L. Roy Papp & Associates LLP Acquires 289 Shares of IDEX Corporation $IEX

L. Roy Papp & Associates LLP grew its stake in IDEX Corporation (NYSE:IEX) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,769 shares of the industrial products company’s stock after purchasing an additional 289 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in IDEX were worth $2,417,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Wellington Management Group LLP raised its position in shares of IDEX by 19.7% in the first quarter. Wellington Management Group LLP now owns 5,050,601 shares of the industrial products company’s stock valued at $914,007,000 after purchasing an additional 831,005 shares during the period. Impax Asset Management Group plc raised its position in shares of IDEX by 11.5% in the first quarter. Impax Asset Management Group plc now owns 2,006,724 shares of the industrial products company’s stock valued at $363,157,000 after purchasing an additional 207,172 shares during the period. Invesco Ltd. raised its position in shares of IDEX by 15.4% in the first quarter. Invesco Ltd. now owns 1,545,463 shares of the industrial products company’s stock valued at $279,682,000 after purchasing an additional 206,633 shares during the period. Amundi raised its position in shares of IDEX by 23.4% in the first quarter. Amundi now owns 1,249,546 shares of the industrial products company’s stock valued at $220,849,000 after purchasing an additional 236,650 shares during the period. Finally, Fenimore Asset Management Inc increased its position in IDEX by 2.0% during the second quarter. Fenimore Asset Management Inc now owns 872,652 shares of the industrial products company’s stock worth $153,211,000 after acquiring an additional 16,701 shares during the period. 97.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on IEX. DA Davidson set a $180.00 price objective on shares of IDEX and gave the stock a “neutral” rating in a research note on Monday, August 4th. Stifel Nicolaus dropped their price objective on shares of 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 dropped their price objective on shares of IDEX from $207.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of IDEX in a research note on Wednesday. Finally, Citigroup lifted their price objective on shares of IDEX from $208.00 to $216.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $201.43.

IDEX Price Performance

Shares of NYSE:IEX opened at $165.84 on Friday. The firm has a 50 day moving average of $163.08 and a 200-day moving average of $172.94. The stock has a market capitalization of $12.49 billion, a PE ratio of 26.79, a PEG ratio of 1.76 and a beta of 1.04. The company has a current ratio of 3.05, a quick ratio of 2.13 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 issued its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, beating the consensus estimate of $2.00 by $0.07. The company had revenue of $865.40 million during the quarter, compared to analysts’ expectations of $858.59 million. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The business’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 company 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. On average, equities research analysts predict that IDEX Corporation will post 8.26 EPS for the current fiscal year.

IDEX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be given a $0.71 dividend. The ex-dividend date is Friday, October 10th. This represents a $2.84 annualized dividend and a dividend yield of 1.7%. IDEX’s payout ratio is presently 45.88%.

IDEX announced that its Board of Directors has initiated a stock repurchase plan on Thursday, September 18th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase up to 8.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

IDEX 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.