Eventide Asset Management LLC Purchases 19,014 Shares of IDEX Corporation $IEX

Key Points

• Eventide Asset Management LLC increased its stake in IDEX Corporation by 23.7%, owning 99,182 shares valued at nearly $18 million as of the latest filing.
• Analyst price targets for IDEX range from $180.00 to $216.00, with a consensus rating of "Moderate Buy".
• IDEX reported earnings of $2.07 per share, beating analyst expectations, and has set guidance of 1.900-1.950 EPS for Q3 2025.

Eventide Asset Management LLC increased its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 23.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 99,182 shares of the industrial products company's stock after buying an additional 19,014 shares during the period. Eventide Asset Management LLC owned 0.13% of IDEX worth $17,949,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in IEX. Stifel Financial Corp raised its position in shares of IDEX by 26.1% in the fourth quarter. Stifel Financial Corp now owns 6,304 shares of the industrial products company's stock worth $1,319,000 after buying an additional 1,305 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in IDEX during the fourth quarter valued at about $812,000. Jane Street Group LLC raised its position in IDEX by 5,524.0% during the fourth quarter. Jane Street Group LLC now owns 57,140 shares of the industrial products company's stock valued at $11,959,000 after purchasing an additional 56,124 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in IDEX by 3.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 6,205 shares of the industrial products company's stock valued at $1,299,000 after purchasing an additional 205 shares in the last quarter. Finally, Ancora Advisors LLC raised its position in IDEX by 24,700.0% during the fourth quarter. Ancora Advisors LLC now owns 496 shares of the industrial products company's stock valued at $104,000 after purchasing an additional 494 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

IDEX Trading Down 0.5%

Shares of NYSE IEX traded down $0.87 during trading hours on Monday, hitting $164.06. The company's stock had a trading volume of 738,361 shares, compared to its average volume of 678,055. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.13 and a current ratio of 3.05. The stock has a market cap of $12.35 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 1.74 and a beta of 1.02. 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 $171.74 and a 200-day simple moving average 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, topping the consensus estimate of $2.00 by $0.07. The company had revenue of $865.40 million for the quarter, compared to analysts' expectations of $858.59 million. IDEX had a return on equity of 15.16% and a net margin of 14.05%.IDEX's quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the firm earned $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. On average, analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, July 11th. IDEX's payout ratio is presently 45.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on IEX shares. DA Davidson set a $180.00 price target on IDEX and gave the company a "neutral" rating in a research report on Monday, August 4th. Stifel Nicolaus lowered 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. Mizuho set a $185.00 price target on IDEX in a research report on Friday, May 16th. Oppenheimer lowered 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. Finally, Royal Bank Of Canada decreased their price objective on IDEX from $207.00 to $200.00 and set an "outperform" rating on the stock in a 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 company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.