Sumitomo Mitsui DS Asset Management Company Ltd Acquires 2,145 Shares of IDEX Corporation $IEX

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd increased its investment in IDEX Corporation by 26.6%, owning 10,195 shares valued at approximately $1.79 million as of the end of the second quarter.
• IDEX Corporation reported earnings per share (EPS) of $2.07 for the last quarter, beating analysts' expectations, and set guidance for Q3 2025 EPS between 1.900-1.950.
• The company announced a share repurchase program allowing up to $1 billion in buybacks, indicating management's belief that the stock is undervalued.

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of IDEX Corporation (NYSE:IEX - Free Report) by 26.6% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 10,195 shares of the industrial products company's stock after purchasing an additional 2,145 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in IDEX were worth $1,790,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Amalgamated Bank lifted its position in shares of IDEX by 1.0% during the 1st quarter. Amalgamated Bank now owns 14,731 shares of the industrial products company's stock worth $2,666,000 after buying an additional 141 shares in the last quarter. GAMMA Investing LLC lifted 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 worth $166,000 after buying an additional 301 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of IDEX during the 1st quarter worth approximately $909,000. Oppenheimer Asset Management Inc. lifted 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 worth $1,508,000 after buying an additional 61 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of IDEX by 16.2% during the 1st quarter. Swedbank AB now owns 55,396 shares of the industrial products company's stock worth $10,025,000 after buying an additional 7,726 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on IEX. Royal Bank Of Canada dropped their target price on shares of IDEX from $207.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Citigroup lifted their target price on shares of IDEX from $208.00 to $216.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Oppenheimer lowered their price target on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Stifel Nicolaus lowered their price target on shares of IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, DA Davidson set a $180.00 price target on shares of IDEX and gave the stock a "neutral" rating in a report on Monday, August 4th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, IDEX currently has a consensus rating of "Moderate Buy" and an average target price of $201.71.

IDEX Price Performance

Shares of IEX traded down $0.27 during mid-day trading on Monday, reaching $160.76. 661,301 shares of the stock traded hands, compared to its average volume of 696,910. The firm has a fifty day moving average price of $167.43 and a 200 day moving average price of $174.62. The company has a market cap of $12.10 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 1.70 and a beta of 1.02. 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 Corporation has a 1 year low of $153.36 and a 1 year high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, beating analysts' consensus estimates of $2.00 by $0.07. The firm had revenue of $865.40 million during the quarter, compared to analyst estimates of $858.59 million. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The business's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.06 EPS. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. As a group, equities research analysts predict that IDEX Corporation will post 8.26 earnings per share for the current year.

IDEX declared that its Board of Directors has initiated a stock repurchase program on Thursday, September 18th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to purchase up to 8.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

IDEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Friday, October 10th will be given a $0.71 dividend. The ex-dividend date is Friday, October 10th. This represents a $2.84 annualized dividend and a yield of 1.8%. IDEX's payout ratio is 45.88%.

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.