IDEX Corporation $IEX Shares Sold by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. significantly reduced its stake in IDEX Corporation by 39.2% during the first quarter, now owning 102,789 shares valued at approximately $18.6 million.
• IDEX Corporation recently reported a quarterly earnings per share (EPS) of $2.07, slightly exceeding analysts' expectations and marking a 7.2% increase in revenue year-over-year.
• Analysts have set varied price targets for IDEX, with recent estimates ranging from $180 to $216, and the stock currently holds a consensus rating of "Moderate Buy".

Raymond James Financial Inc. trimmed its holdings in shares of IDEX Corporation (NYSE:IEX - Free Report) by 39.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,789 shares of the industrial products company's stock after selling 66,236 shares during the quarter. Raymond James Financial Inc. owned approximately 0.14% of IDEX worth $18,602,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Flossbach Von Storch SE acquired a new stake in shares of IDEX during the first quarter worth $49,815,000. Impax Asset Management Group plc lifted its position in IDEX by 11.5% during the first quarter. Impax Asset Management Group plc now owns 2,006,724 shares of the industrial products company's stock valued at $363,157,000 after purchasing an additional 207,172 shares during the period. Invesco Ltd. lifted its position in IDEX by 15.4% during the first quarter. Invesco Ltd. now owns 1,545,463 shares of the industrial products company's stock valued at $279,682,000 after purchasing an additional 206,633 shares during the period. GAMMA Investing LLC lifted its position in IDEX by 26,868.7% during the first quarter. GAMMA Investing LLC now owns 165,588 shares of the industrial products company's stock valued at $299,660,000 after purchasing an additional 164,974 shares during the period. Finally, Nuveen LLC acquired a new position in IDEX during the first quarter valued at $27,794,000. 97.96% of the stock is owned by hedge funds and other institutional investors.

IDEX Stock Performance

NYSE:IEX traded down $2.40 during trading hours on Tuesday, reaching $162.10. 839,210 shares of the company's stock were exchanged, compared to its average volume of 688,504. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 26.19, a P/E/G ratio of 1.73 and a beta of 1.02. The company has a 50-day moving average of $172.47 and a 200 day moving average of $177.73. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 1-year low of $153.36 and a 1-year high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings results 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. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The firm had revenue of $865.40 million during the quarter, compared to analysts' expectations of $858.59 million. During the same quarter in the prior year, the business earned $2.06 EPS. IDEX's quarterly 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. Research analysts anticipate that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a $0.71 dividend. 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 (DPR) is 45.88%.

Insider Activity at IDEX

In other news, CFO Akhil Mahendra sold 250 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $180.89, for a total value of $45,222.50. Following the completion of the sale, the chief financial officer owned 5,035 shares in the company, valued at approximately $910,781.15. This trade represents a 4.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Oppenheimer decreased 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. Royal Bank Of Canada cut their target price on shares of IDEX from $207.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Citigroup boosted their target price on shares of IDEX from $208.00 to $216.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Mizuho set a $185.00 price objective on shares of IDEX in a research note on Friday, May 16th. Finally, DA Davidson set a $180.00 price objective on shares of IDEX and gave the company a "neutral" rating in a research note on Monday, August 4th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.