Petrus Trust Company LTA Acquires Shares of 2,097 IDEX Corporation $IEX

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 purchased a new position in shares of IDEX Corporation (NYSE:IEX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,097 shares of the industrial products company's stock, valued at approximately $379,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of IEX. MassMutual Private Wealth & Trust FSB increased its position in IDEX by 81.0% during the first 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 last quarter. UMB Bank n.a. increased its position in IDEX by 63.5% during the first quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock worth $41,000 after purchasing an additional 87 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of IDEX in the first quarter worth $56,000. Federated Hermes Inc. raised its stake in shares of IDEX by 42.9% in the 1st quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company's stock valued at $60,000 after acquiring an additional 100 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of IDEX by 970.7% in the 1st quarter. Versant Capital Management Inc now owns 439 shares of the industrial products company's stock valued at $79,000 after acquiring an additional 398 shares during the period. Institutional investors and hedge funds own 97.96% of the company's stock.

IDEX Stock Down 2.3%

IEX traded down $3.83 during trading hours on Friday, reaching $160.66. 394,416 shares of the stock traded hands, compared to its average volume of 657,390. The firm's fifty day simple moving average is $169.95 and its two-hundred day simple moving average is $175.88. The company has a market cap of $12.10 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.73 and a beta of 1.02. IDEX Corporation has a fifty-two week low of $153.36 and a fifty-two week high of $238.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.13.

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 analysts' consensus estimates of $2.00 by $0.07. The business had revenue of $865.40 million during the quarter, compared to analyst estimates of $858.59 million. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The business's revenue was up 7.2% on a year-over-year basis. During the same period last 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, analysts forecast that IDEX Corporation will post 8.26 earnings per share for the current fiscal 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. This represents a $2.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, July 11th. IDEX's dividend payout ratio is 45.88%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada cut their target price on shares of IDEX from $207.00 to $200.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Stifel Nicolaus cut their target price on shares of IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Oppenheimer cut their target price on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Citigroup raised their target price on shares of IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, Mizuho set a $185.00 target price on shares of IDEX in a research note on Friday, May 16th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, 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.