Korea Investment CORP Sells 19,046 Shares of IDEX Corporation $IEX

Key Points

• Korea Investment CORP reduced its stake in IDEX Corporation by 28.7%, selling 19,046 shares and now owns about 0.06% of the company, valued at approximately $8.54 million.
• IDEX Corporation reported $2.07 EPS for the latest quarter, surpassing estimates, with a year-over-year revenue increase of 7.2%.
• Analysts maintain a "Moderate Buy" rating for IDEX, with an average price target of $201.71, reflecting optimism about future growth.

Korea Investment CORP lessened its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 28.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,208 shares of the industrial products company's stock after selling 19,046 shares during the period. Korea Investment CORP owned approximately 0.06% of IDEX worth $8,543,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IEX. Dimensional Fund Advisors LP increased its position in IDEX by 13.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 640,717 shares of the industrial products company's stock valued at $134,096,000 after acquiring an additional 73,540 shares during the last quarter. Snyder Capital Management L P increased its position in IDEX by 12.2% during the fourth quarter. Snyder Capital Management L P now owns 480,193 shares of the industrial products company's stock valued at $100,500,000 after acquiring an additional 52,259 shares during the last quarter. Amalgamated Bank increased its position in IDEX by 1.0% during the first quarter. Amalgamated Bank now owns 14,731 shares of the industrial products company's stock valued at $2,666,000 after acquiring an additional 141 shares during the last quarter. GAMMA Investing LLC increased its position in IDEX by 49.0% during the first quarter. GAMMA Investing LLC now owns 915 shares of the industrial products company's stock valued at $166,000 after acquiring an additional 301 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in IDEX by 0.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 8,332 shares of the industrial products company's stock valued at $1,508,000 after acquiring an additional 61 shares during the last quarter. Institutional investors own 97.96% of the company's stock.

Insider Activity

In related news, CFO Akhil Mahendra sold 250 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $180.89, for a total value of $45,222.50. Following the transaction, the chief financial officer owned 5,035 shares in the company, valued at approximately $910,781.15. This represents a 4.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by company insiders.

IDEX Stock Performance

IEX stock opened at $168.45 on Friday. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.71 and a beta of 1.04. The firm has a 50-day simple moving average of $173.92 and a two-hundred day simple moving average of $179.34. 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 quick ratio of 2.13 and a current ratio of 3.05.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly 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 net margin of 14.05% and a return on equity of 15.16%. The business had revenue of $865.40 million during the quarter, compared to analyst estimates of $858.59 million. During the same period in the prior year, the firm posted $2.06 earnings per share. The company's quarterly 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. On average, equities analysts forecast that IDEX Corporation will post 8.26 EPS for the current fiscal year.

IDEX Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were issued a dividend of $0.71 per share. The ex-dividend date was Friday, July 11th. This represents a $2.84 annualized dividend and a dividend yield of 1.7%. IDEX's dividend payout ratio is 45.88%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IEX. DA Davidson set a $180.00 price objective on shares of IDEX and gave the company a "neutral" rating in a research report on Monday, August 4th. Mizuho set a $185.00 price objective on shares of IDEX in a research report on Friday, May 16th. Stifel Nicolaus cut their price objective on shares of IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Citigroup upped their price target on shares of IDEX from $208.00 to $216.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Robert W. Baird set a $215.00 price target on shares of IDEX in a report on Friday, May 2nd. 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 company presently has an average rating of "Moderate Buy" and an average price target of $201.71.

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.

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