1,173 Shares in IDEX Corporation $IEX Acquired by HB Wealth Management LLC

HB Wealth Management LLC bought a new position in shares of IDEX Corporation (NYSE:IEX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,173 shares of the industrial products company’s stock, valued at approximately $206,000.

A number of other hedge funds have also recently bought and sold shares of IEX. V Square Quantitative Management LLC boosted its holdings in shares of IDEX by 7.9% in the 2nd quarter. V Square Quantitative Management LLC now owns 2,553 shares of the industrial products company’s stock valued at $448,000 after purchasing an additional 186 shares during the last quarter. Camelot Portfolios LLC boosted its holdings in shares of IDEX by 11.0% in the 2nd quarter. Camelot Portfolios LLC now owns 2,849 shares of the industrial products company’s stock valued at $500,000 after purchasing an additional 283 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of IDEX by 111.7% in the 2nd quarter. Signaturefd LLC now owns 1,213 shares of the industrial products company’s stock valued at $213,000 after purchasing an additional 640 shares during the last quarter. Patton Fund Management Inc. acquired a new position in shares of IDEX in the 2nd quarter valued at $224,000. Finally, American National Bank & Trust acquired a new position in shares of IDEX in the 2nd quarter valued at $25,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on IEX. 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of IDEX in a report on Saturday, September 27th. Royal Bank Of Canada decreased 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. Citigroup lifted 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. Finally, Oppenheimer set a $210.00 price target on shares of IDEX in a report on Tuesday. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $201.43.

IDEX Stock Performance

IDEX stock opened at $165.77 on Wednesday. IDEX Corporation has a 12-month low of $153.36 and a 12-month high of $238.22. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 1.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.13. The firm’s fifty day moving average price is $162.99 and its 200 day moving average price is $173.12.

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, topping the consensus estimate of $2.00 by $0.07. The company had revenue of $865.40 million during the quarter, compared to analyst estimates of $858.59 million. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period last year, the business 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. On average, research analysts forecast that IDEX Corporation will post 8.26 EPS for the current fiscal year.

IDEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be issued a dividend of $0.71 per share. 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 (DPR) is currently 45.88%.

IDEX declared that its Board of Directors has authorized a stock 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 purchase up to 8.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

About IDEX

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.