Quantbot Technologies LP Purchases 53,343 Shares of IDEX Corporation $IEX

Key Points

• Quantbot Technologies LP significantly increased its stake in IDEX Corporation by 480.4%, owning approximately 64,446 shares valued at $11.66 million.
• IDEX Corporation reported earnings per share of $2.07 for the last quarter, surpassing analysts' expectations and indicating revenue growth of 7.2% year-over-year.
• The company announced a quarterly dividend of $0.71, consistent with a yield of 1.7%, and a reported dividend payout ratio of 45.88%.

Quantbot Technologies LP increased its position in shares of IDEX Corporation (NYSE:IEX - Free Report) by 480.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,446 shares of the industrial products company's stock after purchasing an additional 53,343 shares during the quarter. Quantbot Technologies LP owned approximately 0.09% of IDEX worth $11,663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in IDEX by 13.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 640,717 shares of the industrial products company's stock worth $134,096,000 after purchasing an additional 73,540 shares during the last quarter. Snyder Capital Management L P boosted its holdings in IDEX by 12.2% during the fourth quarter. Snyder Capital Management L P now owns 480,193 shares of the industrial products company's stock worth $100,500,000 after purchasing an additional 52,259 shares during the last quarter. Amalgamated Bank boosted its stake in IDEX by 1.0% in the first quarter. Amalgamated Bank now owns 14,731 shares of the industrial products company's stock valued at $2,666,000 after acquiring an additional 141 shares during the last quarter. GAMMA Investing LLC grew its position in shares of IDEX by 49.0% during the 1st quarter. GAMMA Investing LLC now owns 915 shares of the industrial products company's stock valued at $166,000 after acquiring an additional 301 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in shares of IDEX by 0.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,332 shares of the industrial products company's stock valued at $1,508,000 after acquiring an additional 61 shares during the period. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IEX. Robert W. Baird set a $215.00 price objective on shares of IDEX in a research note on Friday, May 2nd. Oppenheimer lowered their price objective on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a research 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 research report on Monday, August 4th. Citigroup raised their price objective on shares of IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Stifel Nicolaus decreased their target price on shares of IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $201.71.

Insider Buying and Selling

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

IDEX Trading Up 3.7%

Shares of IEX stock traded up $6.07 during mid-day trading on Friday, reaching $168.45. The stock had a trading volume of 1,228,877 shares, compared to its average volume of 887,569. The stock's 50-day moving average price is $173.92 and its two-hundred day moving average price is $179.34. IDEX Corporation has a 52-week low of $153.36 and a 52-week high of $238.22. The firm has a market capitalization of $12.68 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 1.71 and a beta of 1.04. 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 released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.00 by $0.07. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The firm had revenue of $865.40 million for the quarter, compared to analysts' expectations of $858.59 million. During the same quarter in the previous year, the company earned $2.06 earnings per share. The company's revenue for the quarter 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. Equities analysts expect that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Dividend Announcement

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

IDEX 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.