Eventide Asset Management LLC Buys 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 position in shares of IDEX Corporation (NYSE:IEX - Free Report) by 23.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in IEX. Wellington Management Group LLP increased its holdings in IDEX by 19.7% during 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 buying an additional 831,005 shares during the last quarter. Flossbach Von Storch SE bought a new stake in shares of IDEX in the first quarter valued at about $49,815,000. Amundi boosted its position in shares of IDEX by 23.4% in the first quarter. Amundi now owns 1,249,546 shares of the industrial products company's stock valued at $220,849,000 after acquiring an additional 236,650 shares during the period. Impax Asset Management Group plc lifted its position in IDEX by 11.5% during the first 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. Finally, Invesco Ltd. lifted its position in IDEX by 15.4% during the first 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. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Royal Bank Of Canada lowered their target price on IDEX from $207.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Mizuho set a $185.00 target price on IDEX in a report on Friday, May 16th. DA Davidson set a $180.00 target price on IDEX and gave the stock a "neutral" rating in a report on Monday, August 4th. Oppenheimer cut their target price on IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Finally, Citigroup increased their target price on IDEX from $208.00 to $216.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, IDEX has an average rating of "Moderate Buy" and a consensus price target of $201.71.

IDEX Stock Performance

NYSE:IEX traded down $2.20 on Tuesday, reaching $161.97. 224,332 shares of the company's stock were exchanged, compared to its average volume of 675,308. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.13. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 1.74 and a beta of 1.02. IDEX Corporation has a 52 week low of $153.36 and a 52 week high of $238.22. The stock has a fifty day simple moving average of $171.50 and a 200-day simple moving average of $176.70.

IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, topping 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 company had revenue of $865.40 million during the quarter, compared to analyst estimates of $858.59 million. During the same quarter in the previous year, the firm earned $2.06 earnings per share. IDEX's revenue was up 7.2% on a year-over-year basis. 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, sell-side analysts predict that IDEX Corporation will post 8.26 earnings per share for the current year.

IDEX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a $0.71 dividend. The ex-dividend date was Friday, July 11th. This represents a $2.84 dividend on an annualized basis and a yield of 1.8%. IDEX's payout ratio is presently 45.88%.

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.