Squarepoint Ops LLC Has $805,000 Holdings in IDEX Corporation $IEX

Key Points

• Squarepoint Ops LLC cut its IDEX stake by 93.3% in the second quarter, selling 49,364 shares and retaining 3,547 shares worth approximately $805,000. Institutional investors collectively own 97.96% of IDEX stock.
• Analysts remain broadly positive, with nine Buy ratings and two Holds; IDEX has a consensus “Moderate Buy” rating and an average price target of $260.27.
• IDEX exceeded quarterly expectations, reporting $2.32 in EPS and $920.6 million in revenue, while revenue rose 6.4% year over year. The company also declared a quarterly dividend of $0.73 per share, representing a 1.3% yield.

Squarepoint Ops LLC lessened its stake in IDEX Corporation (NYSE:IEX - Free Report) by 93.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,547 shares of the industrial products company's stock after selling 49,364 shares during the quarter. Squarepoint Ops LLC's holdings in IDEX were worth $805,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in shares of IDEX by 4.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company's stock worth $274,000 after buying an additional 56 shares during the period. Evolve Private Wealth LLC grew its holdings in IDEX by 2.8% during the first quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company's stock valued at $403,000 after purchasing an additional 58 shares during the period. Sanctuary Advisors LLC increased its stake in IDEX by 2.6% in the first quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company's stock valued at $463,000 after purchasing an additional 62 shares in the last quarter. Allworth Financial LP increased its stake in IDEX by 9.4% in the second quarter. Allworth Financial LP now owns 722 shares of the industrial products company's stock valued at $164,000 after purchasing an additional 62 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in IDEX by 39.3% in the second quarter. Parkside Financial Bank & Trust now owns 227 shares of the industrial products company's stock worth $52,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 97.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of IDEX from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. Citigroup upped their price target on shares of IDEX from $252.00 to $269.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Vertical Research initiated coverage on IDEX in a research report on Tuesday, September 8th. They set a "buy" rating and a $250.00 price objective for the company. Royal Bank Of Canada increased their target price on shares of IDEX from $261.00 to $280.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Finally, TD Cowen raised their target price on shares of IDEX from $260.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, IDEX presently has a consensus rating of "Moderate Buy" and an average price target of $260.27.

IDEX Stock Up 0.8%

Shares of IEX opened at $223.68 on Friday. The stock has a market capitalization of $16.49 billion, a PE ratio of 32.18, a P/E/G ratio of 2.51 and a beta of 0.98. IDEX Corporation has a 12 month low of $158.19 and a 12 month high of $243.80. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. The firm's 50 day moving average is $228.71 and its 200-day moving average is $215.30.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.11 by $0.21. The business had revenue of $920.60 million for the quarter, compared to analysts' expectations of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $2.07 earnings per share. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Equities research analysts forecast that IDEX Corporation will post 8.83 EPS for the current year.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, October 2nd. IDEX's payout ratio is 42.01%.

Insider Buying and Selling at IDEX

In other news, CAO Lisa Anderson sold 385 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total transaction of $91,857.15. Following the completion of the sale, the chief accounting officer directly owned 4,327 shares in the company, valued at $1,032,378.93. This represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.50% of the company's stock.

IDEX Profile

IDEX Corporation NYSE: IEX is an industrial technology company that designs, manufactures and markets engineered products and systems used in a range of specialized applications. Its portfolio includes pumps, valves, flow meters, compressors, dispensing equipment and other fluid-handling technologies that help customers move, measure and control liquids and gases.

The company operates through businesses focused on Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety/Diversified Products.

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