Weitz Investment Management Inc. Makes New $57.28 Million Investment in IDEX Corporation $IEX

Key Points

• Weitz Investment Management acquired 252,400 IDEX shares worth approximately $57.28 million, making IDEX its 10th-largest holding and representing about 4% of its portfolio.
• IDEX exceeded quarterly expectations, reporting $2.32 in EPS and $920.6 million in revenue, while raising confidence in its outlook with FY2026 EPS guidance of $8.70–$8.85. Analysts maintain a “Moderate Buy” consensus and an average price target of $260.80.
• The company pays a quarterly dividend of $0.73 per share, equivalent to a $2.92 annualized payout and a 1.2% yield; shares recently traded at $234.57, near their 52-week high.

Weitz Investment Management Inc. acquired a new stake in shares of IDEX Corporation (NYSE:IEX - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund acquired 252,400 shares of the industrial products company's stock, valued at approximately $57,282,000. IDEX accounts for approximately 4.0% of Weitz Investment Management Inc.'s investment portfolio, making the stock its 10th biggest holding. Weitz Investment Management Inc. owned 0.34% of IDEX as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Empowered Funds LLC increased its stake in IDEX by 3.4% in the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company's stock worth $298,000 after acquiring an additional 54 shares during the last quarter. EverSource Wealth Advisors LLC boosted 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 acquiring an additional 56 shares during the last quarter. Evolve Private Wealth LLC boosted its position 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 valued at $403,000 after acquiring an additional 58 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of IDEX by 2.6% during the first quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company's stock worth $463,000 after purchasing an additional 62 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of IDEX by 2.8% during the fourth quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company's stock worth $458,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

IDEX Trading Up 0.4%

Shares of IEX opened at $234.57 on Friday. The stock has a market capitalization of $17.29 billion, a P/E ratio of 33.75, a PEG ratio of 2.21 and a beta of 0.98. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $227.88 and a two-hundred day simple moving average of $212.87. IDEX Corporation has a twelve month low of $158.19 and a twelve month high of $243.80.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.11 by $0.21. The firm had revenue of $920.60 million for the quarter, compared to analysts' expectations of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, research analysts anticipate that IDEX Corporation will post 8.82 EPS for the current year.

IDEX Announces Dividend

The firm 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. This represents a $2.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, July 6th. IDEX's payout ratio is currently 42.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. TD Cowen raised their price objective on IDEX from $260.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 30th. DA Davidson upped their target price on IDEX from $230.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, August 6th. Robert W. Baird set a $257.00 price target on shares of IDEX in a research report on Thursday, April 30th. Weiss Ratings raised shares of IDEX from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada boosted 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $260.80.

More IDEX News

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

Insider Buying and Selling

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

IDEX Company 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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