QRG Capital Management Inc. Increases Stock Holdings in IDEX Corporation $IEX

QRG Capital Management Inc. raised its stake in IDEX Corporation (NYSE:IEX) by 13.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,511 shares of the industrial products company’s stock after purchasing an additional 1,380 shares during the quarter. QRG Capital Management Inc.’s holdings in IDEX were worth $2,021,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IEX. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of IDEX by 8.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,901 shares of the industrial products company’s stock worth $2,089,000 after acquiring an additional 971 shares during the period. ASR Vermogensbeheer N.V. boosted its holdings in IDEX by 2.5% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 141,390 shares of the industrial products company’s stock valued at $24,824,000 after purchasing an additional 3,474 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in IDEX by 4.2% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 34,519 shares of the industrial products company’s stock valued at $6,061,000 after purchasing an additional 1,393 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of IDEX in the 2nd quarter valued at approximately $206,000. Finally, V Square Quantitative Management LLC lifted its holdings in shares of IDEX by 7.9% in the 2nd quarter. V Square Quantitative Management LLC now owns 2,553 shares of the industrial products company’s stock valued at $448,000 after buying an additional 186 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on IEX shares. Citigroup increased their price objective on IDEX from $208.00 to $216.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Royal Bank Of Canada dropped their price objective on 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 reissued a “hold (c-)” rating on shares of IDEX in a report on Saturday, September 27th. Stifel Nicolaus decreased their price objective on shares of IDEX from $238.00 to $204.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. Finally, DA Davidson set a $180.00 price objective on shares of IDEX and gave the stock a “neutral” rating in a research report on Monday, August 4th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $201.43.

IDEX Trading Down 0.8%

Shares of IEX stock opened at $165.77 on Wednesday. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 1.76 and a beta of 1.04. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $238.22. 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 firm has a 50-day moving average price of $162.99 and a 200 day moving average price of $173.12.

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

IDEX Dividend Announcement

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 paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. IDEX’s dividend payout ratio is currently 45.88%.

IDEX declared that its board has approved a stock buyback plan on Thursday, September 18th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the industrial products company to purchase up to 8.3% of its stock through open market purchases. Stock repurchase plans are typically 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.