IDEX Corporation $IEX Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. has reduced its stake in IDEX Corporation by 3.4%, now owning 44,831 shares worth approximately $8.11 million.
• IDEX reported earnings of $2.07 per share for the recent quarter, beating estimates and showing a 7.2% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.71 per share, resulting in an annual dividend yield of 1.7% and a payout ratio of 45.88%.

Russell Investments Group Ltd. trimmed its position in IDEX Corporation (NYSE:IEX - Free Report) by 3.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,831 shares of the industrial products company's stock after selling 1,573 shares during the quarter. Russell Investments Group Ltd. owned about 0.06% of IDEX worth $8,113,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Alps Advisors Inc. increased its holdings in shares of IDEX by 1.0% in the first quarter. Alps Advisors Inc. now owns 5,990 shares of the industrial products company's stock worth $1,084,000 after purchasing an additional 60 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in IDEX by 1.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,925 shares of the industrial products company's stock worth $1,031,000 after acquiring an additional 61 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in IDEX by 0.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 8,332 shares of the industrial products company's stock worth $1,508,000 after acquiring an additional 61 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake 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 acquiring an additional 64 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC increased its stake in IDEX by 3.2% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 2,127 shares of the industrial products company's stock worth $445,000 after acquiring an additional 66 shares during the last quarter. 97.96% of the stock is owned by institutional investors.

IDEX Stock Down 0.9%

IDEX stock traded down $1.5240 during mid-day trading on Monday, reaching $167.0360. 32,231 shares of the company were exchanged, compared to its average volume of 675,320. The business has a fifty day moving average of $173.92 and a 200 day moving average of $179.08. 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 firm has a market cap of $12.58 billion, a P/E ratio of 26.99, a PEG ratio of 1.78 and a beta of 1.04. IDEX Corporation has a 12-month low of $153.36 and a 12-month high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last posted its 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. The company had revenue of $865.40 million during the quarter, compared to analyst estimates of $858.59 million. IDEX had a return on equity of 15.16% and a net margin of 14.05%.IDEX's revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. Research analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were given 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 dividend payout ratio is presently 45.88%.

Insider Activity

In other news, CFO Akhil Mahendra sold 250 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $180.89, for a total transaction of $45,222.50. Following the transaction, the chief financial officer directly owned 5,035 shares of the company's stock, valued at approximately $910,781.15. This represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IEX. Stifel Nicolaus reduced their price objective on IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Royal Bank Of Canada dropped their target price on IDEX from $207.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. DA Davidson set a $180.00 target price on IDEX and gave the company a "neutral" rating in a research report on Monday, August 4th. Mizuho set a $185.00 target price on IDEX in a research report on Friday, May 16th. Finally, Oppenheimer dropped their target price on IDEX from $224.00 to $212.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, IDEX 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.