Envestnet Portfolio Solutions Inc. Purchases 5,921 Shares of IDEX Corporation $IEX

Key Points

• Envestnet Portfolio Solutions purchased 5,921 IDEX shares worth approximately $1.34 million, while institutional investors collectively own 97.96% of the company.
• IDEX reported quarterly EPS of $2.32, beating estimates of $2.11, on revenue of $920.6 million, up 6.4% year over year. The company maintained FY 2026 EPS guidance of $8.70–$8.85.
• Analysts maintain a favorable outlook, with a “Moderate Buy” consensus and an average price target of $260.27 versus the stock’s reported price of $230.19. IDEX also declared a quarterly dividend of $0.73 per share, yielding approximately 1.3% annually.

Envestnet Portfolio Solutions Inc. purchased a new position in shares of IDEX Corporation (NYSE:IEX - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,921 shares of the industrial products company's stock, valued at approximately $1,344,000.

A number of other large investors also recently modified their holdings of IEX. Andra AP fonden bought a new stake in IDEX during the second quarter worth about $7,194,000. Sequoia Financial Advisors LLC raised its stake in shares of IDEX by 10.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,495 shares of the industrial products company's stock worth $793,000 after purchasing an additional 329 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of IDEX by 104.3% in the 2nd quarter. Tidal Investments LLC now owns 15,272 shares of the industrial products company's stock valued at $3,466,000 after buying an additional 7,798 shares during the last quarter. National Pension Service grew its stake in shares of IDEX by 7.8% in the second quarter. National Pension Service now owns 9,544 shares of the industrial products company's stock valued at $2,166,000 after buying an additional 691 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of IDEX by 9.4% in the second quarter. Allworth Financial LP now owns 722 shares of the industrial products company's stock valued at $164,000 after buying an additional 62 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Stock Performance

NYSE IEX opened at $230.19 on Monday. The stock has a market cap of $16.97 billion, a PE ratio of 33.12, a P/E/G ratio of 2.61 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05. The firm has a 50-day moving average of $229.01 and a 200-day moving average of $216.17. IDEX Corporation has a 52-week low of $159.27 and a 52-week high of $243.80.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating 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 net margin of 14.49% and a return on equity of 15.69%. IDEX's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior 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. On average, sell-side analysts anticipate that IDEX Corporation will post 8.83 EPS for the current year.

IDEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, October 2nd. IDEX's dividend payout ratio is currently 42.01%.

Insiders Place Their Bets

In related news, CAO Lisa Anderson sold 385 shares of the company'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 transaction, the chief accounting officer directly owned 4,327 shares in the company, valued at approximately $1,032,378.93. This represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on IEX. Mizuho raised shares of IDEX from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $210.00 to $280.00 in a research report on Tuesday, August 11th. Royal Bank Of Canada lifted their price objective on shares of IDEX from $261.00 to $280.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. Argus boosted their price objective on shares of IDEX from $250.00 to $260.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Vertical Research started coverage on shares of IDEX in a report on Tuesday, September 8th. They issued a "buy" rating and a $250.00 target price on the stock. Finally, Citigroup raised their target price on shares of IDEX from $252.00 to $269.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, IDEX currently has an average rating of "Moderate Buy" and an average target price of $260.27.

IDEX 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.

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