Hsbc Holdings PLC Makes New $91.47 Million Investment in IDEX Corporation $IEX

Hsbc Holdings PLC purchased a new position in IDEX Corporation (NYSE:IEX) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 403,063 shares of the industrial products company’s stock, valued at approximately $91,474,000. Hsbc Holdings PLC owned 0.55% of IDEX at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IEX. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of IDEX by 4.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 160,520 shares of the industrial products company’s stock valued at $28,743,000 after buying an additional 6,901 shares during the period. Baader Bank Aktiengesellschaft grew its holdings in IDEX by 27.5% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 27,809 shares of the industrial products company’s stock worth $4,948,000 after acquiring an additional 6,000 shares during the period. RNC Capital Management LLC grew its holdings in IDEX by 227.3% during the fourth quarter. RNC Capital Management LLC now owns 19,807 shares of the industrial products company’s stock worth $3,524,000 after acquiring an additional 13,755 shares during the period. Jefferies Financial Group Inc. raised its position in IDEX by 586.2% in the fourth quarter. Jefferies Financial Group Inc. now owns 29,409 shares of the industrial products company’s stock worth $5,233,000 after acquiring an additional 25,123 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in IDEX by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock worth $360,740,000 after acquiring an additional 7,844 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors.

IDEX News Roundup

Here are the key news stories impacting IDEX this week:

• Positive Sentiment: Zacks increased its FY2026 EPS estimate to $8.71 from $8.70, Q4 2026 to $2.20 from $2.18, and Q1 2027 to $2.12 from $2.11.
• Positive Sentiment: Longer-term estimates also improved: FY2027 EPS rose to $9.26 from $9.21, Q4 2027 to $2.42 from $2.38, Q1 2028 to $2.38 from $2.36, and FY2028 to $10.54 from $10.45. The revisions imply continued earnings growth, although the increases were relatively small.
• Positive Sentiment: The revised FY2026 estimate of $8.71 remains close to the broader analyst consensus of $8.82. IDEX’s latest reported quarter also showed earnings and revenue ahead of expectations, with EPS of $2.32 and revenue of $920.6 million, up 6.4% year over year.
• Neutral Sentiment: The six Zacks updates largely repeat the same forecast changes rather than representing separate fundamental developments. Investors may view them as supportive, but the limited size of the revisions may constrain their impact.
• Neutral Sentiment: IDEX shares have increased and are trading near the upper end of their 52-week range, above both their 50-day and 200-day moving averages. With a market capitalization of approximately $17.3 billion and a forward-looking valuation near 27 times earnings, further gains may depend on the company converting the raised forecasts into actual results.
• Neutral Sentiment: A separate report concerns IDEX Biometrics ASA (OTC: IDXAF), which granted incentive subscription rights to two senior employees. That company is unrelated to IDEX Corporation and should not affect IEX shares. IDEX Biometrics executive incentive rights announcement

IDEX Trading Up 2.0%

NYSE:IEX opened at $234.91 on Thursday. The stock has a fifty day simple moving average of $228.47 and a 200 day simple moving average of $213.48. The firm has a market capitalization of $17.32 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 2.17 and a beta of 0.98. IDEX Corporation has a 1-year low of $158.19 and a 1-year high of $243.80. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The firm had revenue of $920.60 million for the quarter, compared to the consensus estimate of $905.38 million. During the same quarter in the previous year, the company earned $2.07 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Sell-side analysts forecast that IDEX Corporation will post 8.82 earnings per share for the current year.

IDEX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 6th were issued a dividend of $0.73 per share. The ex-dividend date was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.2%. IDEX’s payout ratio is currently 42.01%.

Insider Activity at IDEX

In related news, CAO Lisa M. Anderson sold 385 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total value of $91,857.15. Following the completion of the sale, the chief accounting officer owned 4,327 shares in the company, valued at approximately $1,032,378.93. This represents a 8.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Stifel Nicolaus raised their price objective on shares of IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Seaport Research Partners reiterated a “buy” rating and issued a $250.00 target price on shares of IDEX in a report on Tuesday, May 5th. Weiss Ratings raised shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Argus raised their target price on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Robert W. Baird set a $257.00 price target on shares of IDEX in a research report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $260.80.

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.