BlackRock Inc. Makes New Investment in IDEX Corporation $IEX

BlackRock Inc. bought a new stake in IDEX Corporation (NYSE:IEX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,734,272 shares of the industrial products company's stock, valued at approximately $1,301,393,000. BlackRock Inc. owned approximately 7.78% of IDEX at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in IEX. Laurel Wealth Advisors LLC bought a new stake in shares of IDEX during the 4th quarter worth $27,000. Optiver Holding B.V. bought a new position in shares of IDEX in the first quarter worth about $27,000. SJS Investment Consulting Inc. boosted its stake 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 in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of IDEX in the 2nd quarter valued at approximately $35,000. Finally, Root Financial Partners LLC grew its holdings in shares of IDEX by 57.6% during the 1st quarter. Root Financial Partners LLC now owns 208 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 97.96% of the company's stock.

IDEX News Roundup

Here are the key news stories impacting IDEX this week:

• Positive Sentiment: Zacks Research raised multiple earnings forecasts. Estimates increased for Q3 2026 EPS to $2.20 from $2.17, FY2026 EPS to $8.70 from $8.46, Q1 2027 EPS to $2.11 from $2.09, FY2027 EPS to $9.21 from $9.20, and FY2028 EPS to $10.45 from $10.27. The revisions indicate improving expectations for IDEX’s industrial-products business. Zacks Research earnings estimates
• Positive Sentiment: Forward earnings growth remains attractive. Zacks’ FY2027 and FY2028 forecasts imply continued EPS expansion, while the current full-year consensus stands at $8.84 per share. IDEX also recently exceeded quarterly earnings and revenue expectations, providing fundamental support for the shares.
• Neutral Sentiment: A board resignation and governance adjustment add uncertainty. The announcement could prompt investors to reassess board oversight, strategy and capital allocation. The impact on the stock will depend on the identity of the departing director and the details of the governance changes. IDEX Announces Board Resignation and Governance Adjustment
• Negative Sentiment: One estimate was reduced. Zacks cut its Q2 2027 EPS forecast to $2.33 from $2.43, suggesting some near-term uncertainty despite the broader upward revision trend.
• Negative Sentiment: Valuation leaves limited room for disappointment. IDEX trades at roughly 34 times earnings, so investors may demand consistent execution and positive estimate revisions. The board news could therefore weigh more heavily than it would for a lower-valued industrial company. IDEX Board Shift Puts Valuation Back In Focus

IDEX Stock Down 0.3%

NYSE:IEX opened at $233.83 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. IDEX Corporation has a one year low of $158.19 and a one year high of $243.80. The firm's 50 day simple moving average is $227.55 and its 200 day simple moving average is $212.72. The company has a market cap of $17.24 billion, a PE ratio of 33.64, a P/E/G ratio of 2.21 and a beta of 0.98.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company's revenue for the quarter was up 6.4% on a year-over-year basis. 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. On average, research analysts anticipate 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. Shareholders of record on Monday, July 6th were given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, July 6th. IDEX's payout ratio is 42.01%.

Insider Buying and Selling at IDEX

In other news, CAO Lisa M. Anderson sold 385 shares of the firm's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total transaction of $91,857.15. Following the completion of the transaction, the chief accounting officer directly owned 4,327 shares in the company, valued at $1,032,378.93. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

IEX has been the subject of a number of research analyst reports. DA Davidson upped their price objective on shares of IDEX from $230.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Oppenheimer reaffirmed an "outperform" rating and set a $265.00 target price on shares of IDEX in a research note on Thursday, July 30th. TD Cowen upped their price target on shares of IDEX from $260.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Citigroup increased their price target on IDEX from $252.00 to $269.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Finally, Seaport Research Partners reissued a "buy" rating and set a $250.00 price objective on shares of IDEX in a report on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $260.80.

IDEX 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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