BNP Paribas Financial Markets Sells 57,262 Shares of IDEX Corporation $IEX

Key Points

• BNP Paribas Financial Markets cut its IDEX position by 38% in the fourth quarter, selling 57,262 shares and leaving it with 93,371 shares worth about $16.6 million.
• IDEX posted strong quarterly results, with EPS of $2.00 beating estimates and revenue of $886.9 million topping forecasts; the company also raised its guidance for Q2 and FY 2026.
• The company increased its dividend to $0.73 per quarter from $0.71, lifting the annualized payout to $2.92 per share and a 1.4% yield.

BNP Paribas Financial Markets reduced its position in IDEX Corporation (NYSE:IEX - Free Report) by 38.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,371 shares of the industrial products company's stock after selling 57,262 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.12% of IDEX worth $16,614,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GoalVest Advisory LLC bought a new position in IDEX in the fourth quarter worth $26,000. Laurel Wealth Advisors LLC bought a new position in shares of IDEX during the fourth quarter valued at $27,000. UMB Bank n.a. lifted its holdings in shares of IDEX by 61.0% during the third quarter. UMB Bank n.a. now owns 198 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 75 shares during the period. Cromwell Holdings LLC lifted its holdings in shares of IDEX by 41.1% during the fourth quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company's stock valued at $35,000 after acquiring an additional 58 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new position in shares of IDEX during the second quarter valued at $35,000. 97.96% of the stock is owned by institutional investors.

IDEX Stock Down 0.4%

IEX stock opened at $215.48 on Friday. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $15.95 billion, a PE ratio of 31.88, a PEG ratio of 2.11 and a beta of 1.00. IDEX Corporation has a 1-year low of $157.25 and a 1-year high of $223.85. The business's 50 day simple moving average is $205.49 and its 200 day simple moving average is $195.32.

IDEX (NYSE:IEX - Get Free Report) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.22. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The business had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. During the same period in the previous year, the firm earned $1.75 EPS. The firm's revenue was up 8.9% compared to the same quarter last year. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. As a group, research analysts anticipate that IDEX Corporation will post 8.49 EPS for the current year.

IDEX Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a $0.73 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.4%. This is a positive change from IDEX's previous quarterly dividend of $0.71. IDEX's payout ratio is currently 43.20%.

Insider Buying and Selling

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the company's stock in a transaction on Monday, May 11th. The stock was sold at an average price of $215.22, for a total value of $3,311,159.70. Following the transaction, the chief executive officer directly owned 66,658 shares of the company's stock, valued at $14,346,134.76. This represents a 18.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on IEX shares. Citigroup raised their target price on IDEX from $243.00 to $252.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. TD Cowen boosted their target price on IDEX from $250.00 to $260.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Robert W. Baird set a $257.00 target price on IDEX in a research note on Thursday, April 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of IDEX in a research note on Monday, April 20th. Finally, Royal Bank Of Canada upped their price objective on IDEX from $225.00 to $252.00 and gave the stock an "outperform" rating in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $241.11.

IDEX Company Profile

IDEX Corporation is a diversified industrial manufacturer specializing in the design, production and distribution of highly engineered fluidics systems, measurement technologies and safety solutions. The company's core offerings include positive-displacement pumps, flow meters, valves, sampling systems and analytical instruments that serve a wide range of end markets such as water treatment, chemical processing, energy, food and beverage, and life sciences. Through its focus on precision engineering and proprietary material science, IDEX delivers products designed for reliability in demanding applications.

Operations at IDEX are organized into three principal segments.

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