IEX
IDEX CORP /DE/Evidence as of 2026-09-03Overview · IDEX CORP /DE/
IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump mo…
Management team
- Mr. Mark Spencer · Vice President of Global CommunicationsFind on LinkedIn
- Ms. Roopa Unnikrishnan · Senior VP and Chief Strategy & Innovation OfficerFind on LinkedIn
- Ms. Melissa S. Flores · Senior VP & Chief Human Resources OfficerFind on LinkedIn
- Ms. Lisa M. Anderson · Senior VP, General Counsel & Corporate SecretaryFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.2 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
What the evidence shows
Evidence balance: Mixed ( + 0.2 of a possible + 2; confidence high ). The surviving claims establish a pattern of sequential revenue gains across the recent four comparable fiscal quarters: $ 865.4M in Q2 2025 (fiscal quarter ended 2025-07-25), $ 878.7M in Q3 2025 (fiscal quarter ended 2025-10-24), $ 886.9M in Q1 2026 (fiscal quarter ended 2026-04-24) and $ 920.6M in Q2 2026 (fiscal quarter ended 2026-07-24). Gross profit rose from $ 392.2M to $ 426.8M over that span with implied gross margins of about 45.3% then 44.5%, 44.9% and 46.4% respectively, operating income increased to $ 199.9M in Q2 2026 (fiscal quarter ended 2026-07-24), and net income and diluted EPS moved from $ 120.0M / $ 1.61 in Q1 2026 (fiscal quarter ended 2026-04-24) to $ 143.4M / $ 1.93 in Q2 2026 (fiscal quarter ended 2026-07-24). The firm’s diluted share count has trended down to 74.2M in Q2 2026 and the balance sheet shows cash of $ 621.3M and long-term debt of $ 1,866.9M as of 2026-06-30. Valuation metrics in the evidence show price / FCF TTM of 38.29, EV / EBITDA TTM of 20.12 and a P / E TTM of 32.18, with a model-implied FCF growth justification of 0.2561.
What the debate changed
The desk’s debate left nearly all raised points intact; nothing material was dropped or weakened to change the high-level read. One claim was marked weakened — the gross profit / margin sequence — but the sequence itself still survives and the margin calculations above reflect the slightly softened wording the analysts agreed to. Coverage and filings evidence remains narrowly focused on a Form 4 and second-quarter earnings/orders/ownership reporting, and the makeup of surviving claims means the original characterization of sequential revenue, improving operating income, share-reduction activity and elevated valuation multiples held through the discussion.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Reported quarterly revenues rose each quarter across the recent four comparable fiscal quarters: $865.4M in Q2 2025 (2025-04-01 to 2025-06-30), $878.7M in Q3 2025 (2025-07-01 to 2025-09-30), $886.9M in fiscal Q1 2026 (2026-01-01 to 2026-03-31) and $920.6M in fiscal Q2 2026 (2026-04-01 to 2026-06-30).
XBRL companyfacts · 0000832101-26-000022Gross profit and gross margin expanded in the same sequence: gross profit $392.2M (Q2 2025), $390.6M (Q3 2025), $398.1M (fiscal Q1 2026) and $426.8M (fiscal Q2 2026); implied gross margins were ~45.3% (392.2/865.4) in Q2 2025, ~44.5% (390.6/878.7) in Q3 2025, ~44.9% (398.1/886.9) in fiscal Q1 2026 and ~46.4% (426.8/920.6) in fiscal Q2 2026.
XBRL companyfacts · 0000832101-26-000022weakened in debateReads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
A Form 4 insider transaction filing for IDEX CORP /DE/ was submitted with the 4 filed 1 September 2026 and filed on 2026-09-01.
4 filed 2026-09-01The filing record's parse_status is listed as "pending" in the provided evidence.
4 filed 2026-09-01Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02, the iShares Core S&P 500 ETF (IVV) held IEX at a weight of 0.03% of the fund.
ETF constituents · market dataA Form 4 filing for IEX with the 4 filed 1 September 2026 was filed on 2026-09-01; the filing record shows parse_status as "pending" and no primary document URL in the provided evidence.
Form 4 × 1 (90d window not enforced here)Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Coverage includes reporting that IDEX reported a strong second quarter with record orders above $1 billion and that the company beat estimates, as described in an August 30, 2026 article.
News · simplywall.st · 2026-08-30Several pieces of coverage focus on ownership changes and filings: Rakuten Investment Management reported a new position of about $2.74 million in the second quarter (article dated August 31, 2026), and two separate outlets reported other institutional purchases disclosed in second-quarter 13F filings.
News · thelincolnianonline.com · 2026-08-31Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
A Form 4-style transaction dated 2026-08-29 lists Allison S Lausas (VP, Chief Accounting Officer) for 645 shares with a reported value of "$149k" and an action coded "code F".
Form 4 · Lausas Allison S (VP, Chief Accounting Officer) · $149k code F · 2026-08-29The filing's trading_plan field is null, indicating the document does not identify a 10b5-1 plan for this transaction (this is the issuer-provided field, not an inferred footnote flag).
Form 4 · Lausas Allison S (VP, Chief Accounting Officer) · $149k code F · 2026-08-29Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model-implied free cash flow (FCF) growth rate that today's price would justify is 25.61% (0.2561).
Valuation inputs · SEC XBRL + stored EOD closePrice-to-FCF (price / FCF TTM) is 38.29, which implies the market is paying a high multiple of trailing free cash flow.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
The compiled evidence shows sequential top-line growth, expanding gross profit and margin, rising operating income, and improving net income and EPS across the most recent comparable quarters, accompanied by share-count reduction through repurchases and reports of record orders above $1 billion — collectively these items form a coherent operational bull case based on reported results and demand signals. Institutional purchases disclosed in 13F coverage add corroborating ownership interest from outside investors. The strongest counterpoints in the dataset are valuation multiples and the model-implied FCF growth rate required by the current price, which reflect market pricing rather than the company’s reported operating performance and therefore merit caution when weighing relative valuation. Limited filing content (only a single Form 4 with parse status pending) and an isolated insider sale for tax withholding reduce the depth of disclosure in this evidence bundle but do not contradict the quarter-to-quarter profitability and revenue improvements presented.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.34
26 surviving claims rest on 12 distinct sources; the heaviest analyst carries 23% of them, and 98% of what the desk raised survived the debate.
The read rests on a moderate number of distinct sources with most claims surviving the desk debate, which supports internal consistency. However, nearly a quarter of the surviving-claim weight coming from the single heaviest analyst and the relatively small source base means this read is somewhat sensitive to that analyst's inputs and to any missing filings — treat the signals as informational rather than definitive.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
11 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.8 to the score
1 document
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.0 to the score
2 holdings records
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.0 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 filing
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot+0.0 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on IEX Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.