Nisa Investment Advisors LLC Reduces Holdings in IDEX Corporation $IEX

Nisa Investment Advisors LLC decreased its position in shares of IDEX Corporation (NYSE:IEX) by 17.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,562 shares of the industrial products company’s stock after selling 6,248 shares during the period. Nisa Investment Advisors LLC’s holdings in IDEX were worth $4,649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC grew its holdings in IDEX by 3.4% during the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after purchasing an additional 54 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of IDEX by 2.0% during the second quarter. Cullen Frost Bankers Inc. now owns 3,112 shares of the industrial products company’s stock valued at $546,000 after buying an additional 60 shares during the period. Blue Trust Inc. boosted its position in shares of IDEX by 21.5% during the second quarter. Blue Trust Inc. now owns 446 shares of the industrial products company’s stock valued at $78,000 after buying an additional 79 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of IDEX by 257.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 143 shares of the industrial products company’s stock valued at $25,000 after buying an additional 103 shares during the last quarter. Finally, Mediolanum International Funds Ltd raised its holdings in shares of IDEX by 1.4% in the second quarter. Mediolanum International Funds Ltd now owns 8,540 shares of the industrial products company’s stock worth $1,506,000 after buying an additional 116 shares during the period. Institutional investors own 97.96% of the company’s stock.

IDEX Stock Performance

Shares of IDEX stock opened at $184.70 on Monday. The company has a current ratio of 2.93, a quick ratio of 2.06 and a debt-to-equity ratio of 0.47. The stock’s fifty day moving average price is $174.60 and its 200-day moving average price is $170.74. The firm has a market cap of $13.82 billion, a P/E ratio of 29.22, a P/E/G ratio of 1.85 and a beta of 1.00. IDEX Corporation has a 12 month low of $153.36 and a 12 month high of $226.04.

IDEX (NYSE:IEX) last released its quarterly earnings data on Friday, December 16th. The industrial products company reported $1.79 earnings per share for the quarter. IDEX had a net margin of 13.97% and a return on equity of 15.20%. The company had revenue of $712.00 million during the quarter. IDEX has set its FY 2025 guidance at 7.860-7.91 EPS. On average, equities research analysts expect that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be paid a dividend of $0.71 per share. The ex-dividend date is Friday, January 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.5%. IDEX’s dividend payout ratio (DPR) is currently 44.94%.

IDEX announced that its board has authorized a share repurchase 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 reacquire up to 8.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada dropped their price objective on IDEX from $200.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Oppenheimer set a $210.00 target price on IDEX in a research report on Tuesday, October 7th. Cowen restated a “buy” rating on shares of IDEX in a report on Wednesday, December 3rd. Stifel Nicolaus reduced their price target on shares of IDEX from $204.00 to $191.00 and set a “buy” rating on the stock in a research note on Monday, October 20th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of IDEX in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, IDEX has a consensus rating of “Moderate Buy” and an average price target of $196.86.

IDEX Company Profile

IDEX Corporation is a diversified industrial manufacturer specializing in the design, production and distribution of highly engineered fluidics systems, measurement technologies and safety solutions. The company’s core offerings include positive-displacement pumps, flow meters, valves, sampling systems and analytical instruments that serve a wide range of end markets such as water treatment, chemical processing, energy, food and beverage, and life sciences. Through its focus on precision engineering and proprietary material science, IDEX delivers products designed for reliability in demanding applications.

Operations at IDEX are organized into three principal segments.