Baird Financial Group Inc. Has $543,000 Position in IDEX Corporation $IEX

Baird Financial Group Inc. cut its holdings in IDEX Corporation (NYSE:IEX) by 98.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,999 shares of the industrial products company’s stock after selling 253,250 shares during the quarter. Baird Financial Group Inc.’s holdings in IDEX were worth $543,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IEX. Cetera Investment Advisers lifted its stake in IDEX by 18.4% in the fourth quarter. Cetera Investment Advisers now owns 4,867 shares of the industrial products company’s stock valued at $1,019,000 after acquiring an additional 758 shares during the last quarter. Focus Partners Wealth lifted its stake in IDEX by 2.6% in the fourth quarter. Focus Partners Wealth now owns 8,494 shares of the industrial products company’s stock valued at $1,778,000 after acquiring an additional 212 shares during the last quarter. Janus Henderson Group PLC lifted its stake in IDEX by 16.9% in the fourth quarter. Janus Henderson Group PLC now owns 8,816 shares of the industrial products company’s stock valued at $1,846,000 after acquiring an additional 1,273 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new stake in IDEX in the fourth quarter valued at approximately $1,360,000. Finally, Laird Norton Wetherby Wealth Management LLC lifted its stake in IDEX by 3.2% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 2,127 shares of the industrial products company’s stock valued at $445,000 after acquiring an additional 66 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Trading Down 1.1%

Shares of IEX stock opened at $160.23 on Thursday. IDEX Corporation has a 1 year low of $153.36 and a 1 year high of $238.22. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.46. The firm’s fifty day simple moving average is $170.70 and its 200 day simple moving average is $176.49. The firm has a market capitalization of $12.06 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 1.71 and a beta of 1.02.

IDEX (NYSE:IEX) last posted its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.07. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The firm had revenue of $865.40 million for the quarter, compared to the consensus estimate of $858.59 million. During the same quarter in the previous year, the company earned $2.06 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. As a group, sell-side analysts predict that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were paid a dividend of $0.71 per share. The ex-dividend date was Friday, July 11th. This represents a $2.84 dividend on an annualized basis and a yield of 1.8%. IDEX’s payout ratio is currently 45.88%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on IEX shares. Citigroup lifted their target price on shares of IDEX from $208.00 to $216.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Mizuho set a $185.00 price target on shares of IDEX in a research report on Friday, May 16th. DA Davidson set a $180.00 price target on shares of IDEX and gave the company a “neutral” rating in a research report on Monday, August 4th. Oppenheimer dropped their price target on shares of IDEX from $224.00 to $212.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada dropped their price target on shares of IDEX from $207.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, IDEX presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.71.

IDEX Company Profile

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.