Northwestern Mutual Wealth Management Co. Buys 1,749 Shares of IDEX Corporation $IEX

Northwestern Mutual Wealth Management Co. raised its position in shares of IDEX Corporation (NYSE:IEX - Free Report) by 324.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,288 shares of the industrial products company's stock after purchasing an additional 1,749 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in IDEX were worth $414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allstate Corp grew its position in shares of IDEX by 101.0% during the 1st quarter. Allstate Corp now owns 4,699 shares of the industrial products company's stock worth $850,000 after buying an additional 2,361 shares during the period. Norinchukin Bank The grew its position in shares of IDEX by 13.0% during the 1st quarter. Norinchukin Bank The now owns 3,436 shares of the industrial products company's stock worth $622,000 after buying an additional 394 shares during the period. Credit Agricole S A grew its position in shares of IDEX by 2.0% during the 1st quarter. Credit Agricole S A now owns 29,324 shares of the industrial products company's stock worth $5,307,000 after buying an additional 588 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of IDEX by 44.4% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 5,393 shares of the industrial products company's stock worth $970,000 after buying an additional 1,658 shares during the period. Finally, Groupama Asset Managment acquired a new stake in shares of IDEX during the 1st quarter worth approximately $1,020,000. Institutional investors and hedge funds own 97.96% of the company's stock.

IDEX Stock Down 0.1%

NYSE IEX traded down $0.14 during mid-day trading on Friday, hitting $164.72. The company's stock had a trading volume of 647,510 shares, compared to its average volume of 681,755. The company's 50 day simple moving average is $171.74 and its 200 day simple moving average is $177.04. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $238.22. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.74 and a beta of 1.02.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.07. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The business had revenue of $865.40 million during the quarter, compared to the consensus estimate of $858.59 million. During the same quarter last year, the firm posted $2.06 EPS. IDEX's revenue was up 7.2% compared to the same quarter last year. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. Analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current year.

IDEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were paid 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 dividend payout ratio (DPR) is 45.88%.

Wall Street Analysts Forecast Growth

IEX has been the subject of several recent analyst reports. Oppenheimer reduced their price objective 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. Citigroup raised their price objective on shares of IDEX from $208.00 to $216.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Royal Bank Of Canada reduced their price objective 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. DA Davidson set a $180.00 price objective 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 objective on shares of IDEX in a research report on Friday, May 16th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, IDEX has an average rating of "Moderate Buy" and a consensus price target of $201.71.

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.