IDEX (NYSE:IEX) Upgraded at KeyCorp

IDEX (NYSE:IEX) was upgraded by research analysts at KeyCorp to a “hold” rating in a research report issued on Monday, Zacks reports.

Several other equities analysts also recently weighed in on IEX. Mizuho upgraded IDEX from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $210.00 to $280.00 in a research report on Tuesday, August 11th. DA Davidson raised their price target on IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Argus upped their price objective on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Oppenheimer upped their price objective on shares of IDEX from $265.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, September 9th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $260.27.

IDEX Trading Up 0.6%

Shares of IDEX stock opened at $237.07 on Monday. IDEX has a fifty-two week low of $159.27 and a fifty-two week high of $243.80. The firm has a market cap of $17.48 billion, a PE ratio of 34.11, a P/E/G ratio of 2.67 and a beta of 0.97. The business’s fifty day moving average is $230.45 and its two-hundred day moving average is $219.79. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.21. The business had revenue of $920.60 million for the quarter, compared to analysts’ expectations of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%. The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $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. Analysts anticipate that IDEX will post 8.83 earnings per share for the current year.

Insider Buying and Selling at IDEX

In other 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 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 $1,032,378.93. The trade was a 8.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On IDEX

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of IDEX in the 2nd quarter valued at about $1,301,393,000. Primecap Management Co. CA bought a new position in IDEX during the 2nd quarter worth $748,951,000. Amundi increased its holdings in shares of IDEX by 19.6% in the 2nd quarter. Amundi now owns 1,458,979 shares of the industrial products company’s stock worth $331,017,000 after acquiring an additional 239,579 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of IDEX by 101.4% in the second 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. Finally, Bank of America Corp DE increased its position in IDEX by 215.0% in the 1st quarter. Bank of America Corp DE now owns 1,094,101 shares of the industrial products company’s stock valued at $207,387,000 after acquiring an additional 746,732 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Company Profile

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.