Hsbc Holdings PLC Sells 19,808 Shares of IDEX Corporation $IEX

Hsbc Holdings PLC lowered its holdings in shares of IDEX Corporation (NYSE:IEX) by 7.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 234,189 shares of the industrial products company’s stock after selling 19,808 shares during the period. Hsbc Holdings PLC owned 0.31% of IDEX worth $41,681,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. GoalVest Advisory LLC bought a new position in shares of IDEX during the 4th quarter worth approximately $26,000. Laurel Wealth Advisors LLC acquired a new stake in IDEX during the 4th quarter valued at $27,000. Cromwell Holdings LLC boosted its position in IDEX by 41.1% during the fourth quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 58 shares during the period. CYBER HORNET ETFs LLC bought a new position in IDEX during the second quarter worth $35,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of IDEX in the second quarter valued at $39,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Trading Up 0.2%

IEX stock opened at $224.26 on Monday. IDEX Corporation has a 52 week low of $157.25 and a 52 week high of $230.18. The company has a market capitalization of $16.60 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98. The company’s 50-day simple moving average is $216.05 and its 200 day simple moving average is $202.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share 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 business’s revenue was up 8.9% on a year-over-year basis. During the same quarter 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. As a group, sell-side analysts anticipate that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Announces Dividend

The business 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. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, July 6th. IDEX’s payout ratio is 43.20%.

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 transaction, the chief executive officer owned 66,658 shares in the company, valued at $14,346,134.76. This trade represents a 18.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Oppenheimer reissued an “outperform” rating and issued a $250.00 price objective (up from $242.00) on shares of IDEX in a research report on Tuesday, June 2nd. Seaport Research Partners reiterated a “buy” rating and issued a $250.00 price target on shares of IDEX in a research note on Tuesday, May 5th. Stifel Nicolaus set a $250.00 price target on shares of IDEX in a report on Thursday, April 30th. TD Cowen raised their price objective on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings upgraded IDEX from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, IDEX presently has an average rating of “Moderate Buy” and a consensus price target of $241.11.

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.