IDEX Corporation $IEX Shares Sold by NFJ Investment Group LLC

Key Points

• NFJ Investment Group LLC has decreased its holdings in IDEX Corporation by 26.8%, now owning 14,824 shares valued at approximately $2.68 million.
• Several institutional investors have increased their stakes in IDEX during the last quarter, including Deutsche Bank AG, which raised its stake by 20%, acquiring an additional 77,257 shares.
• IDEX reported earnings of $2.07 per share for the last quarter, exceeding analysts' estimates, with revenues up 7.2% compared to the previous year, and has announced a quarterly dividend of $0.71.

NFJ Investment Group LLC lowered its stake in shares of IDEX Corporation (NYSE:IEX - Free Report) by 26.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 14,824 shares of the industrial products company's stock after selling 5,422 shares during the period. NFJ Investment Group LLC's holdings in IDEX were worth $2,683,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of 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 purchasing an additional 64 shares during the period. UMB Bank n.a. grew its stake in shares of IDEX by 63.5% in the first quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock worth $41,000 after acquiring an additional 87 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of IDEX in the first quarter worth $56,000. Federated Hermes Inc. grew its stake in shares of IDEX by 42.9% in the first quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company's stock worth $60,000 after acquiring an additional 100 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new position in shares of IDEX in the fourth quarter worth $86,000. Hedge funds and other institutional investors own 97.96% of the company's stock.

IDEX Stock Performance

IEX traded up $3.99 on Thursday, reaching $164.16. The company had a trading volume of 347,848 shares, compared to its average volume of 675,989. The company has a quick ratio of 2.13, a current ratio of 3.05 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. The stock has a market capitalization of $12.36 billion, a PE ratio of 26.52, a P/E/G ratio of 1.71 and a beta of 1.02. The stock has a 50-day moving average price of $170.70 and a 200-day moving average price of $176.49.

IDEX (NYSE:IEX - Get Free Report) last posted its 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 business had revenue of $865.40 million during the quarter, compared to the consensus estimate of $858.59 million. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The business's quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business 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. As a group, research analysts forecast that IDEX Corporation will post 8.26 EPS for the current fiscal year.

IDEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a dividend of $0.71 per share. The ex-dividend date was Friday, July 11th. This represents a $2.84 annualized dividend and a yield of 1.7%. IDEX's payout ratio is presently 45.88%.

Analysts Set New Price Targets

IEX has been the subject of several research reports. Oppenheimer dropped their price target on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Mizuho set a $185.00 price target on shares of IDEX in a research note on Friday, May 16th. Stifel Nicolaus lowered their price target on shares of IDEX from $238.00 to $204.00 and set a "buy" 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. Finally, Royal Bank Of Canada lowered their target price on shares of IDEX from $207.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.