Hikari Power Ltd Trims Holdings in IDEX Corporation $IEX

Hikari Power Ltd lowered its holdings in shares of IDEX Corporation (NYSE:IEX) by 62.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,660 shares of the industrial products company’s stock after selling 2,710 shares during the period. Hikari Power Ltd’s holdings in IDEX were worth $315,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of IEX. GoalVest Advisory LLC acquired a new position in IDEX in the fourth quarter valued at $26,000. SJS Investment Consulting Inc. boosted its stake in shares of IDEX by 104.1% during the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock worth $28,000 after buying an additional 76 shares during the period. Laurel Wealth Advisors LLC acquired a new stake in shares of IDEX during the fourth quarter worth about $27,000. CYBER HORNET ETFs LLC purchased a new position in shares of IDEX during the second quarter worth about $35,000. Finally, Cromwell Holdings LLC grew its holdings in shares of IDEX by 41.1% during the fourth quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after buying an additional 58 shares during the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on IEX shares. TD Cowen boosted their price target on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Stifel Nicolaus set a $250.00 target price on IDEX in a research note on Thursday, April 30th. Weiss Ratings raised IDEX from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Royal Bank Of Canada upped their price target on IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Finally, Citigroup increased their price target on IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, IDEX presently has an average rating of “Moderate Buy” and a consensus price target of $241.11.

Insider Buying and Selling at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $215.22, for a total value of $3,311,159.70. Following the sale, the chief executive officer directly owned 66,658 shares in the company, valued at $14,346,134.76. The trade was a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by company insiders.

IDEX Trading Down 1.3%

Shares of IDEX stock opened at $218.26 on Thursday. The firm has a market cap of $16.15 billion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 2.17 and a beta of 0.98. IDEX Corporation has a 52-week low of $157.25 and a 52-week high of $230.18. The company’s 50-day simple moving average is $216.95 and its 200-day simple moving average is $203.47. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.22. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The firm had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. During the same quarter last year, the firm earned $1.75 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. As a group, equities research analysts anticipate that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 6th will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, July 6th. IDEX’s dividend payout ratio (DPR) is currently 43.20%.

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.