Banco Bilbao Vizcaya Argentaria S.A. Acquires 1,658 Shares of IDEX Corporation $IEX

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in IDEX Corporation by 44.4%, acquiring 1,658 shares, bringing their total to 5,393 shares valued at approximately $970,000.
• Multiple institutional investors have adjusted their stakes in IDEX, with significant increases from Dimensional Fund Advisors LP and Snyder Capital Management L P, among others, indicating growing interest in the company.
• IDEX reported earnings of $2.07 per share for the last quarter, exceeding expectations and marking a 7.2% increase in revenue year-over-year, while setting guidance for Q3 2025 at 1.900-1.950 EPS.

Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of IDEX Corporation (NYSE:IEX - Free Report) by 44.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,393 shares of the industrial products company's stock after purchasing an additional 1,658 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in IDEX were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of IDEX by 13.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 640,717 shares of the industrial products company's stock valued at $134,096,000 after purchasing an additional 73,540 shares in the last quarter. Snyder Capital Management L P grew its stake in IDEX by 12.2% in the 4th quarter. Snyder Capital Management L P now owns 480,193 shares of the industrial products company's stock valued at $100,500,000 after buying an additional 52,259 shares during the last quarter. Amalgamated Bank grew its stake in IDEX by 1.0% in the 1st quarter. Amalgamated Bank now owns 14,731 shares of the industrial products company's stock valued at $2,666,000 after buying an additional 141 shares during the last quarter. GAMMA Investing LLC grew its stake in IDEX by 49.0% in the 1st quarter. GAMMA Investing LLC now owns 915 shares of the industrial products company's stock valued at $166,000 after buying an additional 301 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in IDEX by 0.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,332 shares of the industrial products company's stock valued at $1,508,000 after buying an additional 61 shares during the last quarter. Institutional investors own 97.96% of the company's stock.

Wall Street Analysts Forecast Growth

IEX has been the topic of a number of research analyst reports. Robert W. Baird set a $215.00 target price on shares of IDEX in a research note on Friday, May 2nd. Oppenheimer lowered their target price on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Citigroup raised their target price on shares of IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Royal Bank Of Canada lowered their target price on shares of IDEX from $207.00 to $200.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Finally, DA Davidson set a $180.00 target price on shares of IDEX and gave the company a "neutral" rating in a research note on Monday, August 4th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, IDEX presently has a consensus rating of "Moderate Buy" and a consensus target price of $201.71.

Insider Activity

In other news, CFO Akhil Mahendra sold 250 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $180.89, for a total transaction of $45,222.50. Following the transaction, the chief financial officer owned 5,035 shares in the company, valued at approximately $910,781.15. The trade was a 4.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company's stock.

IDEX Stock Performance

NYSE:IEX opened at $168.45 on Friday. The firm's 50-day moving average is $173.92 and its 200-day moving average is $179.34. IDEX Corporation has a 52-week low of $153.36 and a 52-week high of $238.22. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.13 and a current ratio of 3.05. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.71 and a beta of 1.04.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.07. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The company had revenue of $865.40 million for the quarter, compared to the consensus estimate of $858.59 million. During the same quarter in the previous year, the firm posted $2.06 EPS. The business's revenue was up 7.2% compared to the same quarter last year. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. Equities research analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current year.

IDEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were issued a dividend of $0.71 per share. The ex-dividend date was Friday, July 11th. This represents a $2.84 annualized dividend and a dividend yield of 1.7%. IDEX's payout ratio is presently 45.88%.

IDEX 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.

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