Y Intercept Hong Kong Ltd Cuts Stock Holdings in IDEX Corporation $IEX

Y Intercept Hong Kong Ltd lessened its holdings in IDEX Corporation (NYSE:IEX) by 17.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 32,202 shares of the industrial products company’s stock after selling 6,683 shares during the period. Y Intercept Hong Kong Ltd’s holdings in IDEX were worth $5,241,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IEX. Nordea Investment Management AB raised its stake in IDEX by 193.6% in the third quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock worth $382,049,000 after buying an additional 1,559,124 shares in the last quarter. Norges Bank purchased a new position in shares of IDEX in the 2nd quarter valued at $156,009,000. Qube Research & Technologies Ltd raised its position in shares of IDEX by 142.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 652,664 shares of the industrial products company’s stock worth $114,588,000 after acquiring an additional 383,221 shares in the last quarter. Flossbach Von Storch SE lifted its stake in shares of IDEX by 132.8% during the 2nd quarter. Flossbach Von Storch SE now owns 640,792 shares of the industrial products company’s stock worth $112,504,000 after purchasing an additional 365,525 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in IDEX by 635.4% during the second quarter. Squarepoint Ops LLC now owns 264,492 shares of the industrial products company’s stock valued at $46,437,000 after purchasing an additional 228,525 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors.

IDEX Price Performance

Shares of NYSE:IEX opened at $195.29 on Friday. The company has a current ratio of 2.93, a quick ratio of 2.06 and a debt-to-equity ratio of 0.47. IDEX Corporation has a twelve month low of $153.36 and a twelve month high of $226.04. The company’s 50 day moving average is $179.82 and its 200 day moving average is $171.82. The company has a market cap of $14.62 billion, a PE ratio of 30.90, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00.

IDEX (NYSE:IEX) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.10. The firm had revenue of $878.70 million for the quarter, compared to analyst estimates of $861.44 million. IDEX had a net margin of 13.97% and a return on equity of 15.20%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.90 earnings per share. IDEX has set its FY 2025 guidance at 7.860-7.91 EPS. On average, sell-side analysts forecast that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 16th will be given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, January 16th. IDEX’s dividend payout ratio (DPR) is currently 44.94%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on IEX shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of IDEX in a research report on Wednesday, October 8th. TD Cowen reiterated a “buy” rating on shares of IDEX in a research note on Wednesday, December 3rd. Stifel Nicolaus upped their price objective on shares of IDEX from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday. Citigroup increased their price objective on shares of IDEX from $197.00 to $202.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $211.00 target price on shares of IDEX in a research report on Thursday, January 15th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, IDEX currently has an average rating of “Moderate Buy” and an average price target of $203.29.

IDEX Profile

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.