Insider Selling: IDEX (NYSE:IEX) CAO Sells $91,857.15 in Stock

Key Points

• IDEX Chief Accounting Officer Lisa Anderson sold 385 shares for approximately $91,857 at an average price of $238.59, reducing her holdings by 8.17% to 4,327 shares.
• IDEX shares recently traded near $239.25, while the company reported quarterly EPS of $2.32 and revenue of $920.6 million, exceeding analyst estimates; revenue increased 6.4% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $260.80. IDEX also pays a quarterly dividend of $0.73 per share, yielding about 1.2%.

IDEX Corporation (NYSE:IEX - Get Free Report) CAO Lisa Anderson sold 385 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total value of $91,857.15. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through this link.

IDEX Stock Down 0.5%

Shares of IEX stock traded down $1.27 during trading hours on Thursday, reaching $239.25. The company had a trading volume of 491,936 shares, compared to its average volume of 768,454. 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 twelve month low of $158.19 and a twelve month high of $243.80. The company has a market capitalization of $17.64 billion, a P/E ratio of 34.42, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98. The stock's fifty day simple moving average is $225.22 and its 200 day simple moving average is $211.02.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly 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 firm had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.IDEX's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.07 EPS. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. As a group, sell-side analysts expect that IDEX Corporation will post 8.84 earnings per share for the current fiscal year.

IDEX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders 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 dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, July 6th. IDEX's payout ratio is presently 42.01%.

Institutional Trading of IDEX

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of IDEX in the 2nd quarter valued at about $1,301,393,000. Primecap Management Co. CA grew its stake in IDEX by 86.5% in the fourth quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company's stock worth $574,174,000 after purchasing an additional 1,496,207 shares in the last quarter. Dodge & Cox grew its stake in IDEX by 266.7% in the fourth quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company's stock worth $224,658,000 after purchasing an additional 918,208 shares in the last quarter. Norges Bank bought a new stake in IDEX in the fourth quarter valued at about $162,788,000. Finally, Millennium Management LLC raised its stake in IDEX by 293.6% during the fourth quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company's stock valued at $189,286,000 after buying an additional 793,530 shares in the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of IDEX from $261.00 to $280.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. Seaport Research Partners restated a "buy" rating and set a $250.00 target price on shares of IDEX in a research note on Tuesday, May 5th. Mizuho raised IDEX from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $210.00 to $280.00 in a research report on Tuesday. Argus boosted their price target on IDEX from $250.00 to $260.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Finally, TD Cowen increased their price target on IDEX from $260.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $260.80.

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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