MBB Public Markets I LLC Acquires New Shares in IDEX Corporation $IEX

MBB Public Markets I LLC acquired a new stake in shares of IDEX Corporation (NYSE:IEX) in the first quarter, Holdings Channel reports. The fund acquired 1,712 shares of the industrial products company’s stock, valued at approximately $310,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. United Services Automobile Association acquired a new position in IDEX during the 1st quarter valued at approximately $281,000. Dynamic Technology Lab Private Ltd acquired a new position in IDEX during the 1st quarter valued at approximately $909,000. USS Investment Management Ltd raised its stake in IDEX by 25.7% during the 1st quarter. USS Investment Management Ltd now owns 15,200 shares of the industrial products company’s stock valued at $2,748,000 after acquiring an additional 3,104 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in IDEX by 15.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 11,424 shares of the industrial products company’s stock valued at $2,067,000 after acquiring an additional 1,491 shares in the last quarter. Finally, Petrus Trust Company LTA bought a new stake in IDEX during the 1st quarter valued at $379,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Stock Down 1.1%

Shares of IDEX stock opened at $160.23 on Thursday. The stock’s fifty day moving average is $170.70 and its 200-day moving average is $176.49. The firm has a market capitalization of $12.06 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 1.71 and a beta of 1.02. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 12-month low of $153.36 and a 12-month high of $238.22.

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

IDEX Announces Dividend

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

Analyst Ratings Changes

Several analysts have weighed in on the company. Mizuho set a $185.00 target price on IDEX in a research note on Friday, May 16th. Oppenheimer cut their target price on IDEX from $224.00 to $212.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. DA Davidson set a $180.00 target price on IDEX and gave the company a “neutral” rating in a research note on Monday, August 4th. Royal Bank Of Canada dropped their price objective on IDEX from $207.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. Finally, Stifel Nicolaus dropped their price objective on IDEX from $238.00 to $204.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, IDEX 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.