IDEX Corporation $IEX Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in IDEX Corporation (NYSE:IEX) by 35.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 403,063 shares of the industrial products company’s stock after buying an additional 105,902 shares during the quarter. Hsbc Holdings PLC’s holdings in IDEX were worth $91,474,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in IDEX during the second quarter worth about $1,301,393,000. Primecap Management Co. CA acquired a new stake in shares of IDEX in the 2nd quarter worth approximately $748,951,000. Dodge & Cox lifted its holdings 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 during the period. Norges Bank acquired a new stake in IDEX during the fourth quarter valued at approximately $162,788,000. Finally, Millennium Management LLC lifted its holdings in shares of IDEX by 293.6% during the fourth quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company’s stock valued at $189,286,000 after purchasing an additional 793,530 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

IDEX Price Performance

Shares of IEX stock opened at $223.71 on Monday. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The firm has a market cap of $16.49 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 2.54 and a beta of 0.98. The stock has a 50-day moving average price of $228.71 and a 200 day moving average price of $214.28. IDEX Corporation has a 12 month low of $158.19 and a 12 month high of $243.80.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.21. The business had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. IDEX’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $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. Research analysts expect that IDEX Corporation will post 8.82 EPS for the current year.

IDEX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were given 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 was Monday, July 6th. IDEX’s dividend payout ratio (DPR) is currently 42.01%.

Insiders Place Their Bets

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 value of $91,857.15. Following the completion of the transaction, the chief accounting officer owned 4,327 shares of the company’s stock, valued at $1,032,378.93. The trade was a 8.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on IEX. DA Davidson raised their price objective on IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Citigroup raised their price objective on shares of IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $265.00 target price on shares of IDEX in a research report on Thursday, July 30th. Weiss Ratings raised IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Finally, TD Cowen upped their price objective on shares of IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.80.

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.