Mountain Pacific Investment Advisers LLC Cuts Stock Position in IDEX Corporation $IEX

Mountain Pacific Investment Advisers LLC trimmed its position in IDEX Corporation (NYSE:IEX) by 49.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 121,238 shares of the industrial products company’s stock after selling 120,105 shares during the period. IDEX makes up 3.1% of Mountain Pacific Investment Advisers LLC’s holdings, making the stock its 8th biggest holding. Mountain Pacific Investment Advisers LLC’s holdings in IDEX were worth $19,733,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IEX. American National Bank & Trust purchased a new position in shares of IDEX in the second quarter valued at about $25,000. Capital A Wealth Management LLC purchased a new stake in shares of IDEX during the second quarter worth about $28,000. Loomis Sayles & Co. L P bought a new stake in shares of IDEX in the second quarter worth about $33,000. CYBER HORNET ETFs LLC purchased a new position in IDEX during the 2nd quarter valued at about $35,000. Finally, MUFG Securities EMEA plc bought a new position in IDEX during the 2nd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. TD Cowen reiterated a “buy” rating on shares of IDEX in a research report on Wednesday, December 3rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $211.00 price target on shares of IDEX in a report on Thursday, January 15th. Oppenheimer set a $210.00 price objective on shares of IDEX in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of IDEX in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus reduced their price target on shares of IDEX from $204.00 to $191.00 and set a “buy” rating on the stock in a research report on Monday, October 20th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $199.14.

IDEX Stock Up 2.9%

NYSE:IEX opened at $198.98 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.93 and a quick ratio of 2.06. The firm’s 50-day moving average price is $178.59 and its 200-day moving average price is $171.60. The company has a market capitalization of $14.89 billion, a PE ratio of 31.48, a P/E/G ratio of 1.94 and a beta of 1.00. IDEX Corporation has a 1-year low of $153.36 and a 1-year high of $226.04.

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

IDEX Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, January 16th. IDEX’s dividend payout ratio (DPR) is 44.94%.

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.