BNP Paribas Financial Markets Grows Stock Position in IDEX Corporation $IEX

Key Points

• BNP Paribas Financial Markets increased its stake in IDEX Corporation by 41.6% during the 1st quarter, owning about 0.23% of the company valued at approximately $32 million.
• IDEX reported a 7.2% year-over-year revenue increase, with earnings of $2.07 per share that exceeded analysts' expectations of $2.00.
• The company announced a quarterly dividend of $0.71, translating to an annualized yield of 1.7% and a dividend payout ratio of 45.88%.

BNP Paribas Financial Markets grew its holdings in IDEX Corporation (NYSE:IEX - Free Report) by 41.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,097 shares of the industrial products company's stock after purchasing an additional 51,996 shares during the period. BNP Paribas Financial Markets owned about 0.23% of IDEX worth $32,049,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IEX. MassMutual Private Wealth & Trust FSB grew its holdings 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 worth $26,000 after acquiring an additional 64 shares during the period. UMB Bank n.a. lifted its position in shares of IDEX by 63.5% in the first quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 87 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of IDEX in the first quarter valued at about $56,000. Federated Hermes Inc. lifted its position in shares of IDEX by 42.9% in the first quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company's stock valued at $60,000 after acquiring an additional 100 shares in the last quarter. Finally, Orion Capital Management LLC purchased a new stake in shares of IDEX in the fourth quarter worth about $86,000. Institutional investors own 97.96% of the company's stock.

IDEX Trading Down 0.1%

Shares of IEX traded down $0.14 during mid-day trading on Friday, reaching $164.72. 647,510 shares of the company's stock traded hands, compared to its average volume of 681,755. The stock has a market cap of $12.40 billion, a P/E ratio of 26.61, a P/E/G ratio of 1.74 and a beta of 1.02. The stock's 50-day moving average is $171.74 and its two-hundred day moving average is $177.04. IDEX Corporation has a 12 month low of $153.36 and a 12 month high of $238.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.13.

IDEX (NYSE:IEX - Get Free Report) last released its earnings results 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. The firm had revenue of $865.40 million for the quarter, compared to analysts' expectations of $858.59 million. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The company's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.06 earnings per share. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. Research analysts forecast that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

IDEX Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on IEX shares. Citigroup boosted their target price on IDEX from $208.00 to $216.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Royal Bank Of Canada reduced their price objective on IDEX from $207.00 to $200.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. Stifel Nicolaus reduced their price objective on IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. DA Davidson set a $180.00 price objective on IDEX and gave the stock a "neutral" rating in a research note on Monday, August 4th. Finally, Oppenheimer reduced their price objective on IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a research note on Thursday, July 31st. 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 MarketBeat, the company has a consensus 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.