5 Stocks to Buy According to Ian Simm’s Impax Management

4. IDEX Corporation (NYSE:IEX)

Impax Management Stake Value: $669,555,000
Percentage of Impax Management’s 13F Portfolio: 2.74%
Number of Hedge Fund Holders: 18

IDEX Corporation (NYSE:IEX) is a publicly listed corporation situated in Northbrook, Illinois, that develops, designs, and manufactures fluidics systems and specialized manufactured products. In November, IDEX Corporation (NYSE:IEX) announced a quarterly dividend of $0.54 per share, in line with the previous.

On November 22, Loop Capital analyst Scott Graham initiated coverage of IDEX Corporation (NYSE:IEX) with a “Hold” rating and gave a price target of $234. In the third quarter financial results, IDEX Corporation (NYSE:IEX) beat market predictions on earnings per share by $0.04. Revenue for the quarter was $712.09 million, up 22.5% year over year and $14.65 million ahead of market expectations.

IDEX Corporation (NYSE:IEX) was in 18 hedge funds’ portfolios in the third quarter of 2021. There were 22 hedge funds in our database with IEX holdings in the previous quarter. Impax Asset Management, managed by Ian Simm, is the company’s largest stakeholder, with a $669.56 million holding.