2,097 Shares in IDEX Corporation $IEX Purchased by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA recently acquired 2,097 shares of IDEX Corporation, valued at approximately $379,000.
• In the 1st quarter, several institutional investors significantly increased their stakes in IDEX, with Wellington Management Group LLP expanding its holdings by 19.7% to over 5 million shares.
• IDEX has a consensus rating of "Moderate Buy" among analysts, with a current target price of $201.71 and a recent quarterly earnings report that exceeded expectations.

Petrus Trust Company LTA acquired a new stake in shares of IDEX Corporation (NYSE:IEX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,097 shares of the industrial products company's stock, valued at approximately $379,000.

A number of other large investors have also recently made changes to their positions in IEX. MassMutual Private Wealth & Trust FSB grew its holdings in shares of IDEX by 81.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock valued at $26,000 after buying an additional 64 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of IDEX by 63.5% during the first quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock valued at $41,000 after buying an additional 87 shares during the last quarter. SVB Wealth LLC purchased a new stake in IDEX in the first quarter valued at $56,000. Federated Hermes Inc. boosted its holdings in IDEX by 42.9% in the first quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company's stock valued at $60,000 after purchasing an additional 100 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in IDEX by 970.7% in the first quarter. Versant Capital Management Inc now owns 439 shares of the industrial products company's stock valued at $79,000 after purchasing an additional 398 shares during the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Price Performance

Shares of IDEX stock traded down $3.83 during trading hours on Friday, reaching $160.66. The stock had a trading volume of 394,416 shares, compared to its average volume of 657,390. The stock's 50 day moving average is $169.95 and its 200 day moving average is $176.02. The firm has a market capitalization of $12.10 billion, a PE ratio of 25.96, a PEG ratio of 1.73 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 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 issued its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 14.05% and a return on equity of 15.16%. The company's revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Equities analysts expect that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, July 11th. IDEX's dividend payout ratio is 45.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup upped their price target on shares of IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a report on Monday, July 14th. Mizuho set a $185.00 price target on shares of IDEX in a report on Friday, May 16th. DA Davidson set a $180.00 price target on shares of IDEX and gave the company a "neutral" rating in a report on Monday, August 4th. Oppenheimer lowered their price target on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Finally, Stifel Nicolaus lowered 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. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus 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.