IDEX Corporation $IEX Stock Position Raised by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC significantly increased its holdings in IDEX Corporation by 496.1% in the first quarter, owning 14,432 shares worth approximately $2.6 million.
• IDEX Corporation's recent earnings report beat analysts' expectations, with earnings per share of $2.07 and revenue of $865.4 million, demonstrating a year-over-year growth of 7.2%.
• The stock received mixed analyst ratings, with a consensus rating of "Moderate Buy" and an average price target of $201.71 following various adjustments to price objectives by multiple firms.

Campbell & CO Investment Adviser LLC increased its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 496.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,432 shares of the industrial products company's stock after acquiring an additional 12,011 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in IDEX were worth $2,612,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its stake 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 worth $914,007,000 after buying an additional 831,005 shares during the period. Impax Asset Management Group plc lifted its position in IDEX by 11.5% in the first 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 purchasing an additional 207,172 shares during the period. Invesco Ltd. lifted its position in IDEX by 15.4% in the first quarter. Invesco Ltd. now owns 1,545,463 shares of the industrial products company's stock valued at $279,682,000 after purchasing an additional 206,633 shares during the period. Fenimore Asset Management Inc lifted its position in IDEX by 2.0% in the first quarter. Fenimore Asset Management Inc now owns 855,951 shares of the industrial products company's stock valued at $154,901,000 after purchasing an additional 16,444 shares during the period. Finally, Northern Trust Corp lifted its position in shares of IDEX by 17.8% during the 4th quarter. Northern Trust Corp now owns 793,622 shares of the industrial products company's stock valued at $166,097,000 after acquiring an additional 120,022 shares during the period. 97.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at IDEX

In related news, CFO Akhil Mahendra sold 250 shares of IDEX stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $180.89, for a total transaction of $45,222.50. Following the transaction, the chief financial officer owned 5,035 shares in the company, valued at approximately $910,781.15. The trade was a 4.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company's stock.

IDEX Trading Down 0.5%

Shares of IEX traded down $0.79 during mid-day trading on Friday, reaching $164.43. The company had a trading volume of 288,633 shares, compared to its average volume of 674,737. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.75 and a beta of 1.04. The firm has a fifty day simple moving average of $173.09 and a 200-day simple moving average of $178.48. IDEX Corporation has a fifty-two week low of $153.36 and a fifty-two week high of $238.22. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.46.

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, beating the consensus estimate of $2.00 by $0.07. The business had revenue of $865.40 million for the quarter, compared to analyst estimates of $858.59 million. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The business's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter 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. On average, sell-side analysts anticipate that IDEX Corporation will post 8.26 EPS for the current fiscal year.

IDEX Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on IEX. Citigroup lifted their price target on shares of IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a research report on Monday, July 14th. DA Davidson set a $180.00 price objective on shares of IDEX and gave the stock a "neutral" rating in a research note on Monday, August 4th. Robert W. Baird set a $215.00 price objective on shares of IDEX in a research note on Friday, May 2nd. Oppenheimer dropped their price objective on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Finally, Mizuho set a $185.00 target price on shares of IDEX in a research note on Friday, May 16th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $201.71.

IDEX 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.