Shares of IDEX Corporation (NYSE:IEX – Get Free Report) have been assigned an average rating of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $260.80.
Several analysts recently issued reports on the stock. Oppenheimer reissued an “outperform” rating and issued a $265.00 price target on shares of IDEX in a research report on Thursday, July 30th. DA Davidson upped their price objective on shares of IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. TD Cowen raised their price objective on shares of IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Argus lifted their price objective on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada boosted their target price on shares of IDEX from $261.00 to $280.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th.
IDEX Stock Down 0.1%
IDEX (NYSE:IEX – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $905.38 million. During the same quarter in the previous year, the company posted $2.07 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. As a group, research analysts forecast that IDEX will post 8.84 EPS for the current fiscal year.
IDEX Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were paid 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 yield of 1.2%. IDEX’s payout ratio is 42.01%.
Insider Buying and Selling
In other IDEX news, CAO Lisa M. Anderson sold 385 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total transaction of $91,857.15. Following the completion of the sale, the chief accounting officer directly owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. The trade was a 8.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of IEX. Optiver Holding B.V. purchased a new position in shares of IDEX during the first quarter valued at approximately $27,000. Quantbot Technologies LP bought a new stake in IDEX during the second quarter worth $33,000. SJS Investment Consulting Inc. raised its position in IDEX by 104.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock valued at $28,000 after buying an additional 76 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in IDEX during the 4th quarter valued at $27,000. Finally, CYBER HORNET ETFs LLC bought a new position in IDEX during the 2nd quarter valued at $35,000. Institutional investors own 97.96% of the company’s stock.
About IDEX
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.
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