Korea Investment CORP Lowers Position in IDEX Corporation $IEX

Korea Investment CORP lessened its stake in IDEX Corporation (NYSE:IEX) by 28.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,208 shares of the industrial products company’s stock after selling 19,046 shares during the period. Korea Investment CORP’s holdings in IDEX were worth $8,543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Impax Asset Management Group plc lifted its position in shares of IDEX by 11.5% during the 1st 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. Invesco Ltd. lifted its holdings in IDEX by 15.4% in the 1st 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 in the last quarter. Fenimore Asset Management Inc increased its stake in shares of IDEX by 2.0% in the 1st quarter. Fenimore Asset Management Inc now owns 855,951 shares of the industrial products company’s stock worth $154,901,000 after acquiring an additional 16,444 shares during the last quarter. Northern Trust Corp increased its stake in shares of IDEX by 17.8% in the 4th quarter. Northern Trust Corp now owns 793,622 shares of the industrial products company’s stock worth $166,097,000 after acquiring an additional 120,022 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of IDEX by 15.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 747,554 shares of the industrial products company’s stock worth $156,456,000 after acquiring an additional 102,129 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Trading Up 3.7%

NYSE:IEX opened at $168.45 on Friday. The firm has a market cap of $12.68 billion, a P/E ratio of 27.21, a PEG ratio of 1.71 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. The stock’s 50 day simple moving average is $173.92 and its 200-day simple moving average is $179.34. IDEX Corporation has a 12-month low of $153.36 and a 12-month high of $238.22.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.07. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The business had revenue of $865.40 million for the quarter, compared to analyst estimates of $858.59 million. During the same quarter in the previous year, the company posted $2.06 earnings per share. The company’s revenue for the quarter 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. Equities analysts anticipate that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, July 11th. IDEX’s dividend payout ratio is currently 45.88%.

Analyst Ratings Changes

A number of brokerages have issued reports on IEX. Oppenheimer cut their target price on IDEX from $224.00 to $212.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. DA Davidson set a $180.00 price objective on IDEX and gave the stock a “neutral” rating in a research report on Monday, August 4th. Stifel Nicolaus dropped their target price on IDEX from $238.00 to $204.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Mizuho set a $185.00 target price on IDEX in a research report on Friday, May 16th. Finally, Robert W. Baird set a $215.00 price objective on IDEX in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, IDEX presently has a consensus rating of “Moderate Buy” and an average price target of $201.71.

Insider Buying and Selling

In other IDEX news, CFO Akhil Mahendra sold 250 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $180.89, for a total transaction of $45,222.50. Following the sale, the chief financial officer directly owned 5,035 shares in the company, valued at approximately $910,781.15. The trade was a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

About IDEX

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.