IDEX Corporation (NYSE:IEX) Stock Rated “Moderate Buy” by Wall Street Analysts

IDEX Corporation (NYSE:IEX – Get Free Report) has earned an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $260.27.

Several equities analysts have commented on the company. Mizuho raised IDEX from a “neutral” rating to an “outperform” rating and upped their price target for the company from $210.00 to $280.00 in a report on Tuesday, August 11th. Citigroup raised their price objective on IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Royal Bank Of Canada lifted their price objective on IDEX from $261.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Stifel Nicolaus boosted their price objective on IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings upgraded IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th.

Get Our Latest Research Report on IDEX

IDEX Stock Up 1.1%

Shares of IEX opened at $234.29 on Tuesday. The company has a 50-day simple moving average of $230.42 and a 200-day simple moving average of $218.96. The firm has a market capitalization of $17.27 billion, a P/E ratio of 33.71, a P/E/G ratio of 2.65 and a beta of 0.97. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05. IDEX has a 52 week low of $159.27 and a 52 week high of $243.80.

IDEX (NYSE:IEX – Get Free Report) last released its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%. The business had revenue of $920.60 million for the quarter, compared to the consensus estimate of $905.38 million. During the same period last year, the business earned $2.07 earnings per share. The firm’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. On average, equities research analysts expect that IDEX will post 8.83 earnings per share for the current year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be paid a dividend of $0.73 per share. The ex-dividend date is Friday, October 2nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.2%. IDEX’s payout ratio is currently 42.01%.

Insiders Place Their Bets

In other IDEX news, CAO Lisa Anderson sold 385 shares of the business’s stock in a transaction 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 sale, the chief accounting officer owned 4,327 shares of the company’s stock, valued at $1,032,378.93. The trade was a 8.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On IDEX

A number of hedge funds and other institutional investors have recently made changes to their positions in IEX. BlackRock Inc. acquired a new position in IDEX in the second quarter worth about $1,301,393,000. Primecap Management Co. CA acquired a new stake in IDEX during the second quarter valued at approximately $748,951,000. Van ECK Associates Corp boosted its holdings in IDEX by 3.3% during the fourth quarter. Van ECK Associates Corp now owns 1,976,856 shares of the industrial products company’s stock valued at $351,762,000 after purchasing an additional 63,699 shares in the last quarter. Amundi boosted its holdings in IDEX by 19.6% during the second quarter. Amundi now owns 1,458,979 shares of the industrial products company’s stock valued at $331,017,000 after purchasing an additional 239,579 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its stake in shares of IDEX by 101.4% in the 2nd quarter. Alyeska Investment Group L.P. now owns 1,042,703 shares of the industrial products company’s stock valued at $236,641,000 after purchasing an additional 525,048 shares during the period. 97.96% of the stock is owned by institutional investors.

IDEX Company Profile

(Get Free Report)

IDEX Corporation (NYSE: IEX) is a diversified industrial company that designs, manufactures and sells engineered products and technologies used to move, control and monitor fluids. Its products serve a range of industrial, commercial and specialty applications where precision, reliability and performance are important.

The company operates through three primary segments: Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products. Its offerings include pumps, valves, flow meters, compressors, dispensing equipment, precision fluidics components and related systems.

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Analyst Recommendations for IDEX (NYSE:IEX)

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