111 Capital Invests $839,000 in IDEX Corporation $IEX

111 Capital purchased a new position in IDEX Corporation (NYSE:IEX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,778 shares of the industrial products company’s stock, valued at approximately $839,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Horizon Investments LLC grew its holdings in shares of IDEX by 5.2% in the first 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 during the last quarter. Empowered Funds LLC grew its holdings in shares of IDEX by 3.4% in the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 54 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of IDEX by 1.0% in the first quarter. Alps Advisors Inc. now owns 5,990 shares of the industrial products company’s stock worth $1,084,000 after purchasing an additional 60 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of IDEX by 1.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,925 shares of the industrial products company’s stock valued at $1,031,000 after buying an additional 61 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of 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 buying an additional 61 shares during the period. 97.96% of the stock is currently owned by institutional investors.

IDEX Price Performance

IEX opened at $166.93 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.13. The firm has a market capitalization of $12.57 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 1.76 and a beta of 1.04. The business’s 50-day moving average is $163.72 and its two-hundred day moving average is $173.35. IDEX Corporation has a 1 year low of $153.36 and a 1 year high of $238.22.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.07. The business had revenue of $865.40 million during 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 company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company 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. Research analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. IDEX’s dividend payout ratio (DPR) is currently 45.88%.

IDEX announced that its Board of Directors has authorized a stock repurchase program on Thursday, September 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to reacquire up to 8.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of IDEX in a research note on Saturday, September 27th. Stifel Nicolaus cut their price target on IDEX from $238.00 to $204.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. DA Davidson set a $180.00 price target on IDEX and gave the company a “neutral” rating in a research note on Monday, August 4th. Royal Bank Of Canada cut their price target 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, Citigroup raised their price target on IDEX from $208.00 to $216.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $201.71.

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.