IDEX Corporation $IEX Shares Sold by First Hawaiian Bank

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 stake in shares of IDEX Corporation (NYSE:IEX - Free Report) by 27.7% during the 1st quarter, according to the company in its most recent Form 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 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of IEX. IFM Investors Pty Ltd grew its position in IDEX by 1.1% during the 1st quarter. IFM Investors Pty Ltd now owns 18,818 shares of the industrial products company's stock worth $3,405,000 after purchasing an additional 210 shares during the last quarter. Glenview Trust co raised its holdings in shares of IDEX by 4.9% in the first quarter. Glenview Trust co now owns 6,829 shares of the industrial products company's stock worth $1,236,000 after buying an additional 321 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of IDEX by 2.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 769,341 shares of the industrial products company's stock valued at $139,228,000 after buying an additional 21,787 shares during the last quarter. Empowered Funds LLC increased its position in shares of IDEX by 3.4% in the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company's stock valued at $298,000 after acquiring an additional 54 shares during the period. Finally, MBB Public Markets I LLC purchased a new position in IDEX in the 1st quarter worth $310,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IEX. DA Davidson set a $180.00 price target on IDEX and gave the company a "neutral" rating in a research note on Monday, August 4th. Stifel Nicolaus decreased their target price on IDEX from $238.00 to $204.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Mizuho set a $185.00 price target on shares of IDEX in a report on Friday, May 16th. Citigroup raised their price target 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. Finally, Oppenheimer cut their price target on IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $201.71.

IDEX Stock Down 2.3%

Shares of IEX opened at $160.66 on Friday. The stock has a 50 day moving average price of $169.95 and a 200 day moving average price of $176.02. The stock has a market capitalization of $12.10 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 1.73 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.13 and a current ratio of 3.05. IDEX Corporation has a one year low of $153.36 and a one year high of $238.22.

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

IDEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were issued a $0.71 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.8%. IDEX's dividend payout ratio is currently 45.88%.

IDEX Profile

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.

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