5,024 Shares in IDEX Corporation $IEX Bought by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in IDEX Corporation, purchasing 5,024 shares valued at approximately $909,000 in the first quarter.
• Several large investors, including Wellington Management Group and Millennium Management LLC, have significantly increased their holdings in IDEX Corporation, indicating strong institutional interest.
• IDEX Corporation recently reported quarterly earnings exceeding expectations with earnings per share of $2.07 and revenue of $865.40 million, and has set guidance for Q3 2025 at 1.900-1.950 EPS.

Dynamic Technology Lab Private Ltd acquired a new stake in IDEX Corporation (NYSE:IEX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,024 shares of the industrial products company's stock, valued at approximately $909,000.

A number of other large investors also recently modified their holdings of the company. USS Investment Management Ltd boosted its position in shares of IDEX by 25.7% in the first quarter. USS Investment Management Ltd now owns 15,200 shares of the industrial products company's stock valued at $2,748,000 after acquiring an additional 3,104 shares during the period. UniSuper Management Pty Ltd boosted its position in shares of IDEX by 15.0% in the first quarter. UniSuper Management Pty Ltd now owns 11,424 shares of the industrial products company's stock valued at $2,067,000 after acquiring an additional 1,491 shares during the period. Petrus Trust Company LTA bought a new position in shares of IDEX in the first quarter valued at approximately $379,000. Nissay Asset Management Corp Japan ADV boosted its position in shares of IDEX by 1.1% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 9,359 shares of the industrial products company's stock valued at $1,694,000 after acquiring an additional 104 shares during the period. Finally, Millennium Management LLC boosted its position in shares of IDEX by 1,232.4% in the first quarter. Millennium Management LLC now owns 487,274 shares of the industrial products company's stock valued at $88,182,000 after acquiring an additional 450,704 shares during the period. 97.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IEX. DA Davidson set a $180.00 target price on shares of IDEX and gave the company a "neutral" rating in a research report on Monday, August 4th. Citigroup lifted their target price on shares of IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a research report on Monday, July 14th. 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. 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. Finally, 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. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, IDEX currently has an average rating of "Moderate Buy" and an average price target of $201.71.

IDEX Trading Down 2.3%

Shares of IEX traded down $3.83 during mid-day trading on Friday, reaching $160.66. The company's stock had a trading volume of 394,416 shares, compared to its average volume of 648,151. The stock has a market cap of $12.10 billion, a PE ratio of 25.96, a P/E/G ratio of 1.69 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 52 week low of $153.36 and a 52 week high of $238.22. The company's fifty day moving average price is $169.95 and its two-hundred day moving average price is $175.76.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share for the quarter, topping analysts' consensus estimates of $2.00 by $0.07. The firm 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%. The business's quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $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. On average, analysts predict that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders 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 1.8%. The ex-dividend date was Friday, July 11th. IDEX's payout ratio is presently 45.88%.

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.