Amundi Purchases 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 boosted its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 23.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,249,546 shares of the industrial products company's stock after purchasing an additional 236,650 shares during the quarter. Amundi owned about 1.65% of IDEX worth $220,849,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its position in IDEX by 81.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 64 shares during the period. UMB Bank n.a. grew its position in IDEX by 63.5% in the 1st quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 87 shares during the period. SVB Wealth LLC acquired a new stake in IDEX in the 1st quarter valued at $56,000. Federated Hermes Inc. grew its position in IDEX by 42.9% in the 1st quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company's stock valued at $60,000 after purchasing an additional 100 shares during the period. Finally, Versant Capital Management Inc grew its position in IDEX by 970.7% in the 1st quarter. Versant Capital Management Inc now owns 439 shares of the industrial products company's stock valued at $79,000 after purchasing an additional 398 shares during the period. Institutional investors and hedge funds own 97.96% of the company's stock.

Wall Street Analyst Weigh In

IEX has been the topic of a number of analyst reports. Stifel Nicolaus cut their price objective on shares of IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Oppenheimer cut their price objective on shares of 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 cut their price objective 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. Mizuho set a $185.00 price objective on shares of IDEX in a report on Friday, May 16th. Finally, DA Davidson set a $180.00 price objective on shares of IDEX and gave the stock a "neutral" rating in a report on Monday, August 4th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $201.71.

IDEX Stock Performance

Shares of NYSE IEX traded down $0.14 during mid-day trading on Friday, reaching $164.72. 647,510 shares of the company's stock were exchanged, compared to its average volume of 682,175. The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 1.74 and a beta of 1.02. IDEX Corporation has a 52 week low of $153.36 and a 52 week high of $238.22. 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 has a 50-day moving average price of $171.74 and a two-hundred day moving average price of $176.91.

IDEX (NYSE:IEX - Get Free Report) last released its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, topping analysts' consensus estimates of $2.00 by $0.07. The company had revenue of $865.40 million for the quarter, compared to analysts' expectations of $858.59 million. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The business's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business posted $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. Analysts predict that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Announces Dividend

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

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.