IDEX Corporation $IEX Shares Bought by Camelot Portfolios LLC

Camelot Portfolios LLC grew its position in IDEX Corporation (NYSE:IEX) by 11.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,849 shares of the industrial products company’s stock after purchasing an additional 283 shares during the period. Camelot Portfolios LLC’s holdings in IDEX were worth $500,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Signaturefd LLC boosted its position in IDEX by 111.7% during the second quarter. Signaturefd LLC now owns 1,213 shares of the industrial products company’s stock worth $213,000 after purchasing an additional 640 shares in the last quarter. Patton Fund Management Inc. purchased a new position in shares of IDEX in the second quarter valued at approximately $224,000. American National Bank & Trust purchased a new position in shares of IDEX in the second quarter valued at approximately $25,000. Steph & Co. purchased a new position in shares of IDEX in the second quarter valued at approximately $42,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of IDEX by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 23,467 shares of the industrial products company’s stock valued at $4,120,000 after acquiring an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Trading Up 1.3%

NYSE:IEX opened at $161.42 on Friday. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 12-month low of $153.36 and a 12-month high of $238.22. The firm has a market cap of $12.15 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 1.70 and a beta of 1.02. The stock has a fifty day moving average price of $165.69 and a 200 day moving average price of $174.00.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.07. The company 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%.IDEX’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous 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. Sell-side analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX announced that its board has authorized a stock buyback plan on Thursday, September 18th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to repurchase up to 8.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

IDEX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, October 10th. IDEX’s payout ratio is presently 45.88%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank Of Canada cut their price target on IDEX from $207.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. DA Davidson set a $180.00 target price on IDEX and gave the stock a “neutral” rating in a research note on Monday, August 4th. 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. Stifel Nicolaus dropped their price objective on IDEX from $238.00 to $204.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Finally, Citigroup lifted their price objective on IDEX from $208.00 to $216.00 and gave the company 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 stock. Based on data from MarketBeat, IDEX currently has an average rating of “Moderate Buy” and a consensus price target of $201.71.

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.