IDEX Corporation $IEX Stock Holdings Increased by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its stake in IDEX Corporation by 60.2% in Q1, now holding 18,627 shares valued at approximately $3.37 million.
• IDEX reported a quarterly earnings of $2.07 per share, exceeding the consensus estimate by $0.07, and revenue increased 7.2% year-over-year to $865.4 million.
• The company announced a quarterly dividend of $0.71, yielding 1.8%, with a payout ratio of 45.88% as of the latest report.

Canada Pension Plan Investment Board raised its stake in IDEX Corporation (NYSE:IEX - Free Report) by 60.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 18,627 shares of the industrial products company's stock after purchasing an additional 7,000 shares during the period. Canada Pension Plan Investment Board's holdings in IDEX were worth $3,371,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of IDEX by 19.7% in the 1st quarter. Wellington Management Group LLP now owns 5,050,601 shares of the industrial products company's stock worth $914,007,000 after purchasing an additional 831,005 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in shares of IDEX by 11.5% in 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 buying an additional 207,172 shares during the period. Invesco Ltd. boosted its holdings 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. Fenimore Asset Management Inc boosted its holdings in shares of IDEX by 2.0% in the 1st quarter. Fenimore Asset Management Inc now owns 855,951 shares of the industrial products company's stock valued at $154,901,000 after buying an additional 16,444 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of IDEX by 15.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 747,554 shares of the industrial products company's stock valued at $156,456,000 after buying an additional 102,129 shares during the period. Institutional investors own 97.96% of the company's stock.

IDEX Price Performance

Shares of IEX stock traded down $1.84 during midday trading on Tuesday, reaching $162.34. 111,673 shares of the company were exchanged, compared to its average volume of 674,534. IDEX Corporation has a 12 month low of $153.36 and a 12 month high of $238.22. The company has a market cap of $12.22 billion, a P/E ratio of 26.25, a PEG ratio of 1.74 and a beta of 1.02. The company's 50 day moving average price is $171.50 and its two-hundred day moving average price is $176.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.13 and a current ratio of 3.05.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly 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. 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 the consensus estimate of $858.59 million. During the same period in the previous year, the firm earned $2.06 EPS. IDEX's revenue was up 7.2% on a year-over-year basis. 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 expect that IDEX Corporation will post 8.26 earnings per share for the current year.

IDEX Dividend Announcement

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 $0.71 dividend. 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%.

Analyst Ratings Changes

Several research analysts have recently commented on IEX shares. Oppenheimer decreased their price target on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Royal Bank Of Canada decreased their price target on shares of IDEX from $207.00 to $200.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. DA Davidson set a $180.00 price target on shares of IDEX and gave the company a "neutral" rating in a report on Monday, August 4th. Citigroup boosted their target price on shares of IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, Mizuho set a $185.00 target price on shares of IDEX in a research note on Friday, May 16th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, IDEX presently has an average rating of "Moderate Buy" and a consensus 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.