Hsbc Holdings PLC Boosts Stock Position in IDEX Corporation $IEX

Hsbc Holdings PLC lifted its holdings in shares of IDEX Corporation (NYSE:IEX) by 35.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 403,063 shares of the industrial products company’s stock after purchasing an additional 105,902 shares during the quarter. Hsbc Holdings PLC owned about 0.55% of IDEX worth $91,474,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of IEX. Empowered Funds LLC raised its position in IDEX by 3.4% in the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after purchasing an additional 54 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in IDEX by 4.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company’s stock valued at $274,000 after acquiring an additional 56 shares during the last quarter. Evolve Private Wealth LLC lifted its holdings in shares of IDEX by 2.8% in the 1st quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock valued at $403,000 after purchasing an additional 58 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of IDEX by 2.6% in the first quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company’s stock valued at $463,000 after acquiring an additional 62 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in IDEX by 2.8% during the 4th quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company’s stock worth $458,000 after purchasing an additional 70 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at IDEX

In other news, CAO Lisa Anderson sold 385 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total transaction of $91,857.15. Following the transaction, the chief accounting officer directly owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by company insiders.

IDEX Price Performance

Shares of IDEX stock opened at $223.71 on Monday. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. IDEX Corporation has a twelve month low of $158.19 and a twelve month high of $243.80. The stock has a market capitalization of $16.49 billion, a P/E ratio of 32.19, a PEG ratio of 2.54 and a beta of 0.98. The business’s fifty day moving average price is $228.71 and its 200 day moving average price is $214.28.

IDEX (NYSE:IEX) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The firm had revenue of $920.60 million during the quarter, compared to the consensus estimate of $905.38 million. During the same quarter in the prior year, the company earned $2.07 EPS. The company’s revenue was up 6.4% on a year-over-year basis. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. As a group, research analysts anticipate that IDEX Corporation will post 8.82 earnings per share for the current year.

IDEX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 6th were paid a $0.73 dividend. The ex-dividend date was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. IDEX’s dividend payout ratio (DPR) is 42.01%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and set a $265.00 price objective on shares of IDEX in a research report on Thursday, July 30th. Argus boosted their price objective on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Citigroup boosted their target price on IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Mizuho raised shares of IDEX from a “neutral” rating to an “outperform” rating and upped their price target for the company from $210.00 to $280.00 in a report on Tuesday, August 11th. Finally, DA Davidson increased their price objective on IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $260.80.

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.