Aberdeen Group plc Has $10.35 Million Stock Holdings in IDEX Corporation $IEX

Key Points

• Aberdeen Group plc increased its holdings in IDEX Corporation by 15.1%, owning approximately 0.08% of the company worth $10.34 million as of its latest SEC filing.
• Several analysts have adjusted their price targets for IDEX, with the average target price now at $201.71 and a total of five analysts rating the stock as a Buy.
• IDEX Corporation reported Q2 earnings of $2.07 per share, exceeding estimates, with year-over-year revenue growth of 7.2% and a quarterly dividend yield of 1.7% announced.

Aberdeen Group plc grew its stake in IDEX Corporation (NYSE:IEX - Free Report) by 15.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,806 shares of the industrial products company's stock after purchasing an additional 7,603 shares during the period. Aberdeen Group plc owned about 0.08% of IDEX worth $10,349,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Mariner LLC lifted its position in shares of IDEX by 7.2% in the 4th quarter. Mariner LLC now owns 9,127 shares of the industrial products company's stock worth $1,910,000 after acquiring an additional 612 shares during the period. Guggenheim Capital LLC boosted its position in shares of IDEX by 16.3% during the 4th quarter. Guggenheim Capital LLC now owns 1,256 shares of the industrial products company's stock valued at $263,000 after acquiring an additional 176 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in IDEX by 54.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 11,627 shares of the industrial products company's stock valued at $2,433,000 after acquiring an additional 4,100 shares during the period. Commerce Bank raised its position in IDEX by 2.9% in the fourth quarter. Commerce Bank now owns 3,554 shares of the industrial products company's stock worth $744,000 after purchasing an additional 99 shares in the last quarter. Finally, Forum Financial Management LP acquired a new stake in IDEX during the fourth quarter valued at approximately $269,000. Institutional investors and hedge funds own 97.96% of the company's stock.

IDEX Trading Down 0.9%

Shares of NYSE:IEX traded down $1.5270 during mid-day trading on Monday, reaching $167.0330. The stock had a trading volume of 41,794 shares, compared to its average volume of 675,404. The firm has a 50 day simple moving average of $173.92 and a two-hundred day simple moving average of $179.08. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $238.22. The firm has a market cap of $12.58 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 1.78 and a beta of 1.04. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.46.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings results 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. 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%. The business's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm 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 declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, July 11th. IDEX's dividend payout ratio is 45.88%.

Analysts Set New Price Targets

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

Insider Activity

In other IDEX 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 sale, the chief financial officer owned 5,035 shares of the company's stock, valued at $910,781.15. This trade represents a 4.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.50% of the stock is owned by corporate insiders.

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.