BI Asset Management Fondsmaeglerselskab A S Cuts Stock Holdings in IDEX Corporation $IEX

BI Asset Management Fondsmaeglerselskab A S lowered its holdings in IDEX Corporation (NYSE:IEX) by 76.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 958 shares of the industrial products company’s stock after selling 3,132 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in IDEX were worth $182,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GoalVest Advisory LLC bought a new stake in IDEX during the 4th quarter valued at $26,000. Laurel Wealth Advisors LLC bought a new position in shares of IDEX in the 4th quarter worth $27,000. CYBER HORNET ETFs LLC purchased a new stake in shares of IDEX during the 2nd quarter worth $35,000. Cromwell Holdings LLC lifted its stake in shares of IDEX by 41.1% during the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 58 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in IDEX during the second quarter valued at about $39,000. 97.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Robert W. Baird set a $257.00 target price on shares of IDEX in a research report on Thursday, April 30th. TD Cowen raised their target price 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. BMO Capital Markets began coverage on shares of IDEX in a report on Friday, March 27th. They issued a “market perform” rating and a $214.00 price target on the stock. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $250.00 price target (up from $242.00) on shares of IDEX in a research report on Tuesday, June 2nd. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, IDEX currently has an average rating of “Moderate Buy” and an average target price of $241.11.

Insider Buying and Selling

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the completion of the sale, the chief executive officer directly owned 66,658 shares in the company, valued at approximately $14,346,134.76. The trade was a 18.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

IDEX Stock Performance

Shares of IEX stock opened at $228.01 on Friday. The business has a fifty day moving average of $213.40 and a 200 day moving average of $200.50. IDEX Corporation has a 1 year low of $157.25 and a 1 year high of $230.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40. The firm has a market capitalization of $16.87 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 2.18 and a beta of 1.00.

IDEX (NYSE:IEX) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $845.58 million. During the same quarter in the previous year, the business earned $1.75 EPS. The company’s quarterly 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 expect that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, July 6th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend 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 (DPR) is currently 43.20%.

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.