Hsbc Holdings PLC Has $41.68 Million Position in IDEX Corporation $IEX

Hsbc Holdings PLC lessened its position in shares of IDEX Corporation (NYSE:IEX) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 234,189 shares of the industrial products company’s stock after selling 19,808 shares during the period. Hsbc Holdings PLC’s holdings in IDEX were worth $41,681,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in IEX. GoalVest Advisory LLC acquired a new position in IDEX during the fourth quarter valued at approximately $26,000. Laurel Wealth Advisors LLC acquired a new stake in shares of IDEX in the 4th quarter valued at $27,000. Cromwell Holdings LLC increased its stake in shares of IDEX by 41.1% in the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 58 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of IDEX in the 2nd quarter valued at $35,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of IDEX during the 2nd quarter worth $39,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on IEX. Robert W. Baird set a $257.00 price objective on IDEX in a research note on Thursday, April 30th. BMO Capital Markets assumed coverage on shares of IDEX in a report on Friday, March 27th. They issued a “market perform” rating and a $214.00 target price for the company. Citigroup increased their target price on shares of IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings raised shares of IDEX from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada upped their price objective on shares of IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, IDEX has a consensus rating of “Moderate Buy” and an average target price of $241.11.

Insider Activity

In related news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at $14,346,134.76. The trade was a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

IDEX Price Performance

IEX stock opened at $224.26 on Monday. The company has a market capitalization of $16.60 billion, a P/E ratio of 33.17, a PEG ratio of 2.20 and a beta of 0.98. The company has a fifty day moving average price of $216.05 and a 200-day moving average price of $202.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. IDEX Corporation has a 52-week low of $157.25 and a 52-week high of $230.18.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.22. The company had revenue of $886.90 million for the quarter, compared to analysts’ expectations of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. IDEX’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.75 earnings per share. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. As a group, equities analysts expect that IDEX Corporation will post 8.49 EPS for the current year.

IDEX Dividend Announcement

The business also recently declared 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. 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 is presently 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.