Candriam S.C.A. Trims Holdings in IDEX Corporation $IEX

Key Points

• Candriam S.C.A. reduced its stake in IDEX Corporation by 13.6%, selling 10,505 shares and now holding approximately 66,628 shares valued at $12 million.
• IDEX reported Q2 earnings of $2.07 per share, exceeding estimates, with revenues of $865.4 million, reflecting a 7.2% year-over-year increase.
• The company announced a quarterly dividend of $0.71 per share, representing an annualized yield of 1.7% and a payout ratio of 45.88%.

Candriam S.C.A. decreased its position in shares of IDEX Corporation (NYSE:IEX - Free Report) by 13.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,628 shares of the industrial products company's stock after selling 10,505 shares during the period. Candriam S.C.A. owned approximately 0.09% of IDEX worth $12,058,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banque de Luxembourg S.A. purchased a new stake in IDEX in the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB increased its stake in IDEX by 81.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock worth $26,000 after purchasing an additional 64 shares during the period. UMB Bank n.a. increased its stake in IDEX by 63.5% in the first quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock worth $41,000 after purchasing an additional 87 shares during the period. Quarry LP purchased a new stake in IDEX in the fourth quarter worth $49,000. Finally, Federated Hermes Inc. increased its stake in IDEX by 42.9% in the first quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company's stock worth $60,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 97.96% of the company's stock.

Insider Buying and Selling

In other IDEX news, CFO Akhil Mahendra sold 250 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $180.89, for a total value of $45,222.50. Following the completion of the sale, the chief financial officer directly owned 5,035 shares in the company, valued at approximately $910,781.15. This trade represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on IEX shares. Mizuho set a $185.00 target price on IDEX in a research note on Friday, May 16th. Oppenheimer dropped their price target on IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Stifel Nicolaus dropped their price target on IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Citigroup increased their price target on IDEX from $208.00 to $216.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Finally, Robert W. Baird set a $215.00 price target on IDEX in a research report on Friday, May 2nd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $201.71.

IDEX Stock Up 3.7%

IEX stock traded up $6.07 during trading on Friday, reaching $168.45. 1,228,877 shares of the company traded hands, compared to its average volume of 930,550. IDEX Corporation has a 12 month low of $153.36 and a 12 month high of $238.22. The business has a 50 day simple moving average of $173.92 and a 200 day simple moving average of $179.08. The company has a market capitalization of $12.68 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.78 and a beta of 1.04. 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 issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share for the quarter, beating analysts' consensus estimates of $2.00 by $0.07. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The company had revenue of $865.40 million for the quarter, compared to the consensus estimate of $858.59 million. During the same quarter last year, the company earned $2.06 earnings per share. The firm's revenue for the quarter 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. On average, equities research analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Announces Dividend

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

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.