MBB Public Markets I LLC Purchases New Position in IDEX Corporation $IEX

Key Points

• MBB Public Markets I LLC acquired a new stake in IDEX Corporation, purchasing 1,712 shares valued at approximately $310,000 during the 1st quarter.
• Hedge fund ownership is significant, with 97.96% of the stock currently held by institutional investors, indicating strong market confidence in IDEX.
• IDEX Corporation reported an EPS of $2.07 for the last quarter, exceeding analyst estimates, and projects an EPS guidance of 1.900-1.950 for Q3 2025.

MBB Public Markets I LLC purchased a new position in shares of IDEX Corporation (NYSE:IEX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,712 shares of the industrial products company's stock, valued at approximately $310,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. MassMutual Private Wealth & Trust FSB grew its position in IDEX by 81.0% in 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. UMB Bank n.a. boosted its stake in shares of IDEX by 63.5% in the 1st quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 87 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of IDEX during the 1st quarter valued at approximately $56,000. Federated Hermes Inc. increased its position in IDEX by 42.9% during the 1st quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company's stock worth $60,000 after purchasing an additional 100 shares in the last quarter. Finally, Orion Capital Management LLC bought a new position in IDEX in the 4th quarter valued at approximately $86,000. 97.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Royal Bank Of Canada decreased their target price on shares of IDEX from $207.00 to $200.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Mizuho set a $185.00 price objective on IDEX in a report on Friday, May 16th. DA Davidson set a $180.00 price objective on IDEX and gave the stock a "neutral" rating in a research report on Monday, August 4th. Citigroup increased their target price on IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Stifel Nicolaus cut their price target on IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $201.71.

IDEX Trading Down 2.3%

NYSE IEX traded down $3.83 during trading hours on Friday, hitting $160.66. 394,416 shares of the company's stock were exchanged, compared to its average volume of 657,390. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.73 and a beta of 1.02. The stock has a 50-day simple moving average of $169.95 and a 200 day simple moving average of $175.88. 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 1-year low of $153.36 and a 1-year high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share for the quarter, beating the consensus estimate 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 net margin of 14.05% and a return on equity of 15.16%. The business's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.06 earnings per share. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, July 11th. IDEX's dividend payout ratio (DPR) is currently 45.88%.

About IDEX

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.