IDEX Corporation $IEX Shares Sold by Van Lanschot Kempen Investment Management N.V.

Key Points

• Van Lanschot Kempen Investment Management N.V. reduced its stake in IDEX Corporation by 44.4%, holding 44,524 shares worth approximately $8 million after selling 35,516 shares in the first quarter.
• Several analysts have adjusted their price targets for IDEX shares, with the consensus rating at "Moderate Buy" and a target price of $201.71, reflecting mixed sentiments in the market.
• IDEX declared a quarterly dividend of $0.71 per share, culminating in an annualized dividend yield of 1.7%, with a payout ratio of 45.88%.

Van Lanschot Kempen Investment Management N.V. cut its position in IDEX Corporation (NYSE:IEX - Free Report) by 44.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,524 shares of the industrial products company's stock after selling 35,516 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned 0.06% of IDEX worth $8,058,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of IDEX by 13.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 640,717 shares of the industrial products company's stock valued at $134,096,000 after buying an additional 73,540 shares in the last quarter. Snyder Capital Management L P grew its stake in IDEX by 12.2% during the 4th quarter. Snyder Capital Management L P now owns 480,193 shares of the industrial products company's stock worth $100,500,000 after purchasing an additional 52,259 shares in the last quarter. Amalgamated Bank grew its stake in 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 purchasing an additional 141 shares in the last quarter. GAMMA Investing LLC grew its stake in 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 purchasing an additional 301 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in 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 purchasing an additional 61 shares in the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IEX has been the subject of a number of recent analyst reports. Oppenheimer decreased their price target on IDEX from $224.00 to $212.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. DA Davidson set a $180.00 target price on IDEX and gave the company a "neutral" rating in a report on Monday, August 4th. Stifel Nicolaus reduced their price objective on IDEX from $238.00 to $204.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Robert W. Baird set a $215.00 price objective on IDEX in a research note on Friday, May 2nd. Finally, Mizuho set a $185.00 price objective on IDEX in a research note on Friday, May 16th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, IDEX has an average rating of "Moderate Buy" and a consensus target price of $201.71.

IDEX Stock Performance

NYSE IEX traded down $1.8050 on Monday, hitting $166.7550. 83,403 shares of the company's stock were exchanged, compared to its average volume of 675,628. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.13. The firm's 50-day moving average price is $173.92 and its two-hundred day moving average price is $179.08. IDEX Corporation has a fifty-two week low of $153.36 and a fifty-two week high of $238.22. The firm has a market cap of $12.55 billion, a price-to-earnings ratio of 26.95, a P/E/G ratio of 1.78 and a beta of 1.04.

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

IDEX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were issued a $0.71 dividend. The ex-dividend date 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 currently 45.88%.

Insider Buying and Selling at IDEX

In related news, CFO Akhil Mahendra sold 250 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $180.89, for a total value of $45,222.50. Following the sale, the chief financial officer owned 5,035 shares in the company, valued at $910,781.15. This represents a 4.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

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.