IDEX Corporation (NYSE:IEX – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $223.99 and last traded at $221.53, with a volume of 14926 shares traded. The stock had previously closed at $218.49.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IDEX in a research note on Monday, April 20th. Robert W. Baird set a $257.00 price target on IDEX in a research report on Thursday, April 30th. TD Cowen upped 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 price target on IDEX in a research report on Thursday, April 30th. Finally, Oppenheimer restated an “outperform” rating and set a $250.00 target price (up from $242.00) on shares of IDEX in a report on Tuesday, June 2nd. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.11.
Check Out Our Latest Research Report on IEX
IDEX Stock Performance
IDEX (NYSE:IEX – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping 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 company had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. During the same period in the prior year, the firm earned $1.75 earnings per share. IDEX’s revenue was up 8.9% on a year-over-year basis. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. On average, equities analysts predict that IDEX Corporation will post 8.49 EPS for the current year.
IDEX Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a $0.73 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This is an increase from IDEX’s previous quarterly dividend of $0.71. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. IDEX’s payout ratio is currently 43.20%.
Insider Transactions at IDEX
In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer owned 66,658 shares in the company, valued at approximately $14,346,134.76. This represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by insiders.
Hedge Funds Weigh In On IDEX
A number of institutional investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. bought a new position in IDEX in the first quarter worth $27,000. Groupama Asset Managment bought a new position in IDEX in the first quarter worth $817,000. Segall Bryant & Hamill LLC bought a new position in IDEX in the first quarter worth $227,000. Bank of America Corp DE raised its holdings in IDEX by 215.0% in the first quarter. Bank of America Corp DE now owns 1,094,101 shares of the industrial products company’s stock worth $207,387,000 after purchasing an additional 746,732 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of IDEX by 953.1% during the first quarter. Janus Henderson Group PLC now owns 81,444 shares of the industrial products company’s stock valued at $15,439,000 after purchasing an additional 73,710 shares in the last quarter. Institutional investors own 97.96% of the company’s stock.
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.
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