Tidal Investments LLC Increases Stock Holdings in IDEX Corporation $IEX

Key Points

• Tidal Investments more than doubled its IDEX stake in the second quarter, increasing holdings by 104.3% to 15,272 shares valued at approximately $3.5 million. Institutional investors collectively own 97.96% of the company.
• IDEX reported better-than-expected quarterly results, with EPS of $2.32 versus the $2.11 consensus and revenue of $920.6 million, up 6.4% year over year. The company maintained fiscal 2026 EPS guidance of $8.70–$8.85.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $260.27, compared with the stock’s recent price near $222.07. IDEX also pays a quarterly dividend of $0.73, yielding about 1.3% annually.

Tidal Investments LLC boosted its stake in IDEX Corporation (NYSE:IEX - Free Report) by 104.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,272 shares of the industrial products company's stock after acquiring an additional 7,798 shares during the period. Tidal Investments LLC's holdings in IDEX were worth $3,466,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Freestone Grove Partners LP purchased a new position in shares of IDEX during the second quarter valued at about $102,523,000. Jefferies Financial Group Inc. lifted its holdings in IDEX by 586.2% in the fourth quarter. Jefferies Financial Group Inc. now owns 29,409 shares of the industrial products company's stock worth $5,233,000 after buying an additional 25,123 shares during the period. Geode Capital Management LLC lifted its holdings in IDEX by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company's stock worth $360,740,000 after buying an additional 7,844 shares during the period. Evelyn Partners Investment Management LLP boosted its position in IDEX by 9.2% during the 4th quarter. Evelyn Partners Investment Management LLP now owns 185,359 shares of the industrial products company's stock valued at $32,983,000 after acquiring an additional 15,632 shares in the last quarter. Finally, Korea Investment CORP bought a new stake in IDEX during the 2nd quarter valued at approximately $7,563,000. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Trading Down 1.0%

IDEX stock opened at $222.07 on Tuesday. IDEX Corporation has a one year low of $158.19 and a one year high of $243.80. The business's fifty day moving average is $228.53 and its 200 day moving average is $214.94. The stock has a market capitalization of $16.37 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 2.54 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15.

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, beating analysts' consensus estimates 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 analyst estimates of $905.38 million. During the same period in the previous year, the business earned $2.07 EPS. The company'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. On average, sell-side analysts predict that IDEX Corporation will post 8.83 EPS for the current year.

IDEX Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have recently commented on IEX shares. DA Davidson raised their target price on IDEX from $230.00 to $240.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Stifel Nicolaus upped their price target on IDEX from $257.00 to $268.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Weiss Ratings upgraded IDEX from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. Royal Bank Of Canada raised their price objective on IDEX from $261.00 to $280.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. Finally, Vertical Research started coverage on shares of IDEX in a research note on Tuesday, September 8th. They issued a "buy" rating and a $250.00 price target for the company. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $260.27.

Insider Transactions at IDEX

In other IDEX news, CAO Lisa Anderson sold 385 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total value of $91,857.15. Following the completion of the sale, the chief accounting officer owned 4,327 shares in the company, valued at approximately $1,032,378.93. This represents a 8.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company's stock.

About IDEX

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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