Curi RMB Capital LLC Reduces Stock Position in IDEX Corporation $IEX

Key Points

• Curi RMB Capital LLC decreased its stake in IDEX Corporation by 10.5%, holding 79,279 shares valued at approximately $14.35 million as of the end of the first quarter.
• IDEX Corporation reported earnings of $2.07 EPS for the last quarter, exceeding analysts' estimates of $2.00 and marking a 7.2% increase in revenue year-over-year.
• Citigroup and other analysts have recently initiated positive price targets for IDEX, with Citigroup raising its target to $216.00 and maintaining a "buy" rating.

Curi RMB Capital LLC reduced its position in shares of IDEX Corporation (NYSE:IEX - Free Report) by 10.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,279 shares of the industrial products company's stock after selling 9,294 shares during the quarter. Curi RMB Capital LLC owned approximately 0.10% of IDEX worth $14,347,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP lifted 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 period. Impax Asset Management Group plc lifted its position 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 worth $363,157,000 after purchasing an additional 207,172 shares during the period. Invesco Ltd. lifted its position 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 worth $279,682,000 after purchasing an additional 206,633 shares during the period. Amundi lifted its position in shares of IDEX by 23.4% in the 1st quarter. Amundi now owns 1,249,546 shares of the industrial products company's stock worth $220,849,000 after purchasing an additional 236,650 shares during the period. Finally, Fenimore Asset Management Inc lifted its position 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 worth $154,901,000 after purchasing an additional 16,444 shares during the period. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Stock Down 1.6%

NYSE:IEX traded down $2.62 on Tuesday, reaching $161.56. 197,541 shares of the stock traded hands, compared to its average volume of 675,180. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 1.74 and a beta of 1.02. 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 Corporation has a 12 month low of $153.36 and a 12 month high of $238.22. The company's fifty day simple moving average is $171.50 and its 200 day simple moving average is $176.70.

IDEX (NYSE:IEX - Get Free Report) last released 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. The business had revenue of $865.40 million during 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%. IDEX's revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business earned $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. Equities analysts predict that IDEX Corporation will post 8.26 EPS for the current fiscal year.

IDEX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, July 11th. IDEX's dividend payout ratio (DPR) is presently 45.88%.

Analyst Ratings Changes

Several research firms have recently commented on IEX. Oppenheimer dropped their target price on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Stifel Nicolaus dropped their target price on shares of IDEX from $238.00 to $204.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Royal Bank Of Canada dropped their target price on shares of IDEX from $207.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Mizuho set a $185.00 price target on shares of IDEX in a research note on Friday, May 16th. Finally, 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. 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, IDEX has an average rating of "Moderate Buy" and an average target price 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.