Magnetar Financial LLC Raises Position in IDEX Corporation $IEX

Key Points

• Magnetar Financial LLC increased its stake in IDEX Corporation (NYSE:IEX) by 899.7% during the first quarter, owning approximately 0.07% of the company's shares worth $9,482,000.
• IDEX announced a quarterly dividend of $0.71 per share, with an annualized yield of 1.7% and a dividend payout ratio of 45.88%.
• Analysts have mixed opinions on IDEX, with Citigroup raising its target price to $216.00 and five analysts rating the stock as a "Buy," while one rated it as a "Hold."

Magnetar Financial LLC raised its position in shares of IDEX Corporation (NYSE:IEX - Free Report) by 899.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,395 shares of the industrial products company's stock after acquiring an additional 47,154 shares during the quarter. Magnetar Financial LLC owned about 0.07% of IDEX worth $9,482,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its position in IDEX by 81.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 64 shares during the last quarter. Banque de Luxembourg S.A. bought a new position in shares of IDEX during the 4th quarter worth about $27,000. UMB Bank n.a. boosted its position in shares of IDEX by 63.5% during the 1st quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock worth $41,000 after purchasing an additional 87 shares in the last quarter. Quarry LP bought a new position in shares of IDEX during the 4th quarter worth about $49,000. Finally, SVB Wealth LLC bought a new position in shares of IDEX during the 1st quarter worth about $56,000. Institutional investors own 97.96% of the company's stock.

IDEX Stock Down 0.4%

Shares of IEX traded down $0.71 on Wednesday, reaching $161.44. The company's stock had a trading volume of 260,385 shares, compared to its average volume of 674,579. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $12.15 billion, a PE ratio of 26.08, a PEG ratio of 1.73 and a beta of 1.02. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $238.22. The firm has a fifty day moving average of $172.47 and a 200-day moving average of $177.73.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings data 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. The firm 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. Equities analysts predict that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were paid 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 (DPR) is 45.88%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on IEX. Oppenheimer cut their price objective on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Royal Bank Of Canada cut their price objective on shares of IDEX from $207.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Citigroup increased their price objective on shares of IDEX from $208.00 to $216.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Stifel Nicolaus lowered their target price on shares of IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, DA Davidson set a $180.00 target price on shares of IDEX and gave the stock a "neutral" rating in a report on Monday, August 4th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $201.71.

Insider Buying and Selling

In other IDEX news, CFO Akhil Mahendra sold 250 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $180.89, for a total value of $45,222.50. Following the completion of the sale, the chief financial officer owned 5,035 shares in the company, valued at approximately $910,781.15. This trade represents a 4.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.50% of the company's stock.

IDEX 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.