares of the industrial products company’s stock valued at $6,431,000 after acquiring an additional 1,420 shares during the period. Evolve Private Wealth LLC raised its position in IDEX by 2.8% in the 1st 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 last quarter. AEGON ASSET MANAGEMENT UK Plc boosted its stake in IDEX by 27.4% during the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 77,732 shares of the industrial products company’s stock worth $14,734,000 after purchasing an additional 16,703 shares during the period. Osbon Capital Management LLC purchased a new position in IDEX during the 4th quarter worth $91,000. Finally, Pacer Advisors Inc. grew its position in IDEX by 4.9% during the 4th quarter. Pacer Advisors Inc. now owns 6,393 shares of the industrial products company’s stock worth $1,138,000 after purchasing an additional 297 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IEX has been the topic of a number of recent research reports. TD Cowen lifted their price objective on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Stifel Nicolaus set a $250.00 target price on shares of IDEX in a research note on Thursday, April 30th. BMO Capital Markets initiated coverage on IDEX in a report on Friday, March 27th. They set a “market perform” rating and a $214.00 price target on the stock. Royal Bank Of Canada boosted their price target on IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $250.00 price objective on shares of IDEX in a research note on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.11.

Insider Buying and Selling at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at $14,346,134.76. This represents a 18.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.

IDEX Stock Up 0.4%

IEX opened at $225.85 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40. The business has a 50 day simple moving average of $211.67 and a 200-day simple moving average of $199.18. The stock has a market capitalization of $16.72 billion, a P/E ratio of 33.41, a P/E/G ratio of 2.21 and a beta of 1.00. IDEX Corporation has a 12 month low of $157.25 and a 12 month high of $228.26.

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

IDEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, July 6th will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, July 6th. IDEX’s payout ratio is presently 43.20%.

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.