Assenagon Asset Management S.A. Has $5.51 Million Stock Holdings in IDEX Corporation $IEX

Key Points

• Assenagon Asset Management cut its IDEX stake by 81.9% in the second quarter, selling 110,018 shares and retaining 24,281 shares valued at $5.51 million. Institutional investors and hedge funds collectively own 97.96% of IDEX.
• Analysts remain broadly positive, with eight Buy ratings and two Holds. IDEX has a “Moderate Buy” consensus rating and an average price target of $260.80.
• IDEX reported quarterly EPS of $2.32, beating estimates by $0.21, while revenue rose 6.4% year over year to $920.6 million. The company also pays a quarterly dividend of $0.73, equivalent to a 1.2% annual yield.

Assenagon Asset Management S.A. trimmed its position in IDEX Corporation (NYSE:IEX - Free Report) by 81.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,281 shares of the industrial products company's stock after selling 110,018 shares during the period. Assenagon Asset Management S.A.'s holdings in IDEX were worth $5,511,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in IEX. Optiver Holding B.V. bought a new stake in IDEX during the 1st quarter valued at $27,000. SJS Investment Consulting Inc. lifted its stake in shares of IDEX by 104.1% in the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company's stock valued at $28,000 after buying an additional 76 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of IDEX during the fourth quarter valued at about $27,000. CYBER HORNET ETFs LLC acquired a new position in shares of IDEX during the second quarter valued at about $35,000. Finally, Root Financial Partners LLC increased its position in shares of IDEX by 57.6% during the first quarter. Root Financial Partners LLC now owns 208 shares of the industrial products company's stock worth $39,000 after acquiring an additional 76 shares in the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IEX has been the topic of a number of analyst reports. Seaport Research Partners restated a "buy" rating and issued a $250.00 target price on shares of IDEX in a report on Tuesday, May 5th. Mizuho raised IDEX from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $210.00 to $280.00 in a research report on Tuesday. DA Davidson upped their price target on IDEX from $230.00 to $240.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Royal Bank Of Canada raised their price objective on IDEX from $261.00 to $280.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $265.00 target price on shares of IDEX in a report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $260.80.

IDEX Stock Up 1.4%

IEX stock opened at $240.70 on Thursday. The stock's fifty day simple moving average is $225.22 and its two-hundred day simple moving average is $211.02. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 1-year low of $158.19 and a 1-year high of $243.80. The stock has a market cap of $17.74 billion, a P/E ratio of 34.63, a P/E/G ratio of 2.24 and a beta of 0.98.

IDEX (NYSE:IEX - Get Free Report) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.21. The firm had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The business's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $2.07 EPS. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Analysts expect that IDEX Corporation will post 8.84 EPS for the current year.

IDEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were paid a $0.73 dividend. The ex-dividend date was Monday, July 6th. This represents a $2.92 annualized dividend and a dividend yield of 1.2%. IDEX's payout ratio is presently 42.01%.

IDEX Profile

IDEX Corporation is a diversified industrial manufacturer specializing in the design, production and distribution of highly engineered fluidics systems, measurement technologies and safety solutions. The company's core offerings include positive-displacement pumps, flow meters, valves, sampling systems and analytical instruments that serve a wide range of end markets such as water treatment, chemical processing, energy, food and beverage, and life sciences. Through its focus on precision engineering and proprietary material science, IDEX delivers products designed for reliability in demanding applications.

Operations at IDEX are organized into three principal segments.

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