IDEX Corporation (NYSE:IEX) Given Average Rating of “Moderate Buy” by Analysts

Shares of IDEX Corporation (NYSE:IEX) have been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $260.2727.

Several equities research analysts recently commented on IEX shares. Stifel Nicolaus raised their target price on IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Mizuho upgraded IDEX from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $210.00 to $280.00 in a report on Tuesday, August 11th. TD Cowen increased their price objective on shares of IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Citigroup lifted their price objective on shares of IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, DA Davidson boosted their target price on shares of IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th.

IDEX Trading Up 0.2%

Shares of IEX opened at $221.99 on Friday. IDEX has a fifty-two week low of $158.19 and a fifty-two week high of $243.80. The company has a market capitalization of $16.37 billion, a PE ratio of 31.94, a price-to-earnings-growth ratio of 2.51 and a beta of 0.98. The stock has a fifty day moving average of $228.68 and a two-hundred day moving average of $215.24. 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 (NYSE:IEX) last posted its quarterly 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. The company had revenue of $920.60 million for the quarter, compared to the consensus estimate of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. IDEX’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.07 earnings per share. 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, analysts forecast that IDEX will post 8.83 EPS for the current year.

IDEX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be issued a $0.73 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.92 annualized dividend and a yield of 1.3%. IDEX’s dividend payout ratio is currently 42.01%.

Insider Activity at IDEX

In other news, CAO Lisa Anderson sold 385 shares of IDEX stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total value of $91,857.15. Following the completion of the transaction, the chief accounting officer owned 4,327 shares in the company, valued at approximately $1,032,378.93. This trade represents a 8.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.50% of the company’s stock.

Institutional Trading of IDEX

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of IDEX in the second quarter valued at approximately $1,301,393,000. Primecap Management Co. CA acquired a new position in shares of IDEX during the second quarter worth approximately $748,951,000. Geode Capital Management LLC grew its holdings in 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 buying an additional 7,844 shares in the last quarter. Van ECK Associates Corp grew its holdings in 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 worth $351,762,000 after buying an additional 63,699 shares in the last quarter. Finally, Amundi increased its position in IDEX by 19.6% in the 2nd quarter. Amundi now owns 1,458,979 shares of the industrial products company’s stock valued at $331,017,000 after acquiring an additional 239,579 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Company Profile

IDEX Corporation (NYSE: IEX) is an industrial technology company that designs, manufactures and markets engineered products and systems used in a range of specialized applications. Its portfolio includes pumps, valves, flow meters, compressors, dispensing equipment and other fluid-handling technologies that help customers move, measure and control liquids and gases.

The company operates through businesses focused on Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety/Diversified Products.