IDEX Corporation $IEX Shares Acquired by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management has increased its stake in IDEX Corporation (NYSE:IEX) by 2.9%, owning approximately 1.02% of the company and valuing it at $139.2 million as of the latest SEC report.
• IDEX reported a quarterly earnings per share (EPS) of $2.07, exceeding analyst expectations, along with a year-over-year revenue growth of 7.2%.
• The company announced a quarterly dividend of $0.71 per share, yielding 1.8%, with a payout ratio of 45.88%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of IDEX Corporation (NYSE:IEX - Free Report) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 769,341 shares of the industrial products company's stock after purchasing an additional 21,787 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.02% of IDEX worth $139,228,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in IDEX by 3.4% during the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company's stock valued at $298,000 after purchasing an additional 54 shares in the last quarter. MBB Public Markets I LLC acquired a new stake in IDEX during the 1st quarter valued at $310,000. United Services Automobile Association acquired a new stake in IDEX during the 1st quarter valued at $281,000. Dynamic Technology Lab Private Ltd bought a new position in IDEX during the 1st quarter valued at $909,000. Finally, USS Investment Management Ltd boosted its stake in IDEX by 25.7% during the 1st quarter. USS Investment Management Ltd now owns 15,200 shares of the industrial products company's stock valued at $2,748,000 after acquiring an additional 3,104 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Stock Performance

Shares of IDEX stock traded up $3.01 during trading hours on Thursday, reaching $162.60. The company's stock had a trading volume of 170,301 shares, compared to its average volume of 676,144. The company's 50 day simple moving average is $168.71 and its 200 day simple moving average is $175.33. 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 one year low of $153.36 and a one year high of $238.22. The stock has a market cap of $12.24 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share 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 business had revenue of $865.40 million for the quarter, compared to analysts' expectations of $858.59 million. During the same quarter last year, the company earned $2.06 EPS. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. 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, analysts expect that IDEX Corporation will post 8.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IEX. DA Davidson set a $180.00 price objective on shares of IDEX and gave the company a "neutral" rating in a research note on Monday, August 4th. Royal Bank Of Canada reduced their price objective 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. Oppenheimer reduced their price objective on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Stifel Nicolaus reduced their price objective on shares of IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Finally, Citigroup increased 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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $201.71.

IDEX 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.