Oxbow Advisors LLC Acquires Shares of 16,911 IDEX Corporation $IEX

Oxbow Advisors LLC acquired a new position in IDEX Corporation (NYSE:IEX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,911 shares of the industrial products company’s stock, valued at approximately $3,838,000.

Other hedge funds have also modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new position in shares of IDEX in the 4th quarter valued at about $27,000. Optiver Holding B.V. acquired a new stake in IDEX in the first quarter valued at approximately $27,000. SJS Investment Consulting Inc. increased its position in shares of IDEX by 104.1% in the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock valued at $28,000 after buying an additional 76 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of IDEX during the 2nd quarter worth approximately $35,000. Finally, Root Financial Partners LLC lifted its position in shares of IDEX by 57.6% during the 1st quarter. Root Financial Partners LLC now owns 208 shares of the industrial products company’s stock valued at $39,000 after buying an additional 76 shares in the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on IEX shares. Weiss Ratings upgraded shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Argus lifted their target price on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. DA Davidson boosted their target price on shares of IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Mizuho raised shares of IDEX from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $210.00 to $280.00 in a research note on Tuesday, August 11th. Finally, TD Cowen upped their price target on shares of IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $260.80.

IDEX Price Performance

Shares of IEX stock opened at $234.29 on Wednesday. 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 $17.27 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 2.25 and a beta of 0.98. The firm’s 50-day moving average is $226.83 and its two-hundred day moving average is $212.22. IDEX Corporation has a 12 month low of $158.19 and a 12 month high of $243.80.

IDEX (NYSE:IEX) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.21. The business had revenue of $920.60 million during 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 business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior 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. Analysts predict that IDEX Corporation will post 8.84 earnings per share for the current year.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were given a $0.73 dividend. 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 is presently 42.01%.

Insiders Place Their Bets

In other IDEX news, CAO Lisa M. Anderson sold 385 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer owned 4,327 shares of the company’s stock, valued at $1,032,378.93. This trade represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.50% of the company’s stock.

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.