IDEX Corporation (NYSE:IEX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of IDEX Corporation (NYSE:IEX) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $241.1111.

Several equities research analysts recently commented on the stock. Oppenheimer reiterated an “outperform” rating and set a $250.00 target price (up from $242.00) on shares of IDEX in a research report on Tuesday, June 2nd. Robert W. Baird set a $257.00 price target on shares of IDEX in a research note on Thursday, April 30th. Royal Bank Of Canada lifted their price target on shares of IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Citigroup boosted their price objective on shares of IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Seaport Research Partners restated a “buy” rating and issued a $250.00 price objective on shares of IDEX in a report on Tuesday, May 5th.

Insider Buying and Selling at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. This represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On IDEX

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in IDEX by 3.4% in the third quarter. Wellington Management Group LLP now owns 6,477,929 shares of the industrial products company’s stock valued at $1,054,348,000 after acquiring an additional 211,696 shares during the last quarter. Primecap Management Co. CA raised its holdings in IDEX by 86.5% during the 4th quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock worth $574,174,000 after purchasing an additional 1,496,207 shares during the last quarter. State Street Corp raised its holdings in IDEX by 0.6% during the 4th quarter. State Street Corp now owns 3,172,410 shares of the industrial products company’s stock worth $564,499,000 after purchasing an additional 17,668 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of IDEX by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock worth $360,740,000 after purchasing an additional 7,844 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of IDEX by 3.3% in the 4th 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 during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Price Performance

IDEX stock opened at $224.26 on Friday. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $16.60 billion, a PE ratio of 33.17, a P/E/G ratio of 2.21 and a beta of 0.98. IDEX has a 12 month low of $157.25 and a 12 month high of $230.18. The stock has a 50-day moving average price of $215.64 and a two-hundred day moving average price of $202.21.

IDEX (NYSE:IEX) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.22. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The company had revenue of $886.90 million for the quarter, compared to analysts’ expectations of $845.58 million. During the same period in the previous year, the business posted $1.75 earnings per share. The business’s quarterly 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. Analysts expect that IDEX will post 8.49 EPS for the current year.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, July 6th will be given a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, July 6th. IDEX’s payout ratio is 43.20%.

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.