IDEX Corporation $IEX Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC cut its position in IDEX Corporation (NYSE:IEX) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,189 shares of the industrial products company’s stock after selling 19,808 shares during the quarter. Hsbc Holdings PLC owned 0.31% of IDEX worth $41,681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in IDEX by 3.4% during 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 during the period. EverSource Wealth Advisors LLC increased its stake in IDEX by 41.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,043 shares of the industrial products company’s stock worth $183,000 after purchasing an additional 304 shares during the period. Cresset Asset Management LLC acquired a new stake in shares of IDEX during the second quarter worth about $219,000. Cerity Partners LLC boosted its stake in shares of IDEX by 23.9% in the second quarter. Cerity Partners LLC now owns 18,658 shares of the industrial products company’s stock valued at $3,276,000 after purchasing an additional 3,604 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in shares of IDEX by 4.0% in the second quarter. Daiwa Securities Group Inc. now owns 13,513 shares of the industrial products company’s stock valued at $2,373,000 after purchasing an additional 518 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on IEX shares. Seaport Research Partners reaffirmed a “buy” rating and set a $250.00 target price on shares of IDEX in a research note on Tuesday, May 5th. Weiss Ratings restated a “hold (c)” rating on shares of IDEX in a research note on Monday, April 20th. Robert W. Baird set a $257.00 price objective on IDEX in a research note on Thursday, April 30th. Royal Bank Of Canada boosted their target price on IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Finally, Citigroup increased their price target on IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.11.

Insider Activity at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of the 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 transaction, the chief executive officer owned 66,658 shares in the company, valued at approximately $14,346,134.76. This represents a 18.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

IDEX Trading Down 1.8%

Shares of NYSE:IEX opened at $221.33 on Wednesday. IDEX Corporation has a 52 week low of $157.25 and a 52 week high of $228.26. The company’s 50 day moving average is $212.60 and its two-hundred day moving average is $199.84. The company has a market cap of $16.38 billion, a PE ratio of 32.74, a P/E/G ratio of 2.21 and a beta of 1.00. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46.

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. The business had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.75 EPS. 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 predict that IDEX Corporation will post 8.49 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 6th will be given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, July 6th. IDEX’s dividend payout ratio is currently 43.20%.

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.