29,231 Shares in IDEX Corporation $IEX Purchased by Jump Financial LLC

Key Points

• Jump Financial LLC has purchased 29,231 shares of IDEX Corporation, valued at approximately $5.29 million, during the first quarter.
• IDEX's recent earnings report showed an EPS of $2.07, beating expectations, with a revenue increase of 7.2% compared to the previous year.
• The company declared a quarterly dividend of $0.71, contributing to an annualized dividend yield of 1.7%.

Jump Financial LLC acquired a new position in shares of IDEX Corporation (NYSE:IEX - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 29,231 shares of the industrial products company's stock, valued at approximately $5,290,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in IDEX by 19.7% during the first quarter. Wellington Management Group LLP now owns 5,050,601 shares of the industrial products company's stock worth $914,007,000 after acquiring an additional 831,005 shares during the period. Impax Asset Management Group plc grew its holdings in IDEX by 11.5% during the first quarter. Impax Asset Management Group plc now owns 2,006,724 shares of the industrial products company's stock worth $363,157,000 after acquiring an additional 207,172 shares during the period. Invesco Ltd. grew its holdings in IDEX by 15.4% during the first quarter. Invesco Ltd. now owns 1,545,463 shares of the industrial products company's stock worth $279,682,000 after acquiring an additional 206,633 shares during the period. Fenimore Asset Management Inc grew its holdings in IDEX by 2.0% during the first quarter. Fenimore Asset Management Inc now owns 855,951 shares of the industrial products company's stock worth $154,901,000 after acquiring an additional 16,444 shares during the period. Finally, Northern Trust Corp grew its holdings in IDEX by 17.8% during the fourth quarter. Northern Trust Corp now owns 793,622 shares of the industrial products company's stock worth $166,097,000 after acquiring an additional 120,022 shares during the period. Institutional investors and hedge funds own 97.96% of the company's stock.

Insiders Place Their Bets

In related news, CFO Akhil Mahendra sold 250 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $180.89, for a total transaction of $45,222.50. Following the transaction, the chief financial officer directly owned 5,035 shares in the company, valued at approximately $910,781.15. This represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. DA Davidson set a $180.00 target price on IDEX and gave the company a "neutral" rating in a report on Monday, August 4th. Oppenheimer lowered their target price 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 target price on IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Mizuho set a $185.00 target price on IDEX in a report on Friday, May 16th. Finally, Robert W. Baird set a $215.00 target price on IDEX in a report on Friday, May 2nd. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $201.71.

IDEX Price Performance

Shares of NYSE:IEX traded down $0.79 on Friday, hitting $164.43. The company had a trading volume of 445,723 shares, compared to its average volume of 782,680. 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 52-week low of $153.36 and a 52-week high of $238.22. The business has a 50 day moving average of $172.91 and a 200 day moving average of $178.16. The company has a market cap of $12.38 billion, a PE ratio of 26.56, a PEG ratio of 1.73 and a beta of 1.04.

IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share (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 business had revenue of $865.40 million for the quarter, compared to the consensus estimate of $858.59 million. During the same period in the prior year, the business earned $2.06 earnings per share. The business's revenue 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. As a group, equities analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a dividend of $0.71 per share. The ex-dividend date was Friday, July 11th. This represents a $2.84 annualized dividend and a yield of 1.7%. IDEX's dividend payout ratio 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.