First Hawaiian Bank Sells 3,318 Shares of IDEX Corporation $IEX

Key Points

• First Hawaiian Bank reduced its stake in IDEX Corporation by 27.7%, ending the first quarter with 8,652 shares valued at approximately $1.57 million.
• Several analysts have provided mixed ratings for IDEX, with a consensus rating of "Moderate Buy" and an average price target of $201.71, reflecting varied expectations for future stock performance.
• IDEX recently reported a quarterly earnings per share of $2.07, exceeding analysts' expectations and indicating a 7.2% revenue increase year-over-year.

First Hawaiian Bank lowered its position in shares of IDEX Corporation (NYSE:IEX - Free Report) by 27.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,652 shares of the industrial products company's stock after selling 3,318 shares during the quarter. First Hawaiian Bank's holdings in IDEX were worth $1,566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IEX. Cetera Investment Advisers raised its stake in shares of IDEX by 18.4% in the fourth quarter. Cetera Investment Advisers now owns 4,867 shares of the industrial products company's stock valued at $1,019,000 after acquiring an additional 758 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of IDEX by 2.6% during the fourth quarter. Focus Partners Wealth now owns 8,494 shares of the industrial products company's stock worth $1,778,000 after purchasing an additional 212 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of IDEX by 16.9% in the fourth quarter. Janus Henderson Group PLC now owns 8,816 shares of the industrial products company's stock valued at $1,846,000 after buying an additional 1,273 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its position in IDEX by 3.2% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 2,127 shares of the industrial products company's stock valued at $445,000 after acquiring an additional 66 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of IDEX by 179.9% during the fourth quarter. Millennium Management LLC now owns 36,570 shares of the industrial products company's stock worth $7,654,000 after purchasing an additional 23,505 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Citigroup boosted their price objective on shares of IDEX from $208.00 to $216.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. DA Davidson set a $180.00 price target on IDEX and gave the company a "neutral" rating in a report on Monday, August 4th. Oppenheimer lowered their price target on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Stifel Nicolaus cut their price objective on shares of IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, Royal Bank Of Canada reduced their price target on IDEX from $207.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, IDEX has an average rating of "Moderate Buy" and an average target price of $201.71.

IDEX Stock Up 1.6%

Shares of IEX stock traded up $2.62 during trading hours on Thursday, hitting $162.21. 196,223 shares of the company were exchanged, compared to its average volume of 676,351. The business has a 50 day moving average of $168.71 and a two-hundred day moving average of $175.33. The company has a market capitalization of $12.21 billion, a PE ratio of 26.17, a PEG ratio of 1.73 and a beta of 1.02. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.46. IDEX Corporation has a 52 week low of $153.36 and a 52 week high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last released its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.00 by $0.07. The firm had revenue of $865.40 million during the quarter, compared to analysts' expectations of $858.59 million. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The company's revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 EPS. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. Analysts anticipate that IDEX Corporation will post 8.26 earnings per share for the current fiscal year.

About IDEX

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.