IDEX Corporation $IEX Position Boosted by Signaturefd LLC

Signaturefd LLC grew its holdings in shares of IDEX Corporation (NYSE:IEX) by 111.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,213 shares of the industrial products company’s stock after purchasing an additional 640 shares during the period. Signaturefd LLC’s holdings in IDEX were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Horizon Investments LLC lifted its position in shares of IDEX by 5.2% in the first quarter. Horizon Investments LLC now owns 1,087 shares of the industrial products company’s stock worth $197,000 after purchasing an additional 54 shares in the last quarter. Empowered Funds LLC lifted its position in shares of IDEX by 3.4% in the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 54 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of IDEX by 1.0% in the first quarter. Alps Advisors Inc. now owns 5,990 shares of the industrial products company’s stock worth $1,084,000 after purchasing an additional 60 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of IDEX by 1.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,925 shares of the industrial products company’s stock worth $1,031,000 after purchasing an additional 61 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of IDEX by 0.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 8,332 shares of the industrial products company’s stock worth $1,508,000 after purchasing an additional 61 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Stock Up 0.7%

IEX stock opened at $165.21 on Friday. The stock has a market capitalization of $12.44 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The company has a 50-day moving average of $164.09 and a two-hundred day moving average of $173.55. IDEX Corporation has a 52-week low of $153.36 and a 52-week high of $238.22. 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 (NYSE:IEX) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.07. The business had revenue of $865.40 million during the quarter, compared to analysts’ expectations of $858.59 million. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous 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. As a group, equities research analysts anticipate that IDEX Corporation will post 8.26 EPS for the current year.

IDEX announced that its Board of Directors has authorized a share repurchase plan on Thursday, September 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to purchase up to 8.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

IDEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $2.84 dividend on an annualized basis and a yield of 1.7%. IDEX’s payout ratio is 45.88%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on IEX shares. Citigroup increased their price target on shares of IDEX from $208.00 to $216.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. DA Davidson set a $180.00 price objective on shares of IDEX and gave the company a “neutral” rating in a research report on Monday, August 4th. Oppenheimer cut their price objective on shares of IDEX from $224.00 to $212.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Royal Bank Of Canada cut their price objective on shares of IDEX from $207.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Finally, Stifel Nicolaus cut their price objective on shares of IDEX from $238.00 to $204.00 and set a “buy” 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.