Interval Partners LP Makes New $32.54 Million Investment in IDEX Corporation $IEX

Key Points

• Interval Partners LP has taken a new $32.54 million position in IDEX Corporation, acquiring approximately 179,779 shares, representing about 0.24% of the company.
• IDEX reported earnings of $2.07 per share for the last quarter, exceeding analysts' expectations, with a revenue of $865.40 million, marking a 7.2% year-over-year growth.
• The company announced a quarterly dividend of $0.71 per share with a dividend yield of 1.7%, and the payout ratio is currently at 45.88%.

Interval Partners LP acquired a new position in shares of IDEX Corporation (NYSE:IEX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 179,779 shares of the industrial products company's stock, valued at approximately $32,535,000. Interval Partners LP owned about 0.24% of IDEX as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Amalgamated Bank increased its holdings in IDEX by 1.0% in the 1st quarter. Amalgamated Bank now owns 14,731 shares of the industrial products company's stock worth $2,666,000 after purchasing an additional 141 shares in the last quarter. GAMMA Investing LLC increased its holdings in IDEX by 49.0% in the 1st quarter. GAMMA Investing LLC now owns 915 shares of the industrial products company's stock worth $166,000 after purchasing an additional 301 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in IDEX by 0.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,332 shares of the industrial products company's stock worth $1,508,000 after purchasing an additional 61 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in IDEX by 14.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 34,569 shares of the industrial products company's stock worth $6,256,000 after purchasing an additional 4,319 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in IDEX by 4.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,139 shares of the industrial products company's stock worth $930,000 after purchasing an additional 214 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IEX. Stifel Nicolaus lowered their target price on IDEX from $238.00 to $204.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Mizuho set a $185.00 target price on IDEX in a report on Friday, May 16th. Oppenheimer lowered their target price on IDEX from $224.00 to $212.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Royal Bank Of Canada decreased their price target on IDEX from $207.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Finally, DA Davidson set a $180.00 price target on IDEX and gave the company a "neutral" rating in a research note on Monday, August 4th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $201.71.

IDEX Trading Down 0.7%

Shares of IDEX stock traded down $1.18 on Wednesday, hitting $160.84. 221,532 shares of the company's stock traded hands, compared to its average volume of 674,615. IDEX Corporation has a one year low of $153.36 and a one year 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 fifty day moving average of $171.14 and a two-hundred day moving average of $176.60. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02.

IDEX (NYSE:IEX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, beating the consensus estimate of $2.00 by $0.07. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The company had revenue of $865.40 million for the quarter, compared to analyst estimates of $858.59 million. During the same quarter in the prior year, the company earned $2.06 EPS. The firm'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, sell-side analysts expect that IDEX Corporation will post 8.26 earnings per share for the current year.

IDEX Dividend Announcement

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

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.