IDEX Corporation (NYSE:IEX) Receives $201.71 Average Target Price from Brokerages

Shares of IDEX Corporation (NYSE:IEX) have been given a consensus rating of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $201.7143.

A number of research analysts have weighed in on IEX shares. Royal Bank Of Canada reduced their target price on IDEX from $207.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Citigroup lifted their target price on IDEX from $208.00 to $216.00 and gave the company a “buy” rating in a report on Monday, July 14th. Stifel Nicolaus reduced their target price on IDEX from $238.00 to $204.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Oppenheimer reduced their target price on IDEX from $224.00 to $212.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Finally, DA Davidson set a $180.00 price objective on IDEX and gave the stock a “neutral” rating in a report on Monday, August 4th.

IDEX Trading Up 0.3%

Shares of IDEX stock opened at $162.60 on Friday. IDEX has a 52-week low of $153.36 and a 52-week high of $238.22. The stock’s 50-day simple moving average is $164.88 and its 200 day simple moving average is $173.75. The stock has a market capitalization of $12.24 billion, a P/E ratio of 26.27, a P/E/G ratio of 1.71 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.13 and a current ratio of 3.05.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.07. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The business had revenue of $865.40 million for the quarter, compared to analysts’ expectations of $858.59 million. During the same period in the previous year, the business posted $2.06 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. As a group, research analysts anticipate that IDEX will post 8.26 EPS for the current year.

IDEX declared that its Board of Directors has approved a stock buyback program on Thursday, September 18th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to reacquire up to 8.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 10th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $2.84 annualized dividend and a dividend yield of 1.7%. IDEX’s payout ratio is presently 45.88%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Horizon Investments LLC boosted its stake in IDEX by 5.2% in the first quarter. Horizon Investments LLC now owns 1,087 shares of the industrial products company’s stock worth $197,000 after buying an additional 54 shares in the last quarter. Empowered Funds LLC boosted its stake in IDEX by 3.4% in the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after buying an additional 54 shares in the last quarter. Alps Advisors Inc. boosted its stake in IDEX by 1.0% in the first quarter. Alps Advisors Inc. now owns 5,990 shares of the industrial products company’s stock worth $1,084,000 after buying an additional 60 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in IDEX by 2.0% in the second quarter. Cullen Frost Bankers Inc. now owns 3,112 shares of the industrial products company’s stock worth $546,000 after buying an additional 60 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in IDEX by 1.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,925 shares of the industrial products company’s stock worth $1,031,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Company Profile

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.