Amundi Buys 236,650 Shares of IDEX Corporation $IEX

Key Points

• Amundi has increased its stake in IDEX Corporation by 23.4%, acquiring an additional 236,650 shares, bringing its total ownership to approximately 1.65% valued at $220.8 million.
• IDEX Corporation reported a quarterly earnings per share (EPS) of $2.07, surpassing analysts' expectations, along with a year-over-year revenue increase of 7.2% to $865.4 million.
• The company recently paid a quarterly dividend of $0.71 per share, representing an annualized dividend of $2.84 and a dividend yield of 1.7%.

Amundi grew its stake in shares of IDEX Corporation (NYSE:IEX - Free Report) by 23.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,249,546 shares of the industrial products company's stock after acquiring an additional 236,650 shares during the period. Amundi owned about 1.65% of IDEX worth $220,849,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of IDEX by 19.7% during the first quarter. Wellington Management Group LLP now owns 5,050,601 shares of the industrial products company's stock valued at $914,007,000 after buying an additional 831,005 shares during the last quarter. Flossbach Von Storch SE acquired a new position in shares of IDEX during the first quarter valued at approximately $49,815,000. Impax Asset Management Group plc grew its stake in IDEX by 11.5% during the 1st quarter. Impax Asset Management Group plc now owns 2,006,724 shares of the industrial products company's stock valued at $363,157,000 after acquiring an additional 207,172 shares in the last quarter. Invesco Ltd. grew its stake in shares of IDEX by 15.4% in the 1st quarter. Invesco Ltd. now owns 1,545,463 shares of the industrial products company's stock valued at $279,682,000 after buying an additional 206,633 shares during the period. Finally, Findlay Park Partners LLP lifted its holdings in shares of IDEX by 66.0% in the 1st quarter. Findlay Park Partners LLP now owns 469,299 shares of the industrial products company's stock worth $84,929,000 after acquiring an additional 186,599 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors.

IDEX Stock Performance

Shares of NYSE:IEX traded down $1.63 during trading on Wednesday, hitting $160.38. 137,534 shares of the company traded hands, compared to its average volume of 674,103. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 1.73 and a beta of 1.02. The business's fifty day moving average is $171.14 and its 200-day moving average is $176.60. IDEX Corporation has a one year low of $153.36 and a one 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.

IDEX (NYSE:IEX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.07. The firm had revenue of $865.40 million for the quarter, compared to the consensus estimate of $858.59 million. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The firm's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous 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. As a group, equities analysts predict that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were paid 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 dividend yield of 1.8%. IDEX's dividend payout ratio (DPR) is 45.88%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on IEX shares. Royal Bank Of Canada reduced their price target on IDEX from $207.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Oppenheimer decreased their price objective on IDEX from $224.00 to $212.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Mizuho set a $185.00 price objective on IDEX in a research report on Friday, May 16th. Stifel Nicolaus dropped their price target on shares of IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Finally, DA Davidson set a $180.00 price target on shares of IDEX and gave the stock a "neutral" rating in a report on Monday, August 4th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.