Yousif Capital Management LLC grew its holdings in IDEX Corporation (NYSE:IEX – Free Report) by 33.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,511 shares of the industrial products company’s stock after acquiring an additional 2,641 shares during the period. Yousif Capital Management LLC’s holdings in IDEX were worth $2,396,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in IEX. Burkett Financial Services LLC acquired a new position in shares of IDEX during the 3rd quarter valued at $27,000. Optiver Holding B.V. purchased a new stake in IDEX during the 1st quarter worth $27,000. Quantbot Technologies LP acquired a new stake in IDEX in the 2nd quarter valued at $33,000. Elevation Wealth Partners LLC increased its holdings in IDEX by 42.7% in the 3rd quarter. Elevation Wealth Partners LLC now owns 147 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 44 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its holdings in IDEX by 104.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.
Insider Transactions at IDEX
In other IDEX news, CAO Lisa Anderson sold 385 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total value of $91,857.15. Following the transaction, the chief accounting officer directly owned 4,327 shares of the company’s stock, valued at $1,032,378.93. This represents a 8.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.
IDEX Stock Up 2.6%
Shares of NYSE IEX opened at $239.22 on Thursday. IDEX Corporation has a 1 year low of $160.60 and a 1 year high of $243.80. The firm has a market cap of $17.64 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 2.60 and a beta of 0.97. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05. The stock’s 50-day simple moving average is $230.00 and its 200-day simple moving average is $215.45.
IDEX (NYSE:IEX – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.24 by $0.09. The business had revenue of $951.70 million for the quarter, compared to analysts’ expectations of $934.36 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.03 earnings per share. As a group, equities analysts anticipate that IDEX Corporation will post 8.83 earnings per share for the current fiscal year.
IDEX Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were issued a dividend of $0.73 per share. The ex-dividend date was Friday, October 2nd. This represents a $2.92 annualized dividend and a yield of 1.2%. IDEX’s payout ratio is currently 42.01%.
Wall Street Analyst Weigh In
Several research firms have commented on IEX. KeyCorp raised IDEX to a “hold” rating in a research report on Monday, October 12th. DA Davidson upped their target price on IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Oppenheimer increased their target price on IDEX from $270.00 to $275.00 and gave the company an “outperform” rating in a research note on Wednesday, October 21st. Argus raised their target price on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $261.09.
Read Our Latest Research Report on IEX
Key Stories Impacting IDEX
Here are the key news stories impacting IDEX this week:
- Positive Sentiment: Third-quarter earnings and sales beat expectations. IDEX reported revenue of $951.7 million, up 8.3% year over year and ahead of the roughly $934 million consensus estimate. Adjusted earnings of $2.33 per share exceeded analysts’ $2.23-$2.24 expectations and increased from $2.03 a year earlier. IDEX Q3 Earnings and Revenues Beat Estimates
- Positive Sentiment: Management raised its 2026 forecast. IDEX now expects 6.5%-6.8% organic sales growth and adjusted diluted EPS of $8.91-$8.96, supporting the view that momentum in advantaged end markets will continue. IDEX Forecasts Organic Growth and Adjusted EPS
- Positive Sentiment: Orders and cash generation were encouraging. Quarterly orders rose 13% to $991.2 million, while operating cash flow increased to $239.5 million from $203.5 million. IDEX also returned $129 million to shareholders through dividends and share repurchases. IDEX Posts Record Third-Quarter Sales
- Positive Sentiment: Health & Science Technologies led segment growth. Sales in the segment climbed 14% to $433.5 million, while Fluid & Metering Technologies and Fire & Safety/Diversified Products grew 3% and 5%, respectively.
- Neutral Sentiment: Despite the operational strength, IDEX trades at a relatively demanding valuation, with a reported P/E ratio above 34, leaving the stock sensitive to any slowdown in growth or future guidance.
- Negative Sentiment: Recent insider activity showed three open-market sales and no purchases during the past six months. This is not evidence of a change in fundamentals, but it may modestly temper investor sentiment.
IDEX Company Profile
IDEX Corporation is an industrial manufacturing company headquartered in Lake Forest, Illinois. The company designs and produces engineered products and technologies used to move, control, measure and apply fluids, as well as equipment used in fire and safety applications.
IDEX operates through businesses serving fluid and metering technologies, health and science technologies, and fire and safety markets. Its products include pumps, valves, flow meters, compressors, dispensing equipment, precision fluidics components and systems, fire pumps, rescue tools and other specialized equipment.
The company serves a broad range of industries, including healthcare, life sciences, water and wastewater, chemical processing, energy, food and beverage, agriculture, industrial manufacturing and municipal fire protection.
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