IDEX Corporation $IEX Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its stake in IDEX Corporation (NYSE:IEX) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,189 shares of the industrial products company’s stock after selling 19,808 shares during the period. Hsbc Holdings PLC’s holdings in IDEX were worth $41,681,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GoalVest Advisory LLC acquired a new position in IDEX in the fourth quarter valued at $26,000. Laurel Wealth Advisors LLC purchased a new stake in shares of IDEX in the 4th quarter valued at about $27,000. Cromwell Holdings LLC boosted its position in shares of IDEX by 41.1% in the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 58 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of IDEX in the 2nd quarter valued at about $35,000. Finally, MUFG Securities EMEA plc purchased a new position in IDEX during the 2nd quarter worth approximately $39,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at IDEX

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

IDEX Stock Down 1.8%

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 business has a 50 day moving average price of $212.60 and a two-hundred day moving average price of $199.84. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. 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.

IDEX (NYSE:IEX) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.22. The company had revenue of $886.90 million for the quarter, compared to the consensus estimate of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The company’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the business posted $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, research analysts anticipate that IDEX Corporation will post 8.49 EPS for the current year.

IDEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Monday, July 6th will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, July 6th. IDEX’s dividend payout ratio (DPR) is 43.20%.

Wall Street Analyst Weigh In

Several research firms have commented on IEX. TD Cowen lifted their price target on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. BMO Capital Markets started coverage on shares of IDEX in a research report on Friday, March 27th. They set a “market perform” rating and a $214.00 target price on the stock. Royal Bank Of Canada lifted their target price on shares of IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Citigroup upped their price target on shares of IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Oppenheimer reiterated an “outperform” rating and set a $250.00 price target (up from $242.00) on shares of IDEX in a research note on Tuesday, June 2nd. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock 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.