BNP Paribas Financial Markets Has $16.61 Million Stock Position in IDEX Corporation $IEX

BNP Paribas Financial Markets reduced its stake in shares of IDEX Corporation (NYSE:IEX) by 38.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,371 shares of the industrial products company’s stock after selling 57,262 shares during the quarter. BNP Paribas Financial Markets’ holdings in IDEX were worth $16,614,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IEX. Primecap Management Co. CA grew its holdings in shares of IDEX by 250.7% during the 3rd quarter. Primecap Management Co. CA now owns 1,730,580 shares of the industrial products company’s stock worth $281,669,000 after purchasing an additional 1,237,129 shares in the last quarter. Norges Bank bought a new stake in shares of IDEX during the 4th quarter worth $162,788,000. Dodge & Cox bought a new stake in shares of IDEX during the 3rd quarter worth $56,045,000. Two Sigma Investments LP lifted its position in shares of IDEX by 446.8% during the 3rd quarter. Two Sigma Investments LP now owns 329,337 shares of the industrial products company’s stock worth $53,603,000 after buying an additional 269,109 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of IDEX by 16.1% during the 3rd quarter. Invesco Ltd. now owns 1,809,788 shares of the industrial products company’s stock worth $294,561,000 after buying an additional 250,447 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on IEX. 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 report on Thursday, April 30th. TD Cowen upped their price objective on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. BMO Capital Markets began coverage on IDEX in a research report on Friday, March 27th. They set a “market perform” rating and a $214.00 price objective for the company. Seaport Research Partners restated a “buy” rating and set a $250.00 price objective on shares of IDEX in a research report on Tuesday, May 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of IDEX in a research report on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $241.11.

IDEX Price Performance

IDEX 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 company has a market capitalization of $15.95 billion, a PE ratio of 31.88, a P/E/G ratio of 2.11 and a beta of 1.00. IDEX Corporation has a 12 month low of $157.25 and a 12 month high of $223.85. The stock has a 50-day moving average price of $205.49 and a two-hundred day moving average price of $195.32.

IDEX (NYSE:IEX) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.78 by $0.22. The firm had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned $1.75 earnings per share. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. Analysts expect that IDEX Corporation will post 8.49 EPS for the current year.

IDEX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a $0.73 dividend. This is a boost from IDEX’s previous quarterly dividend of $0.71. This represents a $2.92 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, May 22nd. IDEX’s dividend payout ratio is 43.20%.

Insider Activity

In other news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the completion of the transaction, the chief executive officer directly owned 66,658 shares in the company, valued at $14,346,134.76. This trade represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

IDEX 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.