IDEX Corporation $IEX Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its position in shares of IDEX Corporation (NYSE:IEX) by 16.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,482 shares of the industrial products company’s stock after selling 2,064 shares during the period. HighTower Advisors LLC’s holdings in IDEX were worth $1,897,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IEX. Flossbach Von Storch SE acquired a new stake in shares of IDEX during the first quarter worth about $49,815,000. Impax Asset Management Group plc increased its position in IDEX by 11.5% in the 1st quarter. Impax Asset Management Group plc now owns 2,006,724 shares of the industrial products company’s stock valued at $363,157,000 after acquiring an additional 207,172 shares during the period. Invesco Ltd. increased its position in IDEX by 15.4% in the 1st quarter. Invesco Ltd. now owns 1,545,463 shares of the industrial products company’s stock valued at $279,682,000 after acquiring an additional 206,633 shares during the period. GAMMA Investing LLC increased its position in IDEX by 26,868.7% in the 1st quarter. GAMMA Investing LLC now owns 165,588 shares of the industrial products company’s stock valued at $299,660,000 after acquiring an additional 164,974 shares during the period. Finally, Nuveen LLC acquired a new position in IDEX in the 1st quarter valued at about $27,794,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on IEX. Robert W. Baird set a $215.00 price target on IDEX in a research report on Friday, May 2nd. Oppenheimer dropped their price target on IDEX from $224.00 to $212.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Citigroup boosted their price target on IDEX from $208.00 to $216.00 and gave the company a “buy” rating in a research report on Monday, July 14th. DA Davidson set a $180.00 price target on IDEX and gave the company a “neutral” rating in a research report on Monday, August 4th. Finally, Mizuho set a $185.00 price target on IDEX in a research report on Friday, May 16th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.71.

IDEX Price Performance

Shares of IEX opened at $168.45 on Friday. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $238.22. The stock’s 50 day moving average is $173.92 and its two-hundred day moving average is $179.21. The firm has a market capitalization of $12.68 billion, a PE ratio of 27.21, a P/E/G ratio of 1.78 and a beta of 1.04. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.46.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.07. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The company had revenue of $865.40 million for the quarter, compared to analyst estimates of $858.59 million. During the same quarter in the previous year, the company earned $2.06 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. Research analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current year.

IDEX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a dividend of $0.71 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $2.84 annualized dividend and a dividend yield of 1.7%. IDEX’s payout ratio is 45.88%.

Insider Activity at IDEX

In other news, CFO Akhil Mahendra sold 250 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $180.89, for a total transaction of $45,222.50. Following the sale, the chief financial officer owned 5,035 shares of the company’s stock, valued at $910,781.15. The trade was a 4.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

About IDEX

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 modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.