IDEX Corporation $IEX Stock: Vontobel Holding Ltd. Decreases Stake

Vontobel Holding Ltd. trimmed its holdings in shares of IDEX Corporation (NYSE:IEX) by 9.2% in the 3rd quarter, Holdings Channel reports. The firm owned 21,984 shares of the industrial products company’s stock after selling 2,215 shares during the quarter. Vontobel Holding Ltd.’s holdings in IDEX were worth $5,012,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Freestone Grove Partners LP purchased a new position in shares of IDEX during the second quarter worth approximately $102,523,000. Korea Investment CORP bought a new stake in shares of IDEX during the second quarter valued at approximately $7,563,000. Hsbc Holdings PLC raised its stake in shares of IDEX by 35.6% during the second quarter. Hsbc Holdings PLC now owns 403,063 shares of the industrial products company’s stock valued at $91,474,000 after acquiring an additional 105,902 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of IDEX in the second quarter valued at approximately $1,344,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of IDEX by 40.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,057 shares of the industrial products company’s stock valued at $8,351,000 after purchasing an additional 12,750 shares during the period. 97.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on IEX shares. DA Davidson increased their price objective on IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Weiss Ratings raised IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Mizuho raised IDEX from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $210.00 to $280.00 in a research report on Tuesday, August 11th. Royal Bank Of Canada upped their target price on IDEX from $280.00 to $285.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, TD Cowen increased their price target on IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Nine 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $260.73.

IDEX Price Performance

Shares of IEX opened at $235.10 on Friday. The company has a 50 day moving average price of $230.55 and a 200-day moving average price of $220.58. IDEX Corporation has a fifty-two week low of $160.60 and a fifty-two week high of $243.80. The stock has a market capitalization of $17.33 billion, a PE ratio of 33.83, a PEG ratio of 2.67 and a beta of 0.97. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05.

IDEX (NYSE:IEX) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.21. The firm had revenue of $920.60 million for the quarter, compared to the consensus estimate of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $2.07 earnings per share. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Equities analysts predict that IDEX Corporation will post 8.83 earnings per share for the current fiscal year.

IDEX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were issued a dividend of $0.73 per share. The ex-dividend date was Friday, October 2nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.2%. IDEX’s dividend payout ratio is currently 42.01%.

Insiders Place Their Bets

In other IDEX news, CAO Lisa Anderson sold 385 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total transaction of $91,857.15. Following the sale, the chief accounting officer owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. This trade represents a 8.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

About IDEX

IDEX Corporation (NYSE: IEX) is a diversified industrial company that designs, manufactures and sells engineered products and technologies used to move, control and monitor fluids. Its products serve a range of industrial, commercial and specialty applications where precision, reliability and performance are important.

The company operates through three primary segments: Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products. Its offerings include pumps, valves, flow meters, compressors, dispensing equipment, precision fluidics components and related systems.