Public Employees Retirement System of Ohio Increases Position in IDEX Corporation $IEX

Public Employees Retirement System of Ohio raised its holdings in shares of IDEX Corporation (NYSE:IEX) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,467 shares of the industrial products company’s stock after buying an additional 141 shares during the period. Public Employees Retirement System of Ohio’s holdings in IDEX were worth $4,120,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Covea Finance boosted its position in shares of IDEX by 41.1% during the second quarter. Covea Finance now owns 25,400 shares of the industrial products company’s stock valued at $4,459,000 after buying an additional 7,400 shares during the period. GAMMA Investing LLC raised its stake in shares of IDEX by 42.6% during the second quarter. GAMMA Investing LLC now owns 1,305 shares of the industrial products company’s stock valued at $229,000 after acquiring an additional 390 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of IDEX by 27.7% during the second quarter. Park Avenue Securities LLC now owns 2,388 shares of the industrial products company’s stock valued at $419,000 after acquiring an additional 518 shares in the last quarter. IFM Investors Pty Ltd raised its stake in shares of IDEX by 8.3% during the second quarter. IFM Investors Pty Ltd now owns 20,375 shares of the industrial products company’s stock valued at $3,577,000 after acquiring an additional 1,557 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of IDEX by 23.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,341 shares of the industrial products company’s stock valued at $1,149,000 after acquiring an additional 1,202 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

Shares of IEX opened at $162.60 on Wednesday. The firm has a market capitalization of $12.24 billion, a PE ratio of 26.27, a price-to-earnings-growth ratio of 1.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.13. IDEX Corporation has a 1-year low of $153.36 and a 1-year high of $238.22. The company’s fifty day moving average price is $164.88 and its 200-day moving average price is $173.75.

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 net margin of 14.05% and a return on equity of 15.16%. The firm had revenue of $865.40 million for the quarter, compared to analyst estimates of $858.59 million. During the same period in the previous year, the company earned $2.06 earnings per share. The business’s quarterly revenue 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. On average, equities research analysts predict that IDEX Corporation will post 8.26 EPS for the current year.

IDEX announced that its board has approved a stock repurchase plan on Thursday, September 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 8.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. IDEX’s dividend payout ratio is presently 45.88%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on IEX. 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. Oppenheimer reduced their price objective on shares of IDEX from $224.00 to $212.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Stifel Nicolaus reduced their price objective on shares of IDEX from $238.00 to $204.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Royal Bank Of Canada reduced their price objective on shares of IDEX from $207.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Finally, DA Davidson set a $180.00 price objective on shares of IDEX and gave the stock a “neutral” rating in a research note on Monday, August 4th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, IDEX presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.71.

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.