Contravisory Investment Management Inc. Purchases Shares of 5,194 IDEX Corporation $IEX

Key Points

• Contravisory Investment Management purchased 5,194 shares of IDEX worth approximately $1.18 million during the second quarter. Institutional investors collectively own 97.96% of the company.
• IDEX exceeded quarterly expectations, reporting $2.32 in earnings per share versus the $2.11 consensus estimate and revenue of $920.6 million, up 6.4% year over year.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $258.67. IDEX also pays a quarterly dividend of $0.73 per share, yielding about 1.2%.

Contravisory Investment Management Inc. bought a new position in shares of IDEX Corporation (NYSE:IEX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,194 shares of the industrial products company's stock, valued at approximately $1,179,000.

Other institutional investors have also recently bought and sold shares of the company. Primecap Management Co. CA boosted its holdings in IDEX by 86.5% during the fourth quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company's stock valued at $574,174,000 after purchasing an additional 1,496,207 shares in the last quarter. Dodge & Cox increased its position in IDEX by 266.7% in the fourth quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company's stock worth $224,658,000 after purchasing an additional 918,208 shares during the period. Norges Bank bought a new stake in shares of IDEX during the fourth quarter worth approximately $162,788,000. Millennium Management LLC raised its position in shares of IDEX by 293.6% during the 4th quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company's stock valued at $189,286,000 after acquiring an additional 793,530 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in IDEX by 215.0% in the first quarter. Bank of America Corp DE now owns 1,094,101 shares of the industrial products company's stock valued at $207,387,000 after buying an additional 746,732 shares during the period. Institutional investors and hedge funds own 97.96% of the company's stock.

IDEX Trading Down 0.1%

Shares of IEX stock opened at $234.34 on Monday. The firm has a 50 day moving average price of $223.71 and a two-hundred day moving average price of $210.17. The company has a market capitalization of $17.28 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. IDEX Corporation has a 12-month low of $157.25 and a 12-month 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.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.21. The firm had revenue of $920.60 million for the quarter, compared to analysts' expectations of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The company's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.07 EPS. 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, analysts predict that IDEX Corporation will post 8.84 earnings per share for the current year.

IDEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were given a dividend of $0.73 per share. 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 dividend payout ratio is presently 42.01%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Robert W. Baird set a $257.00 target price on IDEX in a report on Thursday, April 30th. Oppenheimer restated an "outperform" rating and set a $265.00 price objective on shares of IDEX in a research note on Thursday, July 30th. DA Davidson upped their price objective on IDEX from $230.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday. Weiss Ratings raised shares of IDEX from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada boosted their target price on shares of IDEX from $261.00 to $280.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $258.67.

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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