Maren Capital LLC Cuts Stock Holdings in IDEX Corporation $IEX

Maren Capital LLC reduced its position in shares of IDEX Corporation (NYSE:IEX) by 0.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,837 shares of the industrial products company’s stock after selling 1,279 shares during the period. IDEX accounts for about 3.0% of Maren Capital LLC’s portfolio, making the stock its 16th largest holding. Maren Capital LLC owned 0.33% of IDEX worth $44,670,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Horizon Investments LLC increased its stake in IDEX by 5.2% during the 1st quarter. Horizon Investments LLC now owns 1,087 shares of the industrial products company’s stock worth $197,000 after buying an additional 54 shares in the last quarter. Alps Advisors Inc. increased its stake in IDEX by 1.0% during the 1st quarter. Alps Advisors Inc. now owns 5,990 shares of the industrial products company’s stock worth $1,084,000 after buying an additional 60 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in IDEX by 1.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,925 shares of the industrial products company’s stock worth $1,031,000 after buying an additional 61 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in IDEX by 0.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,332 shares of the industrial products company’s stock worth $1,508,000 after buying an additional 61 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of IDEX by 81.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 64 shares in the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Akhil Mahendra sold 250 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $180.89, for a total value of $45,222.50. Following the transaction, the chief financial officer directly owned 5,035 shares in the company, valued at approximately $910,781.15. This represents a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on IEX. Royal Bank Of Canada dropped their price target on IDEX from $207.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Oppenheimer dropped their price target on IDEX from $224.00 to $212.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Mizuho set a $185.00 price target on IDEX in a research report on Friday, May 16th. DA Davidson set a $180.00 price target on IDEX and gave the company a “neutral” rating in a research report on Monday, August 4th. Finally, Citigroup upped their price target on IDEX from $208.00 to $216.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $201.71.

IDEX Trading Up 3.7%

IEX opened at $168.45 on Friday. IDEX Corporation has a one year low of $153.36 and a one year high of $238.22. The stock has a market capitalization of $12.68 billion, a PE ratio of 27.21, a P/E/G ratio of 1.71 and a beta of 1.04. The business’s 50 day moving average price is $173.92 and its 200 day moving average price is $179.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.13 and a current ratio of 3.05.

IDEX (NYSE:IEX) last released its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.07. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The firm had revenue of $865.40 million for the quarter, compared to analysts’ expectations of $858.59 million. During the same period in the prior year, the firm posted $2.06 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. As a group, equities research analysts expect that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were issued a $0.71 dividend. The ex-dividend date was Friday, July 11th. This represents a $2.84 dividend on an annualized basis and a yield of 1.7%. IDEX’s dividend payout ratio is currently 45.88%.

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.