USS Investment Management Ltd Boosts Position in IDEX Corporation $IEX

Key Points

• USS Investment Management Ltd significantly increased its holdings in IDEX Corporation by 25.7%, now owning 15,200 shares valued at $2.75 million.
• IDEX has received a consensus rating of "Moderate Buy" from analysts, with a target price averaging $201.71 per share.
• The company reported $2.07 EPS for the last quarter, exceeding estimates and showing a 7.2% year-over-year revenue increase.

USS Investment Management Ltd lifted its position in IDEX Corporation (NYSE:IEX - Free Report) by 25.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,200 shares of the industrial products company's stock after purchasing an additional 3,104 shares during the period. USS Investment Management Ltd's holdings in IDEX were worth $2,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. UniSuper Management Pty Ltd boosted its position in shares of IDEX by 15.0% during the first quarter. UniSuper Management Pty Ltd now owns 11,424 shares of the industrial products company's stock worth $2,067,000 after acquiring an additional 1,491 shares during the last quarter. Petrus Trust Company LTA bought a new position in shares of IDEX during the first quarter worth $379,000. Nissay Asset Management Corp Japan ADV boosted its position in shares of IDEX by 1.1% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 9,359 shares of the industrial products company's stock worth $1,694,000 after acquiring an additional 104 shares during the last quarter. Millennium Management LLC boosted its position in shares of IDEX by 1,232.4% during the first quarter. Millennium Management LLC now owns 487,274 shares of the industrial products company's stock worth $88,182,000 after acquiring an additional 450,704 shares during the last quarter. Finally, Interval Partners LP bought a new position in shares of IDEX during the first quarter worth $32,535,000. Institutional investors own 97.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. DA Davidson set a $180.00 target price on shares of IDEX and gave the stock a "neutral" rating in a research report on Monday, August 4th. Oppenheimer lowered their price objective on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Royal Bank Of Canada lowered their price objective 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. 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 report on Monday, July 14th. Finally, Stifel Nicolaus lowered their price objective 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $201.71.

IDEX Trading Down 2.3%

IDEX stock traded down $3.83 during midday trading on Friday, reaching $160.66. The stock had a trading volume of 394,416 shares, compared to its average volume of 657,390. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 52-week low of $153.36 and a 52-week high of $238.22. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. The company has a fifty day moving average of $169.95 and a 200 day moving average of $175.88.

IDEX (NYSE:IEX - Get Free Report) last posted 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 company had revenue of $865.40 million for the quarter, compared to analyst estimates of $858.59 million. During the same period in the prior year, the company posted $2.06 EPS. The firm's revenue for the quarter 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, analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, July 11th. IDEX's dividend payout ratio is 45.88%.

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.