MBB Public Markets I LLC Makes New $310,000 Investment 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) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,712 shares of the industrial products company's stock, valued at approximately $310,000.

A number of other institutional investors have also recently bought and sold shares of IEX. Wellington Management Group LLP boosted its stake 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 buying an additional 831,005 shares in the last quarter. Millennium Management LLC boosted its stake in IDEX by 1,232.4% during the first quarter. Millennium Management LLC now owns 487,274 shares of the industrial products company's stock worth $88,182,000 after buying an additional 450,704 shares in the last quarter. Flossbach Von Storch SE acquired a new stake in IDEX during the first quarter worth $49,815,000. Amundi boosted its stake in IDEX by 23.4% during the first quarter. Amundi now owns 1,249,546 shares of the industrial products company's stock worth $220,849,000 after buying an additional 236,650 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its stake in shares of IDEX by 11.5% in the 1st quarter. Impax Asset Management Group plc now owns 2,006,724 shares of the industrial products company's stock valued at $363,157,000 after purchasing an additional 207,172 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

Analyst Upgrades and Downgrades

IEX has been the topic of several recent analyst reports. Citigroup boosted their target price on shares of IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Royal Bank Of Canada reduced 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. Oppenheimer reduced their target price on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. DA Davidson set a $180.00 target price on shares of IDEX and gave the company a "neutral" rating in a research note on Monday, August 4th. Finally, Stifel Nicolaus reduced their target price on shares of IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $201.71.

IDEX Price Performance

NYSE IEX traded up $0.63 on Tuesday, hitting $161.79. 128,562 shares of the company were exchanged, compared to its average volume of 673,442. The firm has a 50 day moving average of $169.58 and a two-hundred day moving average of $175.52. The company has a market cap of $12.18 billion, a P/E ratio of 26.14, a P/E/G ratio of 1.69 and a beta of 1.02. 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 issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.07. The business had revenue of $865.40 million for the quarter, compared to the consensus estimate of $858.59 million. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The firm's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, equities analysts predict that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, July 11th. IDEX's payout ratio is currently 45.88%.

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.