Baader Bank Aktiengesellschaft Has $2.32 Million Stake in IDEX Corporation $IEX

Baader Bank Aktiengesellschaft reduced its stake in shares of IDEX Corporation (NYSE:IEX) by 55.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,252 shares of the industrial products company’s stock after selling 15,557 shares during the period. Baader Bank Aktiengesellschaft’s holdings in IDEX were worth $2,320,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in IDEX by 3.4% in the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after acquiring an additional 54 shares in the last quarter. Cromwell Holdings LLC increased its holdings in 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 in the last quarter. Evolve Private Wealth LLC increased its holdings in IDEX by 2.8% during the 1st quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock worth $403,000 after purchasing an additional 58 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of IDEX by 2.6% in the 1st quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company’s stock valued at $463,000 after purchasing an additional 62 shares during the period. Finally, Mackenzie Financial Corp raised its stake in shares of IDEX by 2.8% in the 4th quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company’s stock valued at $458,000 after purchasing an additional 70 shares during the period. Institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

NYSE:IEX opened at $221.09 on Tuesday. The company has a market cap of $16.36 billion, a P/E ratio of 32.71, a P/E/G ratio of 2.21 and a beta of 0.98. The firm’s fifty day moving average price is $218.25 and its two-hundred day moving average price is $205.91. IDEX Corporation has a one year low of $157.25 and a one year high of $231.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40.

IDEX (NYSE:IEX) last announced 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 company had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. During the same quarter last year, the company earned $1.75 earnings per share. The firm’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. Equities 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. Investors of record on Monday, July 6th will be paid a $0.73 dividend. The ex-dividend date is Monday, July 6th. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. IDEX’s dividend payout ratio is 43.20%.

Insider Activity at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. This trade represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

IEX has been the subject of a number of recent research reports. Citigroup upped their price target on IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Stifel Nicolaus boosted their price objective on shares of IDEX from $250.00 to $257.00 and gave the stock a “buy” rating in a research report on Monday. Weiss Ratings upgraded shares of IDEX from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Seaport Research Partners reaffirmed a “buy” rating and issued a $250.00 target price on shares of IDEX in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada lifted their price target on shares of IDEX from $252.00 to $261.00 and gave the company an “outperform” rating in a research note on Thursday. Six 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $242.89.

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.