IDEX Corporation $IEX Shares Purchased by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group more than doubled its IDEX stake in the second quarter, adding 525,048 shares to own 1.04 million shares valued at approximately $236.6 million. Institutional investors and hedge funds collectively own 97.96% of IDEX.
• IDEX reported quarterly EPS of $2.32, exceeding estimates of $2.11, while revenue rose 6.4% year over year to $920.6 million. The company issued fiscal 2026 EPS guidance of $8.70–$8.85.
• Wall Street maintains a favorable outlook, with eight Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $260.80. IDEX also pays a $0.73 quarterly dividend, equivalent to a 1.3% yield.

Alyeska Investment Group L.P. boosted its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 101.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,042,703 shares of the industrial products company's stock after buying an additional 525,048 shares during the quarter. IDEX makes up about 0.6% of Alyeska Investment Group L.P.'s holdings, making the stock its 28th largest position. Alyeska Investment Group L.P. owned 1.41% of IDEX worth $236,641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new stake in IDEX during the 4th quarter worth about $27,000. Optiver Holding B.V. purchased a new position in shares of IDEX in the 1st quarter valued at about $27,000. SJS Investment Consulting Inc. raised its position in shares of IDEX by 104.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company's stock worth $28,000 after acquiring an additional 76 shares in the last quarter. Quantbot Technologies LP purchased a new stake in IDEX during the second quarter worth approximately $33,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in IDEX during the second quarter worth approximately $35,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Price Performance

Shares of NYSE:IEX opened at $230.44 on Friday. IDEX Corporation has a one year low of $158.19 and a one year high of $243.80. The stock has a market capitalization of $16.99 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.18 and a beta of 0.98. The company has a 50-day simple moving average of $228.73 and a 200-day simple moving average of $213.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05.

IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The firm had revenue of $920.60 million for the quarter, compared to analysts' expectations of $905.38 million. During the same quarter in the previous year, the firm posted $2.07 EPS. The firm's revenue for the quarter 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, 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. Investors of record on Monday, July 6th were issued a dividend of $0.73 per share. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. IDEX's dividend payout ratio (DPR) is currently 42.01%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on IEX shares. Oppenheimer reiterated an "outperform" rating and issued a $265.00 price target on shares of IDEX in a research note 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 report on Tuesday, August 11th. Royal Bank Of Canada upped their target price on shares of IDEX from $261.00 to $280.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Citigroup increased their target price on shares of IDEX from $252.00 to $269.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Finally, Argus lifted their price target 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. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $260.80.

Insiders Place Their Bets

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of the business's stock in a transaction on 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 of the company's stock, valued at approximately $1,032,378.93. The trade was a 8.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is currently owned by company insiders.

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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