BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $18.62 Million Holdings in IDEX Corporation $IEX

Key Points

• BNP Paribas Asset Management reduced its holdings in IDEX Corporation by 3.6% during the first quarter, ending with 102,907 shares valued at $18.62 million.
• Other investors like Wellington Management and Impax Asset Management increased their stakes in IDEX, indicating growing institutional interest in the company.
• IDEX recently announced a quarterly dividend of $0.71 per share, representing an annualized yield of 1.7% and a payout ratio of 45.88%.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its position in shares of IDEX Corporation (NYSE:IEX - Free Report) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,907 shares of the industrial products company's stock after selling 3,883 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.14% of IDEX worth $18,623,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of IDEX by 81.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock worth $26,000 after acquiring an additional 64 shares during the period. Banque de Luxembourg S.A. bought a new stake in shares of IDEX during the 4th quarter worth approximately $27,000. UMB Bank n.a. lifted its holdings in shares of IDEX by 63.5% during the 1st quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock worth $41,000 after acquiring an additional 87 shares during the period. Quarry LP bought a new stake in shares of IDEX during the 4th quarter worth approximately $49,000. Finally, Federated Hermes Inc. lifted its holdings in shares of IDEX by 42.9% during the 1st quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company's stock worth $60,000 after acquiring an additional 100 shares during the period. Institutional investors own 97.96% of the company's stock.

Insider Transactions at IDEX

In other IDEX news, CFO Akhil Mahendra sold 250 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $180.89, for a total value of $45,222.50. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company's stock.

IDEX Trading Down 1.0%

NYSE IEX traded down $1.64 on Wednesday, hitting $164.26. The company's stock had a trading volume of 705,101 shares, compared to its average volume of 872,539. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 1-year low of $153.36 and a 1-year high of $238.22. The company's 50-day moving average is $174.51 and its 200 day moving average is $180.08. The firm has a market cap of $12.37 billion, a PE ratio of 26.54, a PEG ratio of 1.75 and a beta of 1.04.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $865.40 million during the quarter, compared to analysts' expectations of $858.59 million. During the same period in the prior year, the company posted $2.06 EPS. The company's 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, analysts predict that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, July 11th. IDEX's dividend payout ratio is 45.88%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IEX. DA Davidson set a $180.00 price objective on shares of IDEX and gave the company a "neutral" rating in a research note on Monday, August 4th. Royal Bank Of Canada dropped their price objective on shares of IDEX from $207.00 to $200.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Mizuho set a $185.00 price objective on shares of IDEX in a research note on Friday, May 16th. Citigroup increased their price objective 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. Finally, Robert W. Baird set a $215.00 price objective on shares of IDEX in a research note on Friday, May 2nd. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $201.71.

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.