IDEX Corporation $IEX Stock Position Boosted by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. raised its stake in shares of IDEX Corporation (NYSE:IEX) by 13.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 159,934 shares of the industrial products company’s stock after buying an additional 18,544 shares during the period. ASR Vermogensbeheer N.V.’s holdings in IDEX were worth $26,030,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in IEX. Thurston Springer Miller Herd & Titak Inc. raised its holdings in IDEX by 257.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 143 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 103 shares in the last quarter. American National Bank & Trust bought a new stake in shares of IDEX in the 2nd quarter worth $25,000. Capital A Wealth Management LLC bought a new position in IDEX during the second quarter valued at about $28,000. Loomis Sayles & Co. L P acquired a new position in IDEX during the second quarter worth about $33,000. Finally, CYBER HORNET ETFs LLC acquired a new position in IDEX during the second quarter worth about $35,000. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Stock Up 1.1%

NYSE:IEX opened at $197.36 on Friday. The business’s fifty day moving average price is $176.95 and its 200 day moving average price is $171.35. The firm has a market capitalization of $14.77 billion, a price-to-earnings ratio of 31.23, a PEG ratio of 1.96 and a beta of 1.00. The company has a current ratio of 2.93, a quick ratio of 2.06 and a debt-to-equity ratio of 0.47. IDEX Corporation has a 1-year low of $153.36 and a 1-year high of $226.04.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, October 29th. The industrial products company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.10. The company had revenue of $878.70 million for the quarter, compared to analysts’ expectations of $861.44 million. IDEX had a return on equity of 15.20% and a net margin of 13.97%.The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.90 EPS. IDEX has set its FY 2025 guidance at 7.860-7.91 EPS. On average, sell-side analysts forecast that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a $0.71 dividend. The ex-dividend date is Friday, January 16th. This represents a $2.84 dividend on an annualized basis and a yield of 1.4%. IDEX’s dividend payout ratio is presently 44.94%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IEX shares. Weiss Ratings restated a “hold (c-)” rating on shares of IDEX in a research report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $211.00 price target on shares of IDEX in a research report on Thursday. Citigroup increased their price objective on IDEX from $197.00 to $202.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Stifel Nicolaus decreased their target price on IDEX from $204.00 to $191.00 and set a “buy” rating on the stock in a report on Monday, October 20th. Finally, Cowen reaffirmed a “buy” rating on shares of IDEX in a research report on Wednesday, December 3rd. Five 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.14.

IDEX Company Profile

IDEX Corporation is a diversified industrial manufacturer specializing in the design, production and distribution of highly engineered fluidics systems, measurement technologies and safety solutions. The company’s core offerings include positive-displacement pumps, flow meters, valves, sampling systems and analytical instruments that serve a wide range of end markets such as water treatment, chemical processing, energy, food and beverage, and life sciences. Through its focus on precision engineering and proprietary material science, IDEX delivers products designed for reliability in demanding applications.

Operations at IDEX are organized into three principal segments.