HighTower Advisors LLC Has $1.90 Million Holdings in IDEX Corporation $IEX

Key Points

• HighTower Advisors LLC reduced its stake in IDEX Corporation by 16.5%, now holding 10,482 shares valued at approximately $1.9 million.
• Numerous institutional investors, including GAMMA Investing LLC, significantly increased their stakes in IDEX, with GAMMA acquiring 26,868.7% more shares during the first quarter.
• IDEX reported $2.07 earnings per share for the last quarter, exceeding analysts' expectations, alongside a revenue increase of 7.2% year over year.

HighTower Advisors LLC cut its holdings in shares of IDEX Corporation (NYSE:IEX - Free Report) by 16.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,482 shares of the industrial products company's stock after selling 2,064 shares during the period. HighTower Advisors LLC's holdings in IDEX were worth $1,897,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in IDEX by 81.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock worth $26,000 after acquiring an additional 64 shares during the last quarter. Banque de Luxembourg S.A. bought a new position in IDEX in the fourth quarter worth about $27,000. UMB Bank n.a. raised its holdings in shares of IDEX by 63.5% during the first quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock valued at $41,000 after buying an additional 87 shares during the last quarter. Quarry LP bought a new stake in shares of IDEX during the fourth quarter valued at approximately $49,000. Finally, Federated Hermes Inc. raised its holdings in shares of IDEX by 42.9% during the first quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company's stock valued at $60,000 after buying an additional 100 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Trading Down 0.8%

NYSE IEX traded down $1.40 on Thursday, hitting $164.68. 322,814 shares of the stock were exchanged, compared to its average volume of 675,930. IDEX Corporation has a 52-week low of $153.36 and a 52-week high of $238.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.13. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 1.75 and a beta of 1.04. The company's 50-day moving average price is $173.28 and its two-hundred day moving average price is $178.69.

IDEX (NYSE:IEX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.00 by $0.07. The company had revenue of $865.40 million during 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 company's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $2.06 EPS. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. Research analysts predict that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Dividend Announcement

The business also recently announced 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 of this dividend was Friday, July 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.7%. IDEX's dividend payout ratio (DPR) is 45.88%.

Insider Activity

In other IDEX news, CFO Akhil Mahendra sold 250 shares of IDEX stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $180.89, for a total transaction of $45,222.50. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on IEX shares. Mizuho set a $185.00 price target on IDEX in a report on Friday, May 16th. Royal Bank Of Canada cut their price target on IDEX from $207.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Oppenheimer cut their price target on IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Stifel Nicolaus lowered 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, 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. 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $201.71.

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.