BLI Banque de Luxembourg Investments Has $33.88 Million Stake in IDEX Corporation $IEX

BLI Banque de Luxembourg Investments increased its position in IDEX Corporation (NYSE:IEX) by 22.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 188,900 shares of the industrial products company’s stock after buying an additional 34,100 shares during the period. IDEX accounts for 1.0% of BLI Banque de Luxembourg Investments’ portfolio, making the stock its 28th largest holding. BLI Banque de Luxembourg Investments’ holdings in IDEX were worth $33,882,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in IDEX by 3.4% in the third quarter. Wellington Management Group LLP now owns 6,477,929 shares of the industrial products company’s stock worth $1,054,348,000 after buying an additional 211,696 shares during the last quarter. State Street Corp increased its holdings in IDEX by 1.8% in the third quarter. State Street Corp now owns 3,154,742 shares of the industrial products company’s stock worth $513,466,000 after buying an additional 54,990 shares during the last quarter. Geode Capital Management LLC increased its holdings in IDEX by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock worth $360,740,000 after buying an additional 7,844 shares during the last quarter. Van ECK Associates Corp increased its holdings in IDEX by 8.3% in the third quarter. Van ECK Associates Corp now owns 1,913,157 shares of the industrial products company’s stock worth $311,385,000 after buying an additional 146,618 shares during the last quarter. Finally, Invesco Ltd. boosted its position in IDEX by 16.1% during the third quarter. Invesco Ltd. now owns 1,809,788 shares of the industrial products company’s stock worth $294,561,000 after purchasing an additional 250,447 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Stock Performance

IDEX stock opened at $218.59 on Tuesday. 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 stock has a fifty day moving average price of $206.07 and a two-hundred day moving average price of $195.95. IDEX Corporation has a 52-week low of $157.25 and a 52-week high of $223.85. The firm has a market capitalization of $16.18 billion, a P/E ratio of 32.34, a P/E/G ratio of 2.11 and a beta of 1.00.

IDEX (NYSE:IEX) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $886.90 million during the quarter, compared to analyst estimates of $845.58 million. During the same period in the prior year, the company posted $1.75 earnings per share. The business’s revenue for the quarter 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, analysts anticipate that IDEX Corporation will post 8.49 EPS for the current fiscal year.

IDEX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $0.73 dividend. This is a positive change from IDEX’s previous quarterly dividend of $0.71. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, May 22nd. IDEX’s dividend payout ratio (DPR) is presently 43.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on IEX shares. Stifel Nicolaus set a $250.00 target price on IDEX in a research report on Thursday, April 30th. Oppenheimer reaffirmed an “outperform” rating and set a $250.00 target price (up from $242.00) on shares of IDEX in a research report on Tuesday, June 2nd. TD Cowen upped their target price on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Seaport Research Partners reaffirmed a “buy” rating and set a $250.00 target price on shares of IDEX in a research report on Tuesday, May 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of IDEX in a research report on Monday, April 20th. Six 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.11.

Insider Activity

In related news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at $14,346,134.76. The trade was a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is owned by corporate 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.