Curi RMB Capital LLC Sells 9,294 Shares of 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 lowered its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 10.5% during 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 0.10% of IDEX worth $14,347,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Wellington Management Group LLP grew its stake in shares of IDEX by 19.7% in 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 acquiring an additional 831,005 shares during the last quarter. Impax Asset Management Group plc grew its position in 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 last quarter. Invesco Ltd. increased its holdings in shares of IDEX by 15.4% during 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 raised its position in shares of IDEX by 23.4% during the first quarter. Amundi now owns 1,249,546 shares of the industrial products company's stock valued at $220,849,000 after buying an additional 236,650 shares during the last quarter. Finally, Fenimore Asset Management Inc grew its position in IDEX by 2.0% during the first quarter. Fenimore Asset Management Inc now owns 855,951 shares of the industrial products company's stock worth $154,901,000 after buying an additional 16,444 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IEX has been the subject of several recent research reports. Royal Bank Of Canada cut their price target on IDEX from $207.00 to $200.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Stifel Nicolaus cut their target price on IDEX from $238.00 to $204.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Oppenheimer decreased their price target on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Citigroup increased their price objective 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 price objective on shares of IDEX in a report on Friday, May 16th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, IDEX currently has an average rating of "Moderate Buy" and an average target price of $201.71.

IDEX Price Performance

NYSE:IEX traded down $0.87 on Monday, reaching $164.06. The stock had a trading volume of 738,361 shares, compared to its average volume of 678,054. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $12.35 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 1.74 and a beta of 1.02. IDEX Corporation has a 1-year low of $153.36 and a 1-year high of $238.22. The stock has a fifty day moving average price of $171.74 and a 200-day moving average price of $176.91.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.00 by $0.07. The company had revenue of $865.40 million during the quarter, compared to analysts' expectations of $858.59 million. IDEX had a net margin of 14.05% and a return on equity of 15.16%. IDEX's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.06 earnings per share. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. Research analysts forecast that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Announces Dividend

The firm also recently disclosed 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 of this dividend was Friday, July 11th. This represents a $2.84 dividend on an annualized basis and a yield of 1.7%. IDEX's payout ratio is currently 45.88%.

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.