106,321 Shares in IDEX Corporation $IEX Acquired by Sone Capital Management LLC

Key Points

• Sone Capital Management acquired 106,321 IDEX shares worth approximately $24.1 million, representing a new 0.14% stake and 1.8% of the fund’s portfolio. Institutional investors and hedge funds collectively own 97.96% of IDEX.
• Analysts maintain a positive outlook, with eight Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $260.80 versus the stock’s $233.51 opening price.
• IDEX exceeded quarterly expectations with adjusted earnings of $2.32 per share and revenue of $920.6 million, while reporting 6.4% year-over-year revenue growth. The company also declared a $0.73 quarterly dividend, equivalent to a 1.3% annualized yield.

Sone Capital Management LLC purchased a new position in shares of IDEX Corporation (NYSE:IEX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 106,321 shares of the industrial products company's stock, valued at approximately $24,130,000. IDEX accounts for approximately 1.8% of Sone Capital Management LLC's holdings, making the stock its 13th largest holding. Sone Capital Management LLC owned 0.14% of IDEX as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Empowered Funds LLC increased its holdings in shares of IDEX by 3.4% in the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company's stock valued at $298,000 after acquiring an additional 54 shares during the period. EverSource Wealth Advisors LLC boosted its stake in IDEX by 4.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company's stock worth $274,000 after purchasing an additional 56 shares during the period. Evolve Private Wealth LLC grew its position in IDEX by 2.8% during the 1st quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company's stock worth $403,000 after purchasing an additional 58 shares during the last quarter. Sanctuary Advisors LLC increased its stake in IDEX by 2.6% in 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, Mackenzie Financial Corp increased its stake in IDEX by 2.8% in the fourth quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company's stock valued at $458,000 after purchasing an additional 70 shares during the period. 97.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other IDEX 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 transaction, the chief accounting officer directly owned 4,327 shares of the company's stock, valued at approximately $1,032,378.93. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on IEX shares. Robert W. Baird set a $257.00 target price on shares of IDEX in a research note on Thursday, April 30th. Citigroup upped their price objective on IDEX from $252.00 to $269.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Stifel Nicolaus increased their price objective on IDEX from $257.00 to $268.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. TD Cowen lifted their target price on IDEX from $260.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Finally, Weiss Ratings raised IDEX from a "hold (c+)" rating to a "buy (b-)" 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $260.80.

IDEX Stock Down 0.4%

Shares of NYSE:IEX opened at $233.51 on Tuesday. IDEX Corporation has a fifty-two week low of $158.19 and a fifty-two week high of $243.80. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The firm's 50-day simple moving average is $228.11 and its 200-day simple moving average is $213.20. The company has a market cap of $17.21 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 2.21 and a beta of 0.98.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.11 by $0.21. The firm had revenue of $920.60 million during the quarter, compared to the consensus estimate of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The firm's revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $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, equities research analysts predict that IDEX Corporation will post 8.82 earnings per share for the current year.

IDEX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 6th were paid 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 42.01%.

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.

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