IDEX Corporation $IEX Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC increased its holdings in IDEX Corporation (NYSE:IEX) by 2.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 27,556 shares of the industrial products company’s stock after buying an additional 665 shares during the period. Voya Investment Management LLC’s holdings in IDEX were worth $4,987,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its stake in IDEX by 81.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 64 shares during the period. UMB Bank n.a. raised its stake in IDEX by 63.5% during the first quarter. UMB Bank n.a. now owns 224 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 87 shares during the period. SVB Wealth LLC acquired a new stake in IDEX during the first quarter worth about $56,000. Federated Hermes Inc. raised its stake in IDEX by 42.9% during the first quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company’s stock worth $60,000 after acquiring an additional 100 shares during the period. Finally, Versant Capital Management Inc increased its position in IDEX by 970.7% in the first quarter. Versant Capital Management Inc now owns 439 shares of the industrial products company’s stock worth $79,000 after buying an additional 398 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on IEX shares. Oppenheimer dropped their target price 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 increased their target price on IDEX from $208.00 to $216.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Stifel Nicolaus dropped their target price on IDEX from $238.00 to $204.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. Royal Bank Of Canada dropped their target price on IDEX from $207.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Finally, 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. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $201.71.

IDEX Trading Up 1.6%

Shares of IEX stock opened at $162.16 on Friday. The stock has a 50-day simple moving average of $168.25 and a 200 day simple moving average of $175.15. IDEX Corporation has a fifty-two week low of $153.36 and a fifty-two week high of $238.22. The stock has a market capitalization of $12.21 billion, a P/E ratio of 26.20, a P/E/G ratio of 1.68 and a beta of 1.02. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.46.

IDEX (NYSE:IEX) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.07. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The business had revenue of $865.40 million during the quarter, compared to analysts’ expectations of $858.59 million. During the same quarter last year, the business posted $2.06 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. On average, sell-side analysts expect that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.8%. IDEX’s dividend payout ratio (DPR) is 45.88%.

IDEX announced that its Board of Directors has initiated a stock repurchase program on Thursday, September 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to purchase up to 8.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

IDEX 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.