Corient Private Wealth LLC Sells 7,333 Shares of IDEX Corporation $IEX

Key Points

• Corient Private Wealth LLC trimmed its IDEX position by 3.3% in the fourth quarter, selling 7,333 shares and ending with 215,525 shares valued at about $38.4 million.
• IDEX posted stronger-than-expected quarterly results, with EPS of $2.00 topping estimates and revenue of $886.9 million beating forecasts; the company also raised guidance for Q2 2026 and FY 2026.
• Analysts remain generally bullish on IDEX, with six Buy ratings and three Hold ratings, and a consensus price target of $241.11 versus the stock’s recent opening price of $225.85.

Corient Private Wealth LLC lowered its position in shares of IDEX Corporation (NYSE:IEX - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 215,525 shares of the industrial products company's stock after selling 7,333 shares during the quarter. Corient Private Wealth LLC owned 0.29% of IDEX worth $38,352,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Wellington Management Group LLP lifted its position in shares of IDEX by 3.4% in the third quarter. Wellington Management Group LLP now owns 6,477,929 shares of the industrial products company's stock worth $1,054,348,000 after purchasing an additional 211,696 shares in the last quarter. Primecap Management Co. CA grew its position in IDEX by 86.5% in 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. State Street Corp increased its stake in IDEX by 0.6% in the 4th quarter. State Street Corp now owns 3,172,410 shares of the industrial products company's stock valued at $564,499,000 after buying an additional 17,668 shares during the last quarter. Geode Capital Management LLC increased its stake in IDEX by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company's stock valued at $360,740,000 after buying an additional 7,844 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in IDEX by 3.3% during the 4th quarter. Van ECK Associates Corp now owns 1,976,856 shares of the industrial products company's stock worth $351,762,000 after buying an additional 63,699 shares in the last quarter. 97.96% of the stock is owned by institutional investors.

IDEX Stock Performance

NYSE IEX opened at $225.85 on Monday. The firm has a market capitalization of $16.72 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. The firm's fifty day moving average price is $211.67 and its two-hundred day moving average price is $199.18. IDEX Corporation has a 1 year low of $157.25 and a 1 year high of $228.26.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.22. The company had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The company's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.75 EPS. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. As a group, research analysts anticipate that IDEX Corporation will post 8.49 EPS for the current year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Monday, July 6th will be issued a dividend of $0.73 per share. The ex-dividend date is Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. IDEX's dividend payout ratio (DPR) is presently 43.20%.

Insiders Place Their Bets

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the business's stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the transaction, the chief executive officer owned 66,658 shares of the company's stock, valued at $14,346,134.76. The trade was a 18.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Seaport Research Partners restated a "buy" rating and set a $250.00 price objective on shares of IDEX in a research note on Tuesday, May 5th. TD Cowen lifted their target price on IDEX from $250.00 to $260.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. BMO Capital Markets started coverage on IDEX in a report on Friday, March 27th. They set a "market perform" rating and a $214.00 target price on the stock. Oppenheimer reissued an "outperform" rating and set a $250.00 price target (up from $242.00) on shares of IDEX in a research report on Tuesday, June 2nd. Finally, Royal Bank Of Canada raised their price target on IDEX from $225.00 to $252.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, IDEX has an average rating of "Moderate Buy" and a consensus target price of $241.11.

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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