Bank Julius Baer & Co. Ltd Zurich Sells 12,563 Shares of IDEX Corporation $IEX

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in shares of IDEX Corporation (NYSE:IEX) by 91.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,200 shares of the industrial products company’s stock after selling 12,563 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in IDEX were worth $214,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. GoalVest Advisory LLC bought a new stake in IDEX during the 4th quarter worth approximately $26,000. Laurel Wealth Advisors LLC bought a new stake in IDEX during the 4th quarter worth approximately $27,000. UMB Bank n.a. increased its stake in IDEX by 61.0% during the 3rd quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 75 shares in the last quarter. Cromwell Holdings LLC increased its stake 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. Finally, CYBER HORNET ETFs LLC bought a new stake in IDEX during the 2nd quarter worth approximately $35,000. 97.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on IEX shares. Robert W. Baird set a $257.00 target price on IDEX in a research note on Thursday, April 30th. Stifel Nicolaus set a $250.00 price target on shares of IDEX in a research note on Thursday, April 30th. Seaport Research Partners reaffirmed a “buy” rating and set a $250.00 price target on shares of IDEX in a research note on Tuesday, May 5th. TD Cowen raised their price target on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Argus raised shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 price target for the company in a research note on Friday, February 6th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, IDEX presently has an average rating of “Moderate Buy” and an average price target of $240.22.

Insider Transactions at IDEX

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by corporate insiders.

IDEX Trading Up 0.0%

Shares of IDEX stock opened at $207.72 on Monday. The business has a fifty day simple moving average of $199.95 and a two-hundred day simple moving average of $191.10. IDEX Corporation has a 1 year low of $157.25 and a 1 year high of $223.85. The company has a market capitalization of $15.37 billion, a price-to-earnings ratio of 30.73, a P/E/G ratio of 2.04 and a beta of 1.02. 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 quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $845.58 million. During the same quarter last year, the firm posted $1.75 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. 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 8.5 EPS for the current year.

IDEX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 annualized dividend and a yield of 1.4%. This is a positive change from IDEX’s previous quarterly dividend of $0.71. IDEX’s payout ratio is 42.01%.

About IDEX

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.