Hikari Power Ltd Cuts Holdings in IDEX Corporation $IEX

Hikari Power Ltd lowered its stake in IDEX Corporation (NYSE:IEX) by 62.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,660 shares of the industrial products company’s stock after selling 2,710 shares during the period. Hikari Power Ltd’s holdings in IDEX were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. GoalVest Advisory LLC purchased a new stake in shares of IDEX during the fourth quarter worth approximately $26,000. Laurel Wealth Advisors LLC purchased a new position in IDEX in the fourth quarter worth approximately $27,000. SJS Investment Consulting Inc. grew its holdings in IDEX by 104.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 76 shares in the last quarter. Cromwell Holdings LLC grew its holdings in IDEX by 41.1% during the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 58 shares in the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of IDEX in the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Stock Down 1.3%

IEX stock opened at $218.26 on Thursday. The stock has a market cap of $16.15 billion, a P/E ratio of 32.29, a PEG ratio of 2.17 and a beta of 0.98. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. IDEX Corporation has a twelve month low of $157.25 and a twelve month high of $230.18. The company’s 50 day moving average is $216.95 and its two-hundred day moving average is $203.47.

IDEX (NYSE:IEX) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.22. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The business had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $845.58 million. During the same quarter in the prior year, the business 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. Research analysts expect 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. Shareholders of record on Monday, July 6th will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Monday, July 6th. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. IDEX’s dividend payout ratio (DPR) is presently 43.20%.

Insider Activity at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $215.22, for a total value of $3,311,159.70. Following the completion of the sale, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. The trade was a 18.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on IEX. Oppenheimer restated an “outperform” rating and issued a $250.00 price objective (up from $242.00) on shares of IDEX in a report on Tuesday, June 2nd. Seaport Research Partners reissued a “buy” rating and issued a $250.00 target price on shares of IDEX in a report on Tuesday, May 5th. Royal Bank Of Canada raised their price target on IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. TD Cowen lifted their price target on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Weiss Ratings raised IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, IDEX presently has a consensus rating of “Moderate Buy” and an average target price of $241.11.

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.