First Hawaiian Bank Lowers Position in IDEX Corporation $IEX

First Hawaiian Bank lessened its stake in shares of IDEX Corporation (NYSE:IEX) by 27.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

Other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its stake in IDEX by 81.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 64 shares during the period. UMB Bank n.a. lifted its holdings in shares of IDEX by 63.5% in the 1st quarter. UMB Bank n.a. now owns 224 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 87 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of IDEX during the first quarter worth approximately $56,000. Federated Hermes Inc. grew its position in IDEX by 42.9% during the 1st quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 100 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of IDEX by 970.7% during the first quarter. Versant Capital Management Inc now owns 439 shares of the industrial products company’s stock worth $79,000 after buying an additional 398 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Price Performance

IEX stock opened at $160.66 on Friday. The stock has a market capitalization of $12.10 billion, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. The company has a quick ratio of 2.13, a current ratio of 3.05 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. The stock’s fifty day simple moving average is $169.95 and its 200-day simple moving average is $176.02.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.07. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The firm had revenue of $865.40 million for the quarter, compared to the consensus estimate of $858.59 million. During the same period in the prior year, the business posted $2.06 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. 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 expect that IDEX Corporation will post 8.26 EPS for the current year.

IDEX Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Citigroup boosted their price objective on shares of IDEX from $208.00 to $216.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Mizuho set a $185.00 target price on IDEX in a report on Friday, May 16th. Stifel Nicolaus lowered their price target on shares of IDEX from $238.00 to $204.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. DA Davidson set a $180.00 price target on IDEX and gave the stock a “neutral” rating in a research report on Monday, August 4th. Finally, Oppenheimer decreased their price objective on IDEX from $224.00 to $212.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $201.71.

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.