BI Asset Management Fondsmaeglerselskab A S Lowers Position in IDEX Corporation $IEX

BI Asset Management Fondsmaeglerselskab A S decreased its position in shares of IDEX Corporation (NYSE:IEX) by 76.6% during the first quarter, Holdings Channel.com reports. The firm owned 958 shares of the industrial products company’s stock after selling 3,132 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in IDEX were worth $182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in IEX. Primecap Management Co. CA raised its position in shares of IDEX by 86.5% in the fourth quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock worth $574,174,000 after acquiring an additional 1,496,207 shares during the period. Dodge & Cox increased its position in shares of IDEX by 266.7% in the fourth quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company’s stock valued at $224,658,000 after buying an additional 918,208 shares in the last quarter. Norges Bank purchased a new stake in shares of IDEX in the fourth quarter valued at approximately $162,788,000. Millennium Management LLC raised its stake in shares of IDEX by 293.6% during the 4th quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company’s stock worth $189,286,000 after buying an additional 793,530 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in shares of IDEX by 35,817.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 720,142 shares of the industrial products company’s stock valued at $128,142,000 after buying an additional 718,137 shares in the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were 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 trade represents a 18.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Robert W. Baird set a $257.00 price objective on shares of IDEX in a report on Thursday, April 30th. Citigroup lifted their target price on shares of IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. BMO Capital Markets assumed coverage on shares of IDEX in a research note on Friday, March 27th. They set a “market perform” rating and a $214.00 target price for the company. Finally, TD Cowen raised their price target on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $241.11.

IDEX Trading Up 2.6%

Shares of IEX opened at $228.01 on Friday. IDEX Corporation has a 52-week low of $157.25 and a 52-week high of $230.18. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average is $213.40 and its two-hundred day moving average is $200.50. The stock has a market cap of $16.87 billion, a PE ratio of 33.73, a price-to-earnings-growth ratio of 2.18 and a beta of 1.00.

IDEX (NYSE:IEX) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.22. The business had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business 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. Research analysts forecast that IDEX Corporation will post 8.49 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, July 6th will be issued a $0.73 dividend. The ex-dividend date is Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. IDEX’s dividend payout ratio is presently 43.20%.

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.