Findlay Park Partners LLP Invests $72.92 Million in IDEX Corporation $IEX

Key Points

• Findlay Park Partners acquired a new $72.9 million stake in IDEX during the second quarter, purchasing 321,299 shares, or approximately 0.44% of the company. Institutional investors and hedge funds collectively own 97.96% of IDEX.
• Analysts remain broadly bullish: eight analysts rate IDEX a Buy and two rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $260.80.
• IDEX reported quarterly EPS of $2.32 versus the $2.11 consensus estimate, while revenue rose 6.4% year over year to $920.6 million. The company also declared a quarterly dividend of $0.73, equivalent to a 1.2% annualized yield.

Findlay Park Partners LLP purchased a new stake in IDEX Corporation (NYSE:IEX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 321,299 shares of the industrial products company's stock, valued at approximately $72,919,000. Findlay Park Partners LLP owned approximately 0.44% of IDEX as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in IDEX in the second quarter worth approximately $1,301,393,000. Primecap Management Co. CA lifted its position in shares of 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 worth $574,174,000 after buying an additional 1,496,207 shares during the last quarter. Dodge & Cox lifted its position in shares of 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 buying an additional 918,208 shares during the last quarter. Norges Bank bought a new stake in shares of IDEX during the 4th quarter worth about $162,788,000. Finally, Millennium Management LLC boosted its stake 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 worth $189,286,000 after acquiring an additional 793,530 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

Insider Transactions at IDEX

In other news, CAO Lisa M. 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 transaction of $91,857.15. Following the transaction, the chief accounting officer owned 4,327 shares in the company, valued at approximately $1,032,378.93. The trade was a 8.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on IEX shares. Seaport Research Partners restated a "buy" rating and issued a $250.00 target price on shares of IDEX in a report on Tuesday, May 5th. Oppenheimer reiterated an "outperform" rating and set a $265.00 price target on shares of IDEX in a report on Thursday, July 30th. TD Cowen lifted their price target on shares of IDEX from $260.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Mizuho upgraded shares of IDEX from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $210.00 to $280.00 in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada upped their price objective on shares of IDEX from $261.00 to $280.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $260.80.

Key Stories Impacting IDEX

Here are the key news stories impacting IDEX this week:

• Positive Sentiment: Analysts raised several forward earnings forecasts. Zacks Research lifted its FY2026 EPS estimate to $8.70 from $8.46, Q3 2026 to $2.20 from $2.17, Q1 2027 to $2.11 from $2.09, FY2027 to $9.21 from $9.20, and FY2028 to $10.45 from $10.27. The upgrades suggest expectations for improving earnings momentum beyond the current year. IDEX analyst estimates
• Positive Sentiment: Longer-term earnings growth remains a key support. The FY2028 forecast implies continued expansion from the approximately $8.70 expected for FY2026, while the company’s latest reported quarter exceeded consensus estimates for both revenue and EPS. IDEX financial information
• Neutral Sentiment: Board changes may increase investor focus on governance and valuation. IDEX announced a board resignation and a governance adjustment. The development does not provide a clear operating-impact signal, but investors may scrutinize leadership, capital allocation, and whether the company’s premium valuation is justified. IDEX board resignation and governance adjustment
• Negative Sentiment: Some estimates were reduced. Zacks cut its Q2 2027 EPS forecast to $2.33 from $2.43 and its Q2 2028 forecast to $2.43 from $2.54. These isolated reductions temper the broader upgrade story and could limit upside if investors view them as signs of uneven demand or execution. IDEX revised earnings estimates

IDEX Stock Up 0.4%

Shares of IEX stock opened at $234.57 on Friday. IDEX Corporation has a 12 month low of $158.19 and a 12 month high of $243.80. The firm has a market cap of $17.29 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. The stock has a 50 day moving average of $227.88 and a 200-day moving average of $212.87. 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 announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The business had revenue of $920.60 million for the quarter, compared to the consensus estimate of $905.38 million. During the same quarter last year, the company posted $2.07 earnings per share. IDEX's quarterly revenue was up 6.4% on a year-over-year basis. 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, equities analysts predict that IDEX Corporation will post 8.82 EPS 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 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, July 6th. IDEX's dividend payout ratio (DPR) is currently 42.01%.

About IDEX

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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