Findlay Park Partners LLP Has $84.93 Million Stake in IDEX Corporation $IEX

Key Points

• Findlay Park Partners LLP increased its holdings in IDEX Corporation by 66.0% during the 1st quarter, now owning approximately 0.62% of the company, valued at $84.9 million.
• Over half of IDEX's shares, approximately 97.96%, are currently held by hedge funds and institutional investors, demonstrating strong interest from this segment.
• IDEX reported earnings of $2.07 per share for the last quarter, surpassing estimates, with a 7.2% year-over-year revenue increase.

Findlay Park Partners LLP lifted its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 66.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 469,299 shares of the industrial products company's stock after acquiring an additional 186,599 shares during the quarter. Findlay Park Partners LLP owned approximately 0.62% of IDEX worth $84,929,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Horizon Investments LLC raised its position in IDEX by 5.2% in the 1st quarter. Horizon Investments LLC now owns 1,087 shares of the industrial products company's stock worth $197,000 after purchasing an additional 54 shares during the last quarter. Alps Advisors Inc. raised its position in IDEX by 1.0% in the 1st quarter. Alps Advisors Inc. now owns 5,990 shares of the industrial products company's stock worth $1,084,000 after purchasing an additional 60 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in IDEX by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,925 shares of the industrial products company's stock worth $1,031,000 after purchasing an additional 61 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in IDEX by 0.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,332 shares of the industrial products company's stock worth $1,508,000 after purchasing an additional 61 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in IDEX by 81.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock worth $26,000 after purchasing an additional 64 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at IDEX

In related news, CFO Akhil Mahendra sold 250 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $180.89, for a total value of $45,222.50. Following the completion of the sale, the chief financial officer directly owned 5,035 shares in the company, valued at approximately $910,781.15. This trade represents a 4.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IEX. DA Davidson set a $180.00 price objective on shares of IDEX and gave the stock a "neutral" rating in a research report on Monday, August 4th. Mizuho set a $185.00 price objective on shares of IDEX in a research report on Friday, May 16th. 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. 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. Finally, Citigroup upped 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. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $201.71.

IDEX Stock Down 0.5%

NYSE IEX traded down $0.79 on Friday, reaching $164.43. The company had a trading volume of 445,723 shares, compared to its average volume of 782,680. The firm has a market capitalization of $12.38 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.13 and a current ratio of 3.05. IDEX Corporation has a 1-year low of $153.36 and a 1-year high of $238.22. The company's fifty day moving average is $172.91 and its 200-day moving average is $178.16.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, topping analysts' consensus estimates of $2.00 by $0.07. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The company 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 business posted $2.06 EPS. The company's quarterly 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. On average, research analysts forecast that IDEX Corporation will post 8.26 earnings per share for the current fiscal 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 paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, July 11th. IDEX's dividend payout ratio (DPR) is 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.