Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Stock Position in IDEX Corporation $IEX

Key Points

• Fjarde AP Fonden reduced its stock position in IDEX Corporation by 16.4%, selling 6,000 shares, leaving it with a total of 30,618 shares valued at approximately $5.54 million.
• Analysts have mixed ratings for IDEX, with target prices **ranging from $180 to $238**; currently, the stock holds an average rating of "Moderate Buy" with a target of $201.71.
• IDEX announced a quarterly dividend of $0.71 per share, translating to a 1.7% dividend yield, with the payout ratio at 45.88%.

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its stake in IDEX Corporation (NYSE:IEX - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,618 shares of the industrial products company's stock after selling 6,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in IDEX were worth $5,541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its holdings in IDEX by 81.0% during the first 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 in the last quarter. Banque de Luxembourg S.A. acquired a new position in IDEX in the fourth quarter worth approximately $27,000. UMB Bank n.a. increased its holdings in IDEX by 63.5% in the first quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock worth $41,000 after buying an additional 87 shares during the last quarter. Quarry LP acquired a new stake in IDEX in the 4th quarter valued at approximately $49,000. Finally, Federated Hermes Inc. grew its holdings in IDEX by 42.9% in the 1st 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. 97.96% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Akhil Mahendra sold 250 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $910,781.15. The trade was a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on IEX. Citigroup upped their price target on IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a report on Monday, July 14th. DA Davidson set a $180.00 price objective on shares of IDEX and gave the stock a "neutral" rating in a report on Monday, August 4th. Mizuho set a $185.00 price target on shares of IDEX in a research note on Friday, May 16th. Robert W. Baird set a $215.00 price target on shares of IDEX in a research report on Friday, May 2nd. Finally, Stifel Nicolaus lowered their price target 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, IDEX presently has an average rating of "Moderate Buy" and a consensus price target of $201.71.

IDEX Stock Performance

IDEX stock traded down $1.6140 during midday trading on Thursday, hitting $162.8560. The company's stock had a trading volume of 162,119 shares, compared to its average volume of 672,642. IDEX Corporation has a 1-year low of $153.36 and a 1-year high of $238.22. 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 company has a 50-day moving average price of $174.51 and a two-hundred day moving average price of $180.08. The company has a market cap of $12.26 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 1.75 and a beta of 1.04.

IDEX (NYSE:IEX - Get Free Report) last issued its earnings results 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 firm had revenue of $865.40 million during the quarter, compared to the consensus estimate of $858.59 million. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The business'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. As a group, sell-side analysts predict that IDEX Corporation will post 8.26 earnings per share for the current year.

IDEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors 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 1.7%. The ex-dividend date was Friday, July 11th. IDEX's dividend payout ratio is currently 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.