Rep. Lisa C. McClain Purchases Shares of IDEX Corporation (NYSE:IEX)

Key Points

• Representative Lisa C. McClain purchased shares of IDEX Corporation (NYSE:IEX) on August 4th, investing between $1,001 and $15,000, as disclosed in a recent filing.
• IDEX Corporation reported a quarterly earnings per share of $2.07, exceeding estimates, with a revenue increase of 7.2% year-over-year.
• The company declared a quarterly dividend of $0.71 per share, representing an annual yield of 1.7%, with a payout ratio of 45.88%.

Representative Lisa C. McClain (R-Michigan) recently bought shares of IDEX Corporation NYSE: IEX. In a filing disclosed on September 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in IDEX stock on August 4th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $50,001 - $100,000 in shares of Taiwan Semiconductor Manufacturing NYSE: TSM on 8/28/2025.
• Purchased $1,001 - $15,000 in shares of ACI Worldwide NASDAQ: ACIW on 8/19/2025.
• Purchased $1,001 - $15,000 in shares of HCA Healthcare NYSE: HCA on 8/19/2025.
• Sold $1,001 - $15,000 in shares of Amedisys NASDAQ: AMED on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Kite Realty Group Trust NYSE: KRG on 8/13/2025.
• Sold $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 8/13/2025.
• Purchased $1,001 - $15,000 in shares of JD.com NASDAQ: JD on 8/13/2025.
• Sold $1,001 - $15,000 in shares of Trade Desk NASDAQ: TTD on 8/13/2025.
• Sold $1,001 - $15,000 in shares of US Foods NYSE: USFD on 8/13/2025.
• Purchased $1,001 - $15,000 in shares of Agree Realty NYSE: ADC on 8/13/2025.

IDEX Stock Up 1.7%

IEX stock traded up $2.70 during trading on Tuesday, reaching $163.86. 747,650 shares of the stock were exchanged, compared to its average volume of 657,675. The firm's 50 day moving average is $169.21 and its 200 day moving average is $175.44. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $238.22. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.46. The firm has a market cap of $12.34 billion, a P/E ratio of 26.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.02.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly 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 business had revenue of $865.40 million for 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 firm's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior 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, research analysts forecast 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 paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, July 11th. IDEX's dividend payout ratio is 45.88%.

Hedge Funds Weigh In On IDEX

Institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank grew its holdings in IDEX by 1.0% during the first quarter. Amalgamated Bank now owns 14,731 shares of the industrial products company's stock valued at $2,666,000 after purchasing an additional 141 shares during the period. GAMMA Investing LLC grew its holdings in IDEX by 49.0% during the first quarter. GAMMA Investing LLC now owns 915 shares of the industrial products company's stock valued at $166,000 after purchasing an additional 301 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in IDEX during the first quarter valued at $909,000. Oppenheimer Asset Management Inc. grew its holdings 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 valued at $1,508,000 after purchasing an additional 61 shares during the period. Finally, Asset Management One Co. Ltd. grew its holdings in IDEX by 14.3% during the first quarter. Asset Management One Co. Ltd. now owns 34,569 shares of the industrial products company's stock valued at $6,256,000 after purchasing an additional 4,319 shares during the period. 97.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on IEX shares. Oppenheimer lowered their price objective on IDEX from $224.00 to $212.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. DA Davidson set a $180.00 price objective on IDEX and gave the stock a "neutral" rating in a research note on Monday, August 4th. Stifel Nicolaus lowered 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. Royal Bank Of Canada lowered their price objective on IDEX from $207.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Finally, Citigroup increased their price target on IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, IDEX presently has a consensus rating of "Moderate Buy" and an average target price of $201.71.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

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.

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