Legacy Wealth Management LLC MS Has $2.89 Million Holdings in IDEX Corporation $IEX

Legacy Wealth Management LLC MS lifted its stake in shares of IDEX Corporation (NYSE:IEX) by 1,017.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,463 shares of the industrial products company’s stock after buying an additional 14,990 shares during the period. Legacy Wealth Management LLC MS’s holdings in IDEX were worth $2,890,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Horizon Investments LLC boosted its position in shares of IDEX by 5.2% during the 1st quarter. Horizon Investments LLC now owns 1,087 shares of the industrial products company’s stock worth $197,000 after purchasing an additional 54 shares in the last quarter. Empowered Funds LLC lifted its position in IDEX by 3.4% in the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after acquiring an additional 54 shares in the last quarter. Alps Advisors Inc. lifted its position in IDEX by 1.0% in the 1st quarter. Alps Advisors Inc. now owns 5,990 shares of the industrial products company’s stock valued at $1,084,000 after acquiring an additional 60 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in IDEX by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,925 shares of the industrial products company’s stock valued at $1,031,000 after acquiring an additional 61 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in IDEX by 0.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,332 shares of the industrial products company’s stock valued at $1,508,000 after acquiring an additional 61 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Price Performance

IDEX stock opened at $160.66 on Friday. IDEX Corporation has a 52 week low of $153.36 and a 52 week high of $238.22. The company’s 50 day moving average price is $169.95 and its two-hundred day moving average price is $176.02. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The stock has a market cap of $12.10 billion, a P/E ratio of 25.96, a P/E/G ratio of 1.73 and a beta of 1.02.

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

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a dividend of $0.71 per share. The ex-dividend date was Friday, July 11th. This represents a $2.84 annualized dividend and a dividend yield of 1.8%. IDEX’s dividend payout ratio (DPR) is presently 45.88%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on IEX shares. Oppenheimer dropped their price target on shares of IDEX from $224.00 to $212.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. DA Davidson set a $180.00 price target on shares of IDEX and gave the company a “neutral” rating in a research report on Monday, August 4th. Citigroup raised their price target on shares of IDEX from $208.00 to $216.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Stifel Nicolaus dropped their price target on shares of IDEX from $238.00 to $204.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, IDEX currently has a consensus rating of “Moderate Buy” and a consensus price target of $201.71.

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.