Regency Capital Management Inc. DE Invests $871,000 in IDEX Corporation $IEX

Key Points

• Regency Capital Management Inc. DE invested $871,000 in IDEX Corporation during the second quarter, acquiring 4,959 shares of the company's stock.
• IDEX declared a $0.71 quarterly dividend to be paid on October 24th, representing a 1.7% dividend yield with a payout ratio of 45.88%.
• The company's board initiated a $1.00 billion share repurchase plan, allowing the repurchase of up to 8.3% of its stock through open market purchases, indicating they believe the stock is undervalued.

Regency Capital Management Inc. DE acquired a new stake in shares of IDEX Corporation (NYSE:IEX - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,959 shares of the industrial products company's stock, valued at approximately $871,000.

A number of other large investors also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. boosted its position in IDEX by 257.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 143 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 103 shares in the last quarter. American National Bank & Trust purchased a new stake in shares of IDEX during the 2nd quarter worth $25,000. UMB Bank n.a. boosted 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 valued at $41,000 after purchasing an additional 87 shares in the last quarter. Steph & Co. purchased a new position in IDEX in the second quarter valued at about $42,000. Finally, SVB Wealth LLC bought a new position in IDEX in the first quarter worth about $56,000. Institutional investors own 97.96% of the company's stock.

IDEX Stock Up 0.0%

IDEX stock opened at $167.04 on Tuesday. The business's 50-day simple moving average is $163.37 and its two-hundred day simple moving average is $173.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.13 and a current ratio of 3.05. The company has a market cap of $12.58 billion, a PE ratio of 26.99, a PEG ratio of 1.76 and a beta of 1.04. IDEX Corporation has a fifty-two week low of $153.36 and a fifty-two week high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last released its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, topping analysts' consensus estimates of $2.00 by $0.07. The firm had revenue of $865.40 million during the quarter, compared to the consensus estimate of $858.59 million. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The company's revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company 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 anticipate that IDEX Corporation will post 8.26 EPS for the current year.

IDEX declared that its board has initiated a share repurchase plan on Thursday, September 18th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to repurchase up to 8.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

IDEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be paid a $0.71 dividend. The ex-dividend date is Friday, October 10th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.7%. IDEX's dividend payout ratio is presently 45.88%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IEX. Oppenheimer cut 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 target on IDEX and gave the stock a "neutral" rating in a research report on Monday, August 4th. Citigroup increased their price objective on IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a report on Monday, July 14th. Weiss Ratings restated a "hold (c-)" rating on shares of IDEX in a research note on Saturday, September 27th. Finally, Royal Bank Of Canada reduced their target price on IDEX from $207.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, IDEX presently has an average rating of "Moderate Buy" and an average target price of $201.71.

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.

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