iSAM Funds UK Ltd Sells 6,123 Shares of IDEX Corporation $IEX

Key Points

• iSAM Funds UK Ltd cut its IDEX stake by 84.8% in the second quarter, selling 6,123 shares and retaining 1,100 shares valued at approximately $250,000. Institutional investors collectively own 97.96% of IDEX.
• IDEX reported stronger-than-expected quarterly results, with earnings of $2.32 per share versus the $2.11 consensus estimate and revenue of $920.6 million. Revenue increased 6.4% year over year, and the company maintained fiscal 2026 EPS guidance of $8.70–$8.85.
• Analysts remain bullish, with a consensus “Moderate Buy” rating and an average price target of $260.80, above the stock’s reported $223.17 price. IDEX also pays a quarterly dividend of $0.73, equivalent to a 1.3% annualized yield.

iSAM Funds UK Ltd reduced its stake in shares of IDEX Corporation (NYSE:IEX - Free Report) by 84.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,100 shares of the industrial products company's stock after selling 6,123 shares during the period. iSAM Funds UK Ltd's holdings in IDEX were worth $250,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Empowered Funds LLC lifted its stake in IDEX by 3.4% in the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company's stock valued at $298,000 after purchasing an additional 54 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of IDEX by 4.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company's stock valued at $274,000 after buying an additional 56 shares during the last quarter. Evolve Private Wealth LLC grew its stake in shares of IDEX by 2.8% during the 1st quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company's stock worth $403,000 after acquiring an additional 58 shares during the period. Sanctuary Advisors LLC grew its stake in shares of IDEX by 2.6% during the 1st quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company's stock worth $463,000 after acquiring an additional 62 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in IDEX by 2.8% in the 4th quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company's stock worth $458,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

IDEX Trading Down 0.6%

IDEX stock opened at $223.17 on Friday. 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 Corporation has a fifty-two week low of $158.19 and a fifty-two week high of $243.80. The stock has a market cap of $16.45 billion, a P/E ratio of 32.11, a PEG ratio of 2.55 and a beta of 0.98. The firm's fifty day moving average price is $228.78 and its 200-day moving average price is $214.19.

IDEX (NYSE:IEX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.11 by $0.21. The business had revenue of $920.60 million during the quarter, compared to analysts' expectations of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The firm's revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $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. Equities research analysts forecast that IDEX Corporation will post 8.82 earnings per share for the current fiscal year.

IDEX Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup upped their price objective on shares of IDEX from $252.00 to $269.00 and gave the company a "buy" rating in a report on Thursday, July 30th. TD Cowen lifted their target price on shares of IDEX from $260.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Oppenheimer reissued an "outperform" rating and issued a $265.00 price target on shares of IDEX in a research report on Thursday, July 30th. Mizuho upgraded shares of IDEX from a "neutral" rating to an "outperform" rating and upped their price target for the company from $210.00 to $280.00 in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada raised 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, IDEX currently has a consensus rating of "Moderate Buy" and a consensus target price of $260.80.

Insiders Place Their Bets

In related news, CAO Lisa Anderson sold 385 shares of the firm's stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 4,327 shares of the company's stock, valued at $1,032,378.93. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.50% of the stock is owned by corporate insiders.

IDEX 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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