Hsbc Holdings PLC raised its position in IDEX Corporation (NYSE:IEX – Free Report) by 26.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 297,161 shares of the industrial products company’s stock after acquiring an additional 62,972 shares during the quarter. Hsbc Holdings PLC’s holdings in IDEX were worth $56,203,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Primecap Management Co. CA increased its position in IDEX by 86.5% during the 4th quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock worth $574,174,000 after purchasing an additional 1,496,207 shares during the period. Dodge & Cox boosted its stake in shares of IDEX by 266.7% in the fourth quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company’s stock valued at $224,658,000 after buying an additional 918,208 shares in the last quarter. Norges Bank acquired a new position in IDEX during the fourth quarter worth $162,788,000. Millennium Management LLC raised its position in IDEX by 293.6% in the fourth quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company’s stock worth $189,286,000 after acquiring an additional 793,530 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in IDEX by 35,817.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 720,142 shares of the industrial products company’s stock worth $128,142,000 after acquiring an additional 718,137 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have commented on IEX shares. Weiss Ratings upgraded shares of IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Citigroup boosted their price objective on shares of IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a 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. TD Cowen lifted their price target on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird set a $257.00 price target on IDEX in a research note on Thursday, April 30th. Six equities 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, IDEX has a consensus rating of “Moderate Buy” and an average target price of $242.89.
Insider Activity at IDEX
In related news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 66,658 shares in the company, valued at approximately $14,346,134.76. This trade represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.50% of the stock is owned by insiders.
IDEX Stock Performance
Shares of IEX stock opened at $221.09 on Tuesday. 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 Corporation has a 12 month low of $157.25 and a 12 month high of $231.70. The company’s fifty day moving average price is $218.25 and its two-hundred day moving average price is $205.91. The firm has a market capitalization of $16.36 billion, a P/E ratio of 32.71, a P/E/G ratio of 2.21 and a beta of 0.98.
IDEX (NYSE:IEX – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The company had revenue of $886.90 million for the quarter, compared to the consensus estimate of $845.58 million. During the same period last year, the firm posted $1.75 EPS. The company’s revenue for the quarter 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. On average, research analysts anticipate that IDEX Corporation will post 8.49 earnings per share for the current fiscal year.
IDEX Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 6th will be paid a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, July 6th. IDEX’s payout ratio is currently 43.20%.
IDEX Company Profile
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.
Read More
- Five stocks we like better than IDEX
- The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence
- Is Domino’s Stock Serving Up a Buying Opportunity?
- A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free
- Why Gold Miners Could Be the Market’s Biggest Comeback Story
Want to see what other hedge funds are holding IEX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for IDEX Corporation (NYSE:IEX – Free Report).
Receive News & Ratings for IDEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDEX and related companies with MarketBeat.com's FREE daily email newsletter.
