IDEX Corporation $IEX Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its position in IDEX Corporation (NYSE:IEX) by 27.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,388 shares of the industrial products company’s stock after acquiring an additional 518 shares during the period. Park Avenue Securities LLC’s holdings in IDEX were worth $419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of IDEX by 19.7% in the 1st quarter. Wellington Management Group LLP now owns 5,050,601 shares of the industrial products company’s stock valued at $914,007,000 after acquiring an additional 831,005 shares during the period. Impax Asset Management Group plc boosted its holdings in 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 valued at $363,157,000 after purchasing an additional 207,172 shares during the last quarter. Invesco Ltd. boosted its holdings in IDEX by 15.4% in the first quarter. Invesco Ltd. now owns 1,545,463 shares of the industrial products company’s stock valued at $279,682,000 after purchasing an additional 206,633 shares during the last quarter. Amundi boosted its holdings in IDEX by 23.4% in the first quarter. Amundi now owns 1,249,546 shares of the industrial products company’s stock valued at $220,849,000 after purchasing an additional 236,650 shares during the last quarter. Finally, Fenimore Asset Management Inc boosted its holdings in IDEX by 2.0% in the first quarter. Fenimore Asset Management Inc now owns 855,951 shares of the industrial products company’s stock valued at $154,901,000 after purchasing an additional 16,444 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Stock Up 0.6%

IEX opened at $162.31 on Tuesday. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $238.22. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $165.32 and a 200 day moving average price of $173.83. The company has a market cap of $12.22 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 1.70 and a beta of 1.02.

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

IDEX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be issued a dividend of $0.71 per share. The ex-dividend date is Friday, October 10th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.7%. IDEX’s dividend payout ratio (DPR) is currently 45.88%.

IDEX declared that its board has authorized a share buyback program on Thursday, September 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the industrial products company to buy up to 8.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have commented on IEX shares. Oppenheimer lowered their price target on shares of IDEX from $224.00 to $212.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Stifel Nicolaus lowered their price target on shares of IDEX from $238.00 to $204.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Citigroup upped their price target on shares of IDEX from $208.00 to $216.00 and gave the company a “buy” rating in a report on Monday, July 14th. Royal Bank Of Canada lowered their price target on shares of IDEX from $207.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Finally, DA Davidson set a $180.00 price target on shares of IDEX and gave the company a “neutral” rating in a report on Monday, August 4th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $201.71.

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.