MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 19,112 Shares of IDEX Corporation $IEX

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has reduced its stake in IDEX Corporation by 3.6%, selling 19,112 shares during the first quarter and now holding approximately 0.68% of the company.
• IDEX Corporation reported quarterly earnings of $2.07 per share, exceeding analyst expectations and reflecting a 7.2% revenue increase year-over-year.
• The company recently declared a quarterly dividend of $0.71 per share, with an annualized dividend yield of 1.7% and a payout ratio of 45.88%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 510,333 shares of the industrial products company's stock after selling 19,112 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.68% of IDEX worth $92,355,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its position in IDEX by 81.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock worth $26,000 after buying an additional 64 shares during the last quarter. UMB Bank n.a. grew its stake in 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 acquiring an additional 87 shares during the last quarter. SVB Wealth LLC acquired a new stake in IDEX in the 1st quarter valued at about $56,000. Federated Hermes Inc. grew its stake in IDEX by 42.9% in the 1st quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company's stock valued at $60,000 after acquiring an additional 100 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new stake in IDEX in the 4th quarter valued at about $86,000. Hedge funds and other institutional investors own 97.96% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on IEX. Stifel Nicolaus cut their price target 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. Royal Bank Of Canada decreased their price target on shares of IDEX from $207.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Oppenheimer decreased their price target on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. DA Davidson set a $180.00 price target on shares of IDEX and gave the stock a "neutral" rating in a research report on Monday, August 4th. Finally, Mizuho set a $185.00 price target on shares of IDEX in a research report on Friday, May 16th. 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, IDEX currently has an average rating of "Moderate Buy" and a consensus price target of $201.71.

IDEX Trading Up 2.4%

Shares of IEX stock traded up $3.87 on Thursday, hitting $164.04. The company had a trading volume of 313,651 shares, compared to its average volume of 675,821. The firm has a market cap of $12.35 billion, a P/E ratio of 26.51, a P/E/G ratio of 1.71 and a beta of 1.02. The stock's 50-day moving average is $170.70 and its two-hundred day moving average is $176.49. 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 Corporation has a twelve month low of $153.36 and a twelve month high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last announced 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 analyst estimates of $858.59 million. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The company'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 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 research analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a $0.71 dividend. 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 presently 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.