IDEX Corporation $IEX Position Trimmed by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its stock holdings in IDEX Corporation by 37.2% in the first quarter, now owning 3,730 shares valued at $675,000.
• Several institutional investors increased their stakes in IDEX, with MassMutual Private Wealth & Trust FSB boosting its position by 81.0% during the same period.
• IDEX announced a quarterly dividend of $0.71 per share, representing an annualized dividend of $2.84 and a yield of 1.7%.

Gulf International Bank UK Ltd lessened its position in IDEX Corporation (NYSE:IEX - Free Report) by 37.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,730 shares of the industrial products company's stock after selling 2,211 shares during the period. Gulf International Bank UK Ltd's holdings in IDEX were worth $675,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in shares of IDEX by 8.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,666,777 shares of the industrial products company's stock valued at $767,421,000 after purchasing an additional 277,964 shares during the period. Flossbach Von Storch SE acquired a new stake in shares of IDEX in the first quarter valued at approximately $49,815,000. Impax Asset Management Group plc increased its position in IDEX by 11.5% in the 1st quarter. Impax Asset Management Group plc now owns 2,006,724 shares of the industrial products company's stock valued at $363,157,000 after acquiring an additional 207,172 shares during the period. Invesco Ltd. increased its position in IDEX by 15.4% in the 1st quarter. Invesco Ltd. now owns 1,545,463 shares of the industrial products company's stock valued at $279,682,000 after acquiring an additional 206,633 shares during the period. Finally, GAMMA Investing LLC increased its position in IDEX by 26,868.7% in the 1st quarter. GAMMA Investing LLC now owns 165,588 shares of the industrial products company's stock valued at $299,660,000 after acquiring an additional 164,974 shares during the period. Institutional investors and hedge funds own 97.96% of the company's stock.

Insiders Place Their Bets

In related news, CFO Akhil Mahendra sold 250 shares of IDEX stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $180.89, for a total value of $45,222.50. Following the transaction, the chief financial officer owned 5,035 shares of the company's stock, 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 can be accessed through this hyperlink. Corporate insiders own 0.50% of the company's stock.

IDEX Price Performance

Shares of IEX traded down $1.1550 during mid-day trading on Thursday, hitting $163.3150. The company's stock had a trading volume of 319,610 shares, compared to its average volume of 673,625. The firm has a 50-day moving average price of $174.51 and a 200 day moving average price of $180.08. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 1.75 and a beta of 1.04. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.13. IDEX Corporation has a fifty-two week low of $153.36 and a fifty-two week high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly 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 firm had revenue of $865.40 million for the quarter, compared to analyst estimates of $858.59 million. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, research analysts predict that IDEX Corporation will post 8.26 EPS for the current fiscal year.

IDEX Announces Dividend

The business 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 payout ratio is presently 45.88%.

Analyst Ratings Changes

A number of research analysts have recently commented on IEX shares. Mizuho set a $185.00 price target on IDEX in a report on Friday, May 16th. Royal Bank Of Canada lowered their target price on shares of IDEX from $207.00 to $200.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Robert W. Baird set a $215.00 target price on shares of IDEX in a research note on Friday, May 2nd. DA Davidson set a $180.00 target price on shares of IDEX and gave the company a "neutral" rating in a research note on Monday, August 4th. Finally, Citigroup raised their price objective on shares of IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $201.71.

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.