Nuveen LLC Acquires New Shares in IDEX Corporation $IEX

Nuveen LLC purchased a new position in IDEX Corporation (NYSE:IEX - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 153,585 shares of the industrial products company's stock, valued at approximately $27,794,000. Nuveen LLC owned approximately 0.20% of IDEX as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Aigen Investment Management LP acquired a new position in IDEX in the first quarter worth about $825,000. Entropy Technologies LP acquired a new position in IDEX in the first quarter valued at approximately $1,462,000. Invesco Ltd. boosted its stake in IDEX by 15.4% in the first quarter. Invesco Ltd. now owns 1,545,463 shares of the industrial products company's stock valued at $279,682,000 after acquiring an additional 206,633 shares during the period. National Bank of Canada FI boosted its stake in IDEX by 60.4% in the first quarter. National Bank of Canada FI now owns 57,561 shares of the industrial products company's stock valued at $10,417,000 after acquiring an additional 21,686 shares during the period. Finally, Citigroup Inc. boosted its stake in IDEX by 64.4% in the first quarter. Citigroup Inc. now owns 79,816 shares of the industrial products company's stock valued at $14,444,000 after acquiring an additional 31,256 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Price Performance

NYSE:IEX traded down $2.0660 during midday trading on Thursday, hitting $162.4040. 493,623 shares of the stock were exchanged, compared to its average volume of 673,910. IDEX Corporation has a one year low of $153.36 and a one year high of $238.22. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 1.75 and a beta of 1.04. The business has a 50-day moving average price of $174.51 and a two-hundred day moving average price of $180.08. 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 (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. The company had revenue of $865.40 million for the quarter, compared to analysts' expectations of $858.59 million. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The firm's 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. Sell-side analysts predict that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Announces Dividend

The company also recently disclosed 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. This represents a $2.84 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, July 11th. IDEX's payout ratio is presently 45.88%.

Insiders Place Their Bets

In other news, CFO Akhil Mahendra sold 250 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $180.89, for a total transaction of $45,222.50. Following the transaction, the chief financial officer directly owned 5,035 shares in the company, valued at $910,781.15. The trade was a 4.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.50% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on IEX shares. Stifel Nicolaus decreased their target price on IDEX from $238.00 to $204.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Oppenheimer cut their price target on IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. DA Davidson set a $180.00 price target on IDEX and gave the company a "neutral" rating in a report on Monday, August 4th. Robert W. Baird set a $215.00 price target on IDEX in a report on Friday, May 2nd. Finally, Royal Bank Of Canada cut their price target on IDEX from $207.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, IDEX has an average rating of "Moderate Buy" and a consensus 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.