Dimensional Fund Advisors LP Increases Stock Holdings in IDEX Corporation $IEX

Key Points

• Dimensional Fund Advisors LP has increased its stake in IDEX Corporation by 6.9%, now holding approximately 685,206 shares valued at $123.996 million.
• IDEX Corporation reported earnings of $2.07 per share for the recent quarter, exceeding analysts' expectations and reflecting a 7.2% year-over-year revenue increase to $865.4 million.
• The company announced a quarterly dividend of $0.71 per share, representing an annualized yield of 1.7%, with a payout ratio of 45.88%.

Dimensional Fund Advisors LP boosted its holdings in shares of IDEX Corporation (NYSE:IEX - Free Report) by 6.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 685,206 shares of the industrial products company's stock after purchasing an additional 44,489 shares during the quarter. Dimensional Fund Advisors LP owned about 0.91% of IDEX worth $123,996,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Banque de Luxembourg S.A. bought a new position in IDEX during the fourth quarter valued at $27,000. MassMutual Private Wealth & Trust FSB grew its holdings in IDEX by 81.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock worth $26,000 after acquiring an additional 64 shares in the last quarter. UMB Bank n.a. grew its holdings in IDEX by 63.5% during the 1st quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock worth $41,000 after acquiring an additional 87 shares in the last quarter. Quarry LP bought a new position in IDEX during the 4th quarter worth about $49,000. Finally, Federated Hermes Inc. lifted its position in shares of IDEX by 42.9% during the first quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company's stock valued at $60,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup increased their price target on shares of IDEX from $208.00 to $216.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Royal Bank Of Canada dropped their price target on IDEX from $207.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. DA Davidson set a $180.00 target price on IDEX and gave the stock a "neutral" rating in a report on Monday, August 4th. Stifel Nicolaus lowered their price objective on IDEX from $238.00 to $204.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Finally, Oppenheimer decreased their target price on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $201.71.

IDEX Stock Performance

Shares of IEX stock traded up $6.07 during trading hours on Friday, hitting $168.45. The stock had a trading volume of 1,228,877 shares, compared to its average volume of 930,550. The firm has a market capitalization of $12.68 billion, a PE ratio of 27.21, a PEG ratio of 1.78 and a beta of 1.04. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $238.22. The stock's 50 day moving average is $173.92 and its 200 day moving average is $179.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.13.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings data 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. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The business had revenue of $865.40 million during the quarter, compared to the consensus estimate of $858.59 million. During the same period in the prior year, the company earned $2.06 earnings per share. The company's revenue 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. As a group, research analysts forecast that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The business also recently declared 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 of this dividend was Friday, July 11th. This represents a $2.84 annualized dividend and a dividend yield of 1.7%. IDEX's dividend payout ratio (DPR) is currently 45.88%.

Insider Activity at IDEX

In other news, CFO Akhil Mahendra sold 250 shares of the company's 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 directly owned 5,035 shares of the company's stock, valued at $910,781.15. This represents a 4.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.50% of the company's stock.

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.