11,424 Shares in IDEX Corporation $IEX Acquired by FORA Capital LLC

Key Points

• FORA Capital LLC has acquired a new position in IDEX Corporation by purchasing 11,424 shares valued at approximately $2,067,000 during the first quarter.
• Wall Street analysts are optimistic about IDEX, with Citigroup raising their price target from $208 to $216 and maintaining a "buy" rating.
• IDEX announced a quarterly dividend of $0.71, representing an annualized rate of $2.84 with a dividend yield of 1.7% and a payout ratio of 45.88%.

FORA Capital LLC purchased a new position in IDEX Corporation (NYSE:IEX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,424 shares of the industrial products company's stock, valued at approximately $2,067,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IEX. Guggenheim Capital LLC boosted its stake in IDEX by 16.3% during the 4th quarter. Guggenheim Capital LLC now owns 1,256 shares of the industrial products company's stock worth $263,000 after purchasing an additional 176 shares during the last quarter. Stifel Financial Corp boosted its stake in IDEX by 26.1% during the 4th quarter. Stifel Financial Corp now owns 6,304 shares of the industrial products company's stock worth $1,319,000 after purchasing an additional 1,305 shares during the last quarter. Susquehanna International Group LLP boosted its stake in IDEX by 126.8% during the 4th quarter. Susquehanna International Group LLP now owns 52,968 shares of the industrial products company's stock worth $11,086,000 after purchasing an additional 29,615 shares during the last quarter. Pinebridge Investments L.P. acquired a new stake in IDEX during the 4th quarter worth $231,000. Finally, Two Sigma Securities LLC acquired a new position in shares of IDEX during the 4th quarter valued at about $254,000. Institutional investors and hedge funds own 97.96% of the company's stock.

IDEX Trading Down 0.5%

NYSE IEX traded down $0.79 during trading hours on Friday, reaching $164.43. The company had a trading volume of 445,723 shares, compared to its average volume of 782,680. The stock has a 50-day moving average of $172.91 and a 200 day moving average of $178.16. IDEX Corporation has a 1-year low of $153.36 and a 1-year high of $238.22. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $12.38 billion, a P/E ratio of 26.56, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04.

IDEX (NYSE:IEX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 14.05% and a return on equity of 15.16%. IDEX's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. As a group, research analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insider Transactions at IDEX

In other IDEX 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 sale, the chief financial officer directly owned 5,035 shares in the company, valued at $910,781.15. This represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by company insiders.

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.