SummitTX Capital L.P. Raises Stock Position in IDEX Corporation $IEX

SummitTX Capital L.P. grew its position in IDEX Corporation (NYSE:IEX) by 15.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,197 shares of the industrial products company’s stock after buying an additional 2,732 shares during the period. SummitTX Capital L.P.’s holdings in IDEX were worth $3,828,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IEX. Quadcap Wealth Management LLC acquired a new position in IDEX in the first quarter valued at approximately $233,000. OMERS ADMINISTRATION Corp raised its position in IDEX by 227.4% in the first quarter. OMERS ADMINISTRATION Corp now owns 8,867 shares of the industrial products company’s stock valued at $1,681,000 after purchasing an additional 6,159 shares during the period. Waverly Advisors LLC lifted its stake in shares of IDEX by 6.2% in the 1st quarter. Waverly Advisors LLC now owns 4,994 shares of the industrial products company’s stock valued at $947,000 after purchasing an additional 290 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of IDEX by 1,242.2% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,701 shares of the industrial products company’s stock worth $7,525,000 after purchasing an additional 36,743 shares during the period. Finally, Dai ichi Life Insurance Company Ltd increased its position in shares of IDEX by 12.0% during the 1st quarter. Dai ichi Life Insurance Company Ltd now owns 3,652 shares of the industrial products company’s stock worth $692,000 after purchasing an additional 390 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Insider Transactions at IDEX

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the sale, the chief executive officer directly owned 66,658 shares in the company, valued at $14,346,134.76. This represents a 18.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by company insiders.

IDEX Price Performance

IEX opened at $223.47 on Tuesday. The stock’s 50-day moving average price is $219.44 and its 200 day moving average price is $207.42. IDEX Corporation has a 12-month low of $157.25 and a 12-month high of $231.70. The firm has a market cap of $16.54 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 2.19 and a beta of 0.98. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.22. The company had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.IDEX’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.75 EPS. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. As a group, sell-side analysts expect that IDEX Corporation will post 8.48 earnings per share for the current year.

IDEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, July 6th. IDEX’s dividend payout ratio is presently 43.20%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on IEX shares. Royal Bank Of Canada boosted their price objective on shares of IDEX from $252.00 to $261.00 and gave the company an “outperform” rating in a report on Thursday, July 16th. Oppenheimer lifted their price target on shares of IDEX from $250.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Robert W. Baird set a $257.00 price target on shares of IDEX in a research note on Thursday, April 30th. Stifel Nicolaus upped their price objective on shares of IDEX from $250.00 to $257.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Finally, Citigroup increased their price objective on shares of IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, IDEX has an average rating of “Moderate Buy” and an average target price of $244.00.

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.