Comerica Bank Trims Stock Holdings in IDEX Corporation $IEX

Key Points

• Comerica Bank cut its stake in IDEX by 91.7% in Q4, selling 128,472 shares and leaving 11,578 shares valued at about $2.06 million at quarter-end.
• IDEX topped Q1 estimates with EPS of $2.00 (vs. $1.78 expected) and revenue of $886.9M (+8.9% YoY), and set Q2 2026 guidance of $2.070–2.120 EPS and FY 2026 guidance of $8.350–8.550 EPS.
• IDEX raised its quarterly dividend to $0.73 (from $0.71) and carries a consensus "Moderate Buy" analyst rating with an average target of $234.70 while trading near $218.43.

Comerica Bank reduced its stake in IDEX Corporation (NYSE:IEX - Free Report) by 91.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,578 shares of the industrial products company's stock after selling 128,472 shares during the period. Comerica Bank's holdings in IDEX were worth $2,060,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GoalVest Advisory LLC purchased a new stake in IDEX in the 4th quarter valued at about $26,000. CYBER HORNET ETFs LLC purchased a new stake in IDEX in the 2nd quarter valued at about $35,000. UMB Bank n.a. raised its holdings in IDEX by 61.0% in the 3rd quarter. UMB Bank n.a. now owns 198 shares of the industrial products company's stock valued at $32,000 after buying an additional 75 shares during the period. Cromwell Holdings LLC raised its holdings in 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 buying an additional 58 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in IDEX in the 2nd quarter valued at about $39,000. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

IDEX Stock Up 1.2%

Shares of IEX opened at $218.43 on Thursday. The stock has a market capitalization of $16.17 billion, a PE ratio of 32.31, a P/E/G ratio of 2.12 and a beta of 1.02. IDEX Corporation has a 1 year low of $157.25 and a 1 year high of $223.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. The company's 50-day simple moving average is $199.39 and its 200-day simple moving average is $188.86.

IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $845.58 million. During the same quarter in the prior year, the company earned $1.75 earnings per share. The business's quarterly revenue 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. Analysts forecast that IDEX Corporation will post 8.5 earnings per share for the current fiscal year.

IDEX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be paid a dividend of $0.73 per share. The ex-dividend date is Friday, May 22nd. This is a positive change from IDEX's previous quarterly dividend of $0.71. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. IDEX's payout ratio is currently 42.01%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. BMO Capital Markets initiated coverage on shares of IDEX in a research note on Friday, March 27th. They set a "market perform" rating and a $214.00 price target on the stock. Royal Bank Of Canada increased their price target 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. Stifel Nicolaus set a $250.00 price target on shares of IDEX in a research report on Thursday, April 30th. Robert W. Baird set a $257.00 price target on shares of IDEX in a research report on Thursday, April 30th. Finally, Argus raised shares of IDEX from a "hold" rating to a "buy" rating and set a $240.00 price target on the stock in a research report on Friday, February 6th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, IDEX presently has an average rating of "Moderate Buy" and a consensus target price of $234.70.

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.

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