Bamco Inc. NY Makes New Investment in IDEX Corporation $IEX

Key Points

• Bamco Inc. NY acquired 46,717 IDEX shares worth approximately $10.6 million, giving it a 0.06% stake. Institutional investors collectively own 97.96% of the company.
• IDEX exceeded quarterly expectations with $2.32 in EPS and $920.6 million in revenue, while revenue increased 6.4% year over year. Management guided to fiscal 2026 EPS of $8.70–$8.85.
• Analysts maintain a bullish outlook, with a consensus “Moderate Buy” rating and an average price target of $260.80 versus the reported $234 share price. The stock trades near its 52-week high at a premium P/E of about 33.7 and offers a 1.2% dividend yield.

Bamco Inc. NY acquired a new position in shares of IDEX Corporation (NYSE:IEX - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 46,717 shares of the industrial products company's stock, valued at approximately $10,602,000. Bamco Inc. NY owned about 0.06% of IDEX at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Laurel Wealth Advisors LLC acquired a new position in IDEX in the fourth quarter valued at $27,000. Optiver Holding B.V. purchased a new stake in shares of IDEX in the 1st quarter valued at about $27,000. SJS Investment Consulting Inc. boosted its position in shares of IDEX by 104.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 76 shares during the period. Quantbot Technologies LP purchased a new position in IDEX during the 2nd quarter worth approximately $33,000. Finally, CYBER HORNET ETFs LLC purchased a new position in IDEX during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 97.96% of the company's stock.

IDEX Stock Performance

Shares of IEX opened at $234.00 on Friday. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 52-week low of $158.19 and a 52-week high of $243.80. The company has a 50-day simple moving average of $228.63 and a 200-day simple moving average of $213.63. The company has a market capitalization of $17.25 billion, a PE ratio of 33.67, a P/E/G ratio of 2.22 and a beta of 0.98.

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

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 6th were given a $0.73 dividend. 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 1.2%. IDEX's payout ratio is currently 42.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on IDEX from $257.00 to $268.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Oppenheimer reaffirmed an "outperform" rating and issued a $265.00 target price on shares of IDEX in a report on Thursday, July 30th. Seaport Research Partners reiterated a "buy" rating and issued a $250.00 price target on shares of IDEX in a research report on Tuesday, May 5th. Weiss Ratings upgraded shares of IDEX from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 30th. Finally, Citigroup raised their price objective on shares of IDEX from $252.00 to $269.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $260.80.

IDEX News Summary

Here are the key news stories impacting IDEX this week:

• Positive Sentiment: Zacks Research raised several EPS estimates, including forecasts for fiscal 2026, fiscal 2027, fiscal 2028, Q4 2026, Q1 2027, Q4 2027, Q1 2028 and Q2 2028. The fiscal 2028 estimate increased to $10.54 from $10.45, while the fiscal 2027 forecast rose to $9.26 from $9.21, signaling improving longer-term earnings expectations.
• Positive Sentiment: Analysts remain cautiously optimistic about IDEX’s prospects, and the company has outperformed the broader market over the past year. The latest consensus forecast calls for approximately $8.82 in current-year EPS, compared with the company’s guidance range of $8.70 to $8.85. Are Wall Street Analysts Predicting IDEX Stock Will Climb or Sink?
• Neutral Sentiment: The stock is trading near its 52-week high and above both its 50-day and 200-day moving averages, reflecting strong momentum. However, its price-to-earnings ratio of about 33.7 suggests investors are already paying a premium for expected growth, which may limit additional gains without further earnings upgrades.
• Negative Sentiment: Zacks Research slightly reduced its Q3 2026 EPS forecast to $2.19 from $2.20. Although the change is minor and remains close to the broader outlook, it provides a modest near-term headwind and may contribute to investor caution.

Insider Buying and Selling

In related news, CAO Lisa M. Anderson sold 385 shares of the business's stock in a transaction that occurred on 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 sale, the chief accounting officer directly owned 4,327 shares in the company, valued at approximately $1,032,378.93. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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.

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