5,636 Shares in IDEX Corporation $IEX Purchased by Groupama Asset Managment

Key Points

• Groupama Asset Management has acquired 5,636 shares of IDEX Corporation, valued at approximately $1,020,000, during the first quarter, indicating strong institutional interest in the stock.
• Recent analyst reports have adjusted target prices for IDEX shares, with Stifel Nicolaus lowering their target from $238.00 to $204.00, while Citigroup increased it from $208.00 to $216.00, showcasing mixed sentiments among analysts.
• IDEX Corporation reported a 7.2% year-over-year revenue increase in its latest quarterly results, with earnings per share of $2.07, exceeding consensus estimates, and announced a quarterly dividend of $0.71.

Groupama Asset Managment purchased a new position in IDEX Corporation (NYSE:IEX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,636 shares of the industrial products company's stock, valued at approximately $1,020,000.

Several other institutional investors have also modified their holdings of the business. MassMutual Private Wealth & Trust FSB grew its stake in shares of IDEX by 81.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock worth $26,000 after purchasing an additional 64 shares in the last quarter. Banque de Luxembourg S.A. acquired a new position in shares of IDEX during the fourth quarter worth $27,000. UMB Bank n.a. grew its stake in shares of IDEX by 63.5% during the first quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock worth $41,000 after purchasing an additional 87 shares in the last quarter. Quarry LP acquired a new position in shares of IDEX during the fourth quarter worth $49,000. Finally, Federated Hermes Inc. grew its stake in shares of IDEX by 42.9% during the first quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company's stock worth $60,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

Insider Activity at IDEX

In other news, CFO Akhil Mahendra sold 250 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $180.89, for a total value of $45,222.50. Following the completion of the sale, the chief financial officer directly owned 5,035 shares of the company's stock, valued at approximately $910,781.15. This represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

IDEX Stock Performance

IEX traded up $6.07 on Friday, reaching $168.45. The company had a trading volume of 1,228,877 shares, compared to its average volume of 887,569. The stock has a 50-day moving average price of $173.92 and a 200-day moving average price of $179.21. IDEX Corporation has a 1 year low of $153.36 and a 1 year 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 stock has a market capitalization of $12.68 billion, a PE ratio of 27.21, a P/E/G ratio of 1.78 and a beta of 1.04.

IDEX (NYSE:IEX - Get Free Report) last announced its earnings results 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. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The business had revenue of $865.40 million during the quarter, compared to analysts' expectations of $858.59 million. During the same period in the prior year, the company earned $2.06 earnings per share. The business's 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. As a group, research analysts forecast that IDEX Corporation will post 8.26 EPS for the current fiscal year.

IDEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, July 11th. IDEX's dividend payout ratio is presently 45.88%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Stifel Nicolaus lowered their target price 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. Citigroup boosted their target price 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 target on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Royal Bank Of Canada reduced their price target on shares of IDEX from $207.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Finally, Mizuho set a $185.00 price target on shares of IDEX in a research report on Friday, May 16th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus 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.