26,726 Shares in IDEX Corporation $IEX Acquired by Heartland Advisors Inc.

Heartland Advisors Inc. acquired a new stake in IDEX Corporation (NYSE:IEX) in the second quarter, according to its most recent filing with the SEC. The fund acquired 26,726 shares of the industrial products company’s stock, valued at approximately $6,065,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IEX. Empowered Funds LLC grew its position in shares of IDEX by 3.4% in the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after purchasing an additional 54 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in IDEX by 4.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 56 shares in the last quarter. Evolve Private Wealth LLC grew its holdings in 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 buying an additional 58 shares in the last quarter. Sanctuary Advisors LLC increased its position 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 valued at $463,000 after buying an additional 62 shares during the period. Finally, Mackenzie Financial Corp increased its position 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 valued at $458,000 after buying an additional 70 shares during the period. Institutional investors own 97.96% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Lisa M. Anderson sold 385 shares of the business’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 value of $91,857.15. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IEX. Stifel Nicolaus raised their price objective on shares of IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Citigroup increased their target price on shares of IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Royal Bank Of Canada upped their price target on shares of IDEX from $261.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. TD Cowen lifted their price objective on IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Seaport Research Partners restated a “buy” rating and issued a $250.00 target price on shares of IDEX in a research note on Tuesday, May 5th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, IDEX has an average rating of “Moderate Buy” and a consensus price target 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

IDEX Stock Performance

IDEX stock opened at $234.57 on Friday. IDEX Corporation has a fifty-two week low of $158.19 and a fifty-two week high of $243.80. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05. The stock has a market cap of $17.29 billion, a P/E ratio of 33.75, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. The firm’s fifty day moving average price is $227.88 and its 200-day moving average price is $212.87.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The business had revenue of $920.60 million for the quarter, compared to analysts’ expectations of $905.38 million. During the same quarter in the prior year, the firm earned $2.07 earnings per share. The firm’s revenue was up 6.4% on a year-over-year basis. 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, equities research analysts expect that IDEX Corporation will post 8.82 earnings per share for the current fiscal year.

IDEX Announces Dividend

The company also recently disclosed 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 dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, July 6th. IDEX’s dividend payout ratio (DPR) is currently 42.01%.

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.