Royal Bank of Canada Decreases Position in IDEX Corporation $IEX

Key Points

• Royal Bank of Canada cut its IDEX stake by 6.9% in the first quarter, selling 6,645 shares and retaining 89,664 shares valued at approximately $17 million. Institutional investors collectively own 97.96% of IDEX.
• IDEX reported stronger-than-expected quarterly results, with earnings per share of $2.32 versus the $2.11 consensus estimate and revenue of $920.6 million, up 6.4% year over year. The company maintained fiscal 2026 guidance of $8.70–$8.85 in EPS.
• Analyst sentiment remains positive, with seven Buy ratings and two Holds, an overall “Moderate Buy” consensus, and an average price target of $258.67 compared with the reported share price of $233.79.

Royal Bank of Canada reduced its stake in IDEX Corporation (NYSE:IEX - Free Report) by 6.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,664 shares of the industrial products company's stock after selling 6,645 shares during the period. Royal Bank of Canada owned 0.12% of IDEX worth $16,995,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in shares of IDEX by 95.7% in the 1st quarter. Empowered Funds LLC now owns 8,418 shares of the industrial products company's stock valued at $1,596,000 after buying an additional 4,116 shares in the last quarter. Evelyn Partners Investment Management LLP raised its stake in IDEX by 10.8% during the 1st quarter. Evelyn Partners Investment Management LLP now owns 205,291 shares of the industrial products company's stock worth $38,913,000 after acquiring an additional 19,932 shares in the last quarter. Quantinno Capital Management LP lifted its position in IDEX by 281.4% in the first quarter. Quantinno Capital Management LP now owns 114,480 shares of the industrial products company's stock valued at $21,700,000 after acquiring an additional 84,465 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in IDEX in the first quarter valued at $2,047,000. Finally, SummitTX Capital L.P. boosted its stake in IDEX by 15.6% in the first quarter. SummitTX Capital L.P. now owns 20,197 shares of the industrial products company's stock valued at $3,828,000 after acquiring an additional 2,732 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

IDEX Trading Down 1.3%

NYSE IEX opened at $233.79 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. The firm has a market cap of $17.24 billion, a PE ratio of 33.64, a P/E/G ratio of 2.23 and a beta of 0.98. IDEX Corporation has a one year low of $157.25 and a one year high of $243.80. The firm's fifty day moving average is $223.24 and its two-hundred day moving average is $209.91.

IDEX (NYSE:IEX - Get Free Report) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share 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 during the quarter, compared to the consensus estimate of $905.38 million. During the same quarter in the prior year, the firm earned $2.07 earnings per share. The business's quarterly revenue was up 6.4% compared to the same quarter last year. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Analysts expect that IDEX Corporation will post 8.85 earnings per share for the current year.

IDEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, July 6th. IDEX's dividend payout ratio (DPR) is presently 42.01%.

Insider Buying and Selling at IDEX

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $215.22, for a total value of $3,311,159.70. Following the transaction, the chief executive officer directly owned 66,658 shares in the company, valued at approximately $14,346,134.76. This trade represents a 18.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.50% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on IEX shares. Stifel Nicolaus raised their price objective on IDEX from $257.00 to $268.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Citigroup upped their target price on IDEX from $252.00 to $269.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Robert W. Baird set a $257.00 price target on IDEX in a research note on Thursday, April 30th. Weiss Ratings raised IDEX from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Finally, Argus boosted their price objective on IDEX from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Thursday. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, IDEX presently has an average rating of "Moderate Buy" and an average target price of $258.67.

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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