Dynamic Technology Lab Private Ltd Makes New Investment in IDEX Corporation $IEX

Dynamic Technology Lab Private Ltd purchased a new stake in IDEX Corporation (NYSE:IEX) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,024 shares of the industrial products company’s stock, valued at approximately $909,000.

A number of other large investors have also recently made changes to their positions in IEX. Wellington Management Group LLP lifted its stake in 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 worth $914,007,000 after acquiring an additional 831,005 shares during the last quarter. Millennium Management LLC lifted its position in shares of IDEX by 1,232.4% during the 1st quarter. Millennium Management LLC now owns 487,274 shares of the industrial products company’s stock worth $88,182,000 after purchasing an additional 450,704 shares during the last quarter. Flossbach Von Storch SE acquired a new position in shares of IDEX during the first quarter worth $49,815,000. Amundi increased its holdings in 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 buying an additional 236,650 shares during the last quarter. Finally, Impax Asset Management Group plc raised its stake in 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 buying an additional 207,172 shares in the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Oppenheimer lowered their price objective on IDEX from $224.00 to $212.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. 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 note on Thursday, July 31st. DA Davidson set a $180.00 price objective on shares of IDEX and gave the stock a “neutral” rating in a report on Monday, August 4th. Mizuho set a $185.00 target price on shares of IDEX in a report on Friday, May 16th. Finally, Citigroup lifted their price target 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 one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.71.

IDEX Stock Performance

Shares of IDEX stock opened at $164.06 on Tuesday. The firm’s fifty day simple moving average is $171.50 and its 200-day simple moving average is $176.70. IDEX Corporation has a 12 month low of $153.36 and a 12 month high of $238.22. The stock has a market capitalization of $12.35 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.74 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.13.

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 analysts’ consensus estimates of $2.00 by $0.07. The firm 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%. IDEX’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, equities analysts forecast 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. Investors of record on Friday, July 11th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, July 11th. IDEX’s payout ratio is 45.88%.

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.