ASR Vermogensbeheer N.V. Acquires 3,474 Shares of IDEX Corporation $IEX

Key Points

• ASR Vermogensbeheer N.V. has increased its holdings in IDEX Corporation by 2.5%, now owning 141,390 shares valued at approximately $24.8 million.
• IDEX has announced a $1.00 billion share buyback program, allowing it to repurchase up to 8.3% of its outstanding shares, indicating the board believes the stock is undervalued.
• The company has set guidance for its Q3 2025 earnings at 1.900-1.950 EPS, with a full year 2025 EPS guidance of 7.850-7.950.

ASR Vermogensbeheer N.V. increased its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 2.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,390 shares of the industrial products company's stock after purchasing an additional 3,474 shares during the quarter. ASR Vermogensbeheer N.V. owned approximately 0.19% of IDEX worth $24,824,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of IEX. Thurston Springer Miller Herd & Titak Inc. boosted its position in 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 acquiring an additional 103 shares during the last quarter. American National Bank & Trust bought a new stake in IDEX during the second quarter valued at $25,000. MassMutual Private Wealth & Trust FSB boosted its position in IDEX by 81.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 64 shares during the last quarter. UMB Bank n.a. boosted its position in 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. Finally, Steph & Co. bought a new stake in IDEX during the second quarter valued at $42,000. Institutional investors own 97.96% of the company's stock.

IDEX Trading Up 0.8%

IEX opened at $164.06 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.13. IDEX Corporation has a fifty-two week low of $153.36 and a fifty-two week high of $238.22. The firm has a market capitalization of $12.35 billion, a PE ratio of 26.50, a P/E/G ratio of 1.72 and a beta of 1.04. The company's 50-day moving average is $164.47 and its 200 day moving average is $173.69.

IDEX (NYSE:IEX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share for the quarter, topping 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 company had revenue of $865.40 million for the quarter, compared to analyst estimates of $858.59 million. During the same quarter in the prior year, the business posted $2.06 EPS. The firm'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 predict that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX announced that its board has authorized a share buyback program on Thursday, September 18th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 8.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

IDEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be 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 is Friday, October 10th. IDEX's dividend payout ratio is currently 45.88%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on IEX. Oppenheimer cut their price target on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Royal Bank Of Canada cut their price target on shares of IDEX from $207.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Stifel Nicolaus cut their price target on shares of IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. DA Davidson set a $180.00 price objective on shares of IDEX and gave the stock a "neutral" rating in a research report on Monday, August 4th. Finally, Citigroup increased their price objective 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. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.

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