6,281 Shares in IDEX Corporation $IEX Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new position in IDEX Corporation (NYSE:IEX) during the third quarter, Holdings Channel.com reports. The firm acquired 6,281 shares of the industrial products company’s stock, valued at approximately $1,022,000.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Oppenheimer set a $210.00 target price on IDEX in a research note on Tuesday, October 7th. TD Cowen reaffirmed a “buy” rating on shares of IDEX in a report on Wednesday, December 3rd. Stifel Nicolaus raised their price objective on shares of IDEX from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Friday. Weiss Ratings reissued a “hold (c-)” rating on shares of IDEX in a research report on Wednesday, October 8th. Finally, Citigroup upped their target price on shares of IDEX from $197.00 to $202.00 and gave the company a “buy” rating in a research note on Monday, December 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, IDEX presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.29.

IDEX Stock Performance

IDEX stock opened at $195.29 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.93 and a quick ratio of 2.06. IDEX Corporation has a 12 month low of $153.36 and a 12 month high of $226.04. The company has a fifty day moving average price of $179.82 and a two-hundred day moving average price of $171.82. The company has a market cap of $14.62 billion, a PE ratio of 30.90, a P/E/G ratio of 1.96 and a beta of 1.00.

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

IDEX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $2.84 annualized dividend and a dividend yield of 1.5%. IDEX’s dividend payout ratio 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.