American Century Companies Inc. Has $1.52 Million Position in IDEX Corporation $IEX

American Century Companies Inc. cut its holdings in IDEX Corporation (NYSE:IEX) by 12.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,421 shares of the industrial products company’s stock after selling 1,234 shares during the quarter. American Century Companies Inc.’s holdings in IDEX were worth $1,524,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Flossbach Von Storch SE acquired a new stake in shares of IDEX in the 1st quarter valued at $49,815,000. Impax Asset Management Group plc lifted its position in shares of IDEX by 11.5% in the first quarter. Impax Asset Management Group plc now owns 2,006,724 shares of the industrial products company’s stock worth $363,157,000 after buying an additional 207,172 shares during the last quarter. Invesco Ltd. boosted its stake in shares of IDEX by 15.4% during the 1st quarter. Invesco Ltd. now owns 1,545,463 shares of the industrial products company’s stock worth $279,682,000 after acquiring an additional 206,633 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of IDEX by 26,868.7% during 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 last quarter. Finally, Nuveen LLC bought a new position in shares of IDEX in the 1st quarter valued at approximately $27,794,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analyst Upgrades and Downgrades

IEX has been the subject of a number of recent analyst reports. DA Davidson set a $180.00 target price on IDEX and gave the stock a “neutral” rating in a research report on Monday, August 4th. Citigroup boosted their price objective on shares of IDEX from $208.00 to $216.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Mizuho set a $185.00 target price on shares of IDEX in a research note on Friday, May 16th. Stifel Nicolaus cut their target price on shares of IDEX from $238.00 to $204.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada lowered their price target on IDEX from $207.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $201.71.

IDEX Price Performance

Shares of IDEX stock opened at $162.10 on Wednesday. The firm has a market cap of $12.20 billion, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. The firm’s 50-day simple moving average is $172.47 and its 200-day simple moving average is $177.73. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $238.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.13 and a current ratio of 3.05.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.07. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The firm had revenue of $865.40 million during the quarter, compared to analysts’ expectations of $858.59 million. During the same quarter last year, the company earned $2.06 earnings per share. The company’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. As a group, research analysts expect that IDEX Corporation will post 8.26 EPS for the current fiscal year.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, July 11th. IDEX’s dividend payout ratio is 45.88%.

Insider Transactions at IDEX

In other IDEX news, CFO Akhil Mahendra sold 250 shares of IDEX stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 5,035 shares of the company’s stock, valued at approximately $910,781.15. This trade represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by corporate insiders.

IDEX Company Profile

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.