Corient Private Wealth LP Sells 20,193 Shares of IDEX Corporation $IEX

Key Points

• Corient Private Wealth reduced its IDEX stake by 8.6%, selling 20,193 shares and retaining 215,103 shares valued at approximately $48.8 million. Institutional investors collectively own 97.96% of the company.
• IDEX reported quarterly earnings of $2.32 per share on $920.6 million in revenue, exceeding analyst expectations, while revenue rose 6.4% year over year. The company guided for fiscal 2026 EPS of $8.70–$8.85.
• Analysts remain broadly positive, with nine Buy ratings and two Holds, an overall “Moderate Buy” consensus, and an average price target of $260.27 versus the stock’s reported $224.13 price.

Corient Private Wealth LP decreased its holdings in shares of IDEX Corporation (NYSE:IEX - Free Report) by 8.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 215,103 shares of the industrial products company's stock after selling 20,193 shares during the quarter. Corient Private Wealth LP owned about 0.29% of IDEX worth $48,818,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Amundi lifted its position in IDEX by 19.6% during the second quarter. Amundi now owns 1,458,979 shares of the industrial products company's stock valued at $331,017,000 after purchasing an additional 239,579 shares during the last quarter. Groupe la Francaise bought a new stake in shares of IDEX in the 2nd quarter worth about $521,000. California State Teachers Retirement System increased its holdings in shares of IDEX by 17,765.1% in the 2nd quarter. California State Teachers Retirement System now owns 23,276,446 shares of the industrial products company's stock worth $5,282,589,000 after buying an additional 23,146,156 shares during the last quarter. HB Wealth Management LLC raised its position in shares of IDEX by 5.5% during the 2nd quarter. HB Wealth Management LLC now owns 2,545 shares of the industrial products company's stock valued at $578,000 after buying an additional 132 shares in the last quarter. Finally, Saudi Central Bank raised its position in shares of IDEX by 88.0% during the 2nd quarter. Saudi Central Bank now owns 5,194 shares of the industrial products company's stock valued at $1,179,000 after buying an additional 2,431 shares in the last quarter. Institutional investors own 97.96% of the company's stock.

IDEX Price Performance

IEX opened at $224.13 on Friday. The business has a fifty day moving average of $228.58 and a 200 day moving average of $214.79. The stock has a market cap of $16.52 billion, a P/E ratio of 32.25, a PEG ratio of 2.54 and a beta of 0.98. 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.

IDEX (NYSE:IEX - Get Free Report) last released its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.11 by $0.21. The business had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The business's revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $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, sell-side analysts anticipate that IDEX Corporation will post 8.83 EPS for the current year.

IDEX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, July 6th. IDEX's dividend payout ratio (DPR) is currently 42.01%.

Insiders Place Their Bets

In other IDEX news, CAO Lisa Anderson sold 385 shares of the business's 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 sale, the chief accounting officer directly owned 4,327 shares of the company's stock, valued at $1,032,378.93. The trade was a 8.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on IEX shares. Stifel Nicolaus lifted their price target on IDEX from $257.00 to $268.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Argus raised their price objective on IDEX from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Oppenheimer lifted their target price on IDEX from $265.00 to $270.00 and gave the stock an "outperform" rating in a report on Wednesday. TD Cowen increased their price target on IDEX from $260.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Finally, DA Davidson raised their price target on IDEX from $230.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $260.27.

IDEX Company Profile

IDEX Corporation NYSE: IEX is an industrial technology company that designs, manufactures and markets engineered products and systems used in a range of specialized applications. Its portfolio includes pumps, valves, flow meters, compressors, dispensing equipment and other fluid-handling technologies that help customers move, measure and control liquids and gases.

The company operates through businesses focused on Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety/Diversified Products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.