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. lowered its stake in shares of IDEX Corporation (NYSE:IEX - Free Report) by 3.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 approximately 0.68% of IDEX worth $92,355,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in IEX. Mercer Global Advisors Inc. ADV grew its holdings in IDEX by 3.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 6,205 shares of the industrial products company's stock worth $1,299,000 after acquiring an additional 205 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of IDEX during the 4th quarter worth approximately $14,138,000. Captrust Financial Advisors grew its position in shares of IDEX by 3.7% during the 4th quarter. Captrust Financial Advisors now owns 15,607 shares of the industrial products company's stock worth $3,266,000 after buying an additional 563 shares during the period. Cetera Investment Advisers grew its position in shares of IDEX by 18.4% during the 4th quarter. Cetera Investment Advisers now owns 4,867 shares of the industrial products company's stock worth $1,019,000 after buying an additional 758 shares during the period. Finally, Deutsche Bank AG grew its position in shares of IDEX by 20.0% during the 4th quarter. Deutsche Bank AG now owns 463,351 shares of the industrial products company's stock worth $96,975,000 after buying an additional 77,257 shares during the period. Institutional investors own 97.96% of the company's stock.

IDEX Stock Down 0.1%

IDEX stock opened at $164.72 on Friday. The stock has a market capitalization of $12.40 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 1.74 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 company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $171.74 and a 200-day moving average of $177.19.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings results 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 company had revenue of $865.40 million during the quarter, compared to analysts' expectations 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 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 EPS for the current fiscal year.

IDEX Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on IEX shares. Royal Bank Of Canada lowered 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 objective on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. DA Davidson set a $180.00 price objective on shares of IDEX and gave the company a "neutral" rating in a report on Monday, August 4th. Citigroup boosted their price objective on shares of IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Mizuho set a $185.00 price objective on shares of IDEX in a report on Friday, May 16th. Five equities research 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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