Nuance Investments LLC Buys Shares of 7,459 IDEX Corporation $IEX

Nuance Investments LLC bought a new position in IDEX Corporation (NYSE:IEX) during the second quarter, Holdings Channel.com reports. The institutional investor bought 7,459 shares of the industrial products company’s stock, valued at approximately $1,693,000.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in IDEX in the 2nd quarter worth $1,301,393,000. Primecap Management Co. CA increased its stake in shares of IDEX by 86.5% during the fourth quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock valued at $574,174,000 after purchasing an additional 1,496,207 shares in the last quarter. Dodge & Cox raised its position in shares of IDEX by 266.7% in the 4th 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 during the last quarter. Norges Bank bought a new stake in shares of IDEX during the fourth quarter valued at approximately $162,788,000. Finally, Millennium Management LLC raised its position in IDEX by 293.6% in the 4th quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company’s stock worth $189,286,000 after buying an additional 793,530 shares during the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at IDEX

In related news, CAO Lisa M. Anderson sold 385 shares of IDEX 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 completion of the transaction, the chief accounting officer owned 4,327 shares in the company, valued at $1,032,378.93. The trade was a 8.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by company insiders.

IDEX Stock Up 0.6%

IEX stock opened at $240.42 on Tuesday. IDEX Corporation has a 12 month low of $158.19 and a 12 month high of $243.80. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. The company has a market capitalization of $17.72 billion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 2.25 and a beta of 0.98. The firm’s fifty day simple moving average is $226.58 and its 200-day simple moving average is $211.95.

IDEX (NYSE:IEX) last released its quarterly earnings data 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. The business had revenue of $920.60 million during 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%.The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business 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, equities research analysts forecast that IDEX Corporation will post 8.84 earnings per share for the current year.

IDEX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, July 6th. IDEX’s dividend payout ratio (DPR) is currently 42.01%.

Wall Street Analyst Weigh In

IEX has been the subject of several research reports. Robert W. Baird set a $257.00 price target on shares of IDEX in a research report on Thursday, April 30th. Citigroup boosted their price target on shares of IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research report on Thursday, July 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. Oppenheimer restated an “outperform” rating and issued a $265.00 target price on shares of IDEX in a research note on Thursday, July 30th. Finally, Argus increased their price objective on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $260.80.

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.