IDEX Corporation (IEX)

In the past six months, IDEX Corporation reported its first-quarter and second-quarter 2025 results, with the latter beating consensus estimates for earnings per share and revenue. The company announced an increase to its share repurchase authorization, bringing the total capacity to $1 billion, and approved a regular quarterly cash dividend of $0.71 per common share. IDEX announced its intent to purchase Mott Corp to strengthen its health and science technologies segment. The company's shares declined 11.8% against the industry's growth of 9% due to weaknesses in the Fluid & Metering Technologies unit and rising operating costs, but analysts have a "Moderate Buy" consensus rating for IDEX.

IDEX Corporation's diversified portfolio across various end markets helps mitigate cyclical risks. While there isn't explicit information detailing strong seasonality for all products, the company has noted mixed demand environments. For instance, in Q1 2025, there was robust demand in advanced water-filtration and defense-optics projects, while some softness was observed in semiconductors, agriculture, and automotive markets. The health and science segment showed a significant improvement in demand in 2024, recovering from previous declines related to post-COVID-19 restocking.

IDEX Corporation, categorized within the Industrial Products sector and Industrial Machinery industry, provides mission-critical solutions across various industries, including agricultural, pharmaceutical, semiconductor, and fire safety sectors. The company's major products include fluid and metering technologies such as positive displacement pumps and flow meters, health and science technologies like precision fluidics and degassing equipment, and fire and safety products such as firefighting pumps and hydraulic rescue tools.

IDEX Corporation has a significant global presence, operating in approximately 20 countries and employing around 9,000 people as of February 2025. The company's operations span North America, South America, Europe, Asia, and Australia, with approximately 50% of its revenue generated in the US. Its headquarters are in Northbrook, Illinois, USA.

IDEX Corporation maintains a strong market position due to its diversified portfolio of highly engineered products and its leadership in niche markets. The company's reputation is built on providing mission-critical equipment that often holds the number-one or number-two market share in its specialized areas. Its focus on operational excellence through the IDEX Business System and the 80/20 principle contributes to strong margins and profitability. Strategic acquisitions also play a role in strengthening its businesses and expanding its geographic exposure.

IDEX Corporation is a publicly traded company with its ownership distributed among various shareholders. Institutional investors hold a significant portion of IDEX's stock, with approximately 89.38% to 97.96% of the company's stock owned by institutional shareholders, including Vanguard Group Inc., Wellington Management Group Llp, and BlackRock, Inc. Individual investors, including retail investors and insiders, hold a smaller percentage, with insiders owning approximately 0.17% to 2.62% of the stock.