Alliancebernstein L.P. Reduces Holdings in IDEX Corporation $IEX

Key Points

• Alliancebernstein L.P. has reduced its stake in IDEX Corporation by 2.8%, now owning around 0.12% of the company valued at approximately $16.4 million.
• IDEX Corporation reported $2.07 earnings per share for the last quarter, exceeding estimates, with a 7.2% year-over-year revenue increase totaling $865.4 million.
• The company recently announced a quarterly dividend of $0.71 per share, resulting in an annualized yield of 1.7% and a payout ratio of 45.88%.

Alliancebernstein L.P. trimmed its stake in shares of IDEX Corporation (NYSE:IEX - Free Report) by 2.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,835 shares of the industrial products company's stock after selling 2,605 shares during the quarter. Alliancebernstein L.P. owned about 0.12% of IDEX worth $16,438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB grew its stake in shares of IDEX by 81.0% during the 1st 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 during the period. UMB Bank n.a. boosted 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 valued at $41,000 after acquiring an additional 87 shares during the last quarter. SVB Wealth LLC purchased a new position in IDEX in the 1st quarter valued at about $56,000. Federated Hermes Inc. boosted its stake in shares of IDEX by 42.9% during the 1st quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company's stock worth $60,000 after purchasing an additional 100 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of IDEX by 970.7% during the first quarter. Versant Capital Management Inc now owns 439 shares of the industrial products company's stock worth $79,000 after buying an additional 398 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

IDEX Stock Performance

Shares of NYSE IEX opened at $164.40 on Friday. The stock's fifty day simple moving average is $170.36 and its 200 day simple moving average is $176.27. The stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 1.69 and a beta of 1.02. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 52-week low of $153.36 and a 52-week high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last issued its earnings results 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 return on equity of 15.16% and a net margin of 14.05%.The company had revenue of $865.40 million for the quarter, compared to the consensus estimate of $858.59 million. During the same quarter in the prior year, the company earned $2.06 EPS. The firm's quarterly revenue was up 7.2% on a year-over-year basis. 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, sell-side analysts forecast that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. DA Davidson set a $180.00 price objective on IDEX and gave the stock a "neutral" rating in a report on Monday, August 4th. Oppenheimer dropped their target price on IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Royal Bank Of Canada reduced their price target on IDEX from $207.00 to $200.00 and set an "outperform" rating for the company in a report 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 report on Monday, July 14th. Finally, Stifel Nicolaus reduced their price objective on IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $201.71.

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.

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