IDEX Corporation $IEX Shares Acquired by Robeco Schweiz AG

Robeco Schweiz AG increased its stake in IDEX Corporation (NYSE:IEX) by 14.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 271,089 shares of the industrial products company’s stock after acquiring an additional 33,752 shares during the period. Robeco Schweiz AG owned approximately 0.36% of IDEX worth $44,122,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Empowered Funds LLC grew its holdings in IDEX by 3.4% during the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after purchasing an additional 54 shares in the last quarter. Cullen Frost Bankers Inc. raised its position in shares of IDEX by 2.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 3,112 shares of the industrial products company’s stock valued at $546,000 after purchasing an additional 60 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of IDEX by 21.5% during the 2nd quarter. Blue Trust Inc. now owns 446 shares of the industrial products company’s stock valued at $78,000 after buying an additional 79 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of IDEX by 257.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 143 shares of the industrial products company’s stock worth $25,000 after buying an additional 103 shares in the last quarter. Finally, Mediolanum International Funds Ltd increased its stake in shares of IDEX by 1.4% in the second quarter. Mediolanum International Funds Ltd now owns 8,540 shares of the industrial products company’s stock worth $1,506,000 after buying an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Performance

Shares of IEX opened at $187.36 on Wednesday. The firm has a fifty day moving average of $175.35 and a 200-day moving average of $170.89. The company has a market cap of $14.02 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.06 and a current ratio of 2.93. IDEX Corporation has a 1 year low of $153.36 and a 1 year high of $226.04.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.10. The firm had revenue of $878.70 million for the quarter, compared to the consensus estimate of $861.44 million. IDEX had a net margin of 13.97% and a return on equity of 15.20%. IDEX’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $1.90 EPS. IDEX has set its FY 2025 guidance at 7.860-7.91 EPS. As a group, equities analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current year.

IDEX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $2.84 dividend on an annualized basis and a yield of 1.5%. IDEX’s dividend payout ratio is currently 44.94%.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on IEX shares. Royal Bank Of Canada reduced their price objective on shares of IDEX from $200.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Cowen reaffirmed a “buy” rating on shares of IDEX in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of IDEX in a report on Wednesday, October 8th. Stifel Nicolaus reduced their target price on IDEX from $204.00 to $191.00 and set a “buy” rating on the stock in a report on Monday, October 20th. Finally, Oppenheimer set a $210.00 price target on IDEX in a research report on Tuesday, October 7th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $196.86.

About IDEX

IDEX Corporation is a diversified industrial manufacturer specializing in the design, production and distribution of highly engineered fluidics systems, measurement technologies and safety solutions. The company’s core offerings include positive-displacement pumps, flow meters, valves, sampling systems and analytical instruments that serve a wide range of end markets such as water treatment, chemical processing, energy, food and beverage, and life sciences. Through its focus on precision engineering and proprietary material science, IDEX delivers products designed for reliability in demanding applications.

Operations at IDEX are organized into three principal segments.