Interval Partners LP Invests $32.54 Million 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 IDEX Corporation (NYSE:IEX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 179,779 shares of the industrial products company's stock, valued at approximately $32,535,000. Interval Partners LP owned approximately 0.24% of IDEX at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IEX. Amalgamated Bank increased its position 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 during the last quarter. GAMMA Investing LLC increased its position 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 during the last quarter. Oppenheimer Asset Management Inc. increased its position 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 during the last quarter. Asset Management One Co. Ltd. increased its position 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 during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position 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 during the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IEX has been the topic of several research reports. DA Davidson set a $180.00 target price on IDEX and gave the stock a "neutral" rating in a research report on Monday, August 4th. Citigroup upped their target price on IDEX from $208.00 to $216.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Stifel Nicolaus dropped their target price on IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Oppenheimer lowered their price objective on IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Finally, Mizuho set a $185.00 price objective on IDEX in a report on Friday, May 16th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $201.71.

IDEX Stock Performance

IEX traded down $0.14 during midday trading on Friday, reaching $164.72. The company's stock had a trading volume of 647,510 shares, compared to its average volume of 682,175. The stock has a market cap of $12.40 billion, a P/E ratio of 26.61, a PEG ratio of 1.74 and a beta of 1.02. The company has a fifty day simple moving average of $171.74 and a 200 day simple moving average of $176.91. 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 Corporation has a twelve month low of $153.36 and a twelve month high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last released 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 firm had revenue of $865.40 million for the quarter, compared to analyst estimates of $858.59 million. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The company's revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm 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 expect that IDEX Corporation will post 8.26 earnings per share for the current year.

IDEX Announces Dividend

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