IDEX Corporation (NYSE:IEX) Receives Average Rating of “Moderate Buy” from Brokerages

IDEX Corporation (NYSE:IEX) has earned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $241.1111.

A number of equities research analysts recently weighed in on IEX shares. Citigroup boosted their price objective on shares of IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of IDEX in a research report on Monday, April 20th. Oppenheimer restated an “outperform” rating and issued a $250.00 target price (up from $242.00) on shares of IDEX in a research report on Tuesday, June 2nd. BMO Capital Markets initiated coverage on shares of IDEX in a research report on Friday, March 27th. They issued a “market perform” rating and a $214.00 target price for the company. Finally, Robert W. Baird set a $257.00 target price on shares of IDEX in a research report on Thursday, April 30th.

IDEX Price Performance

Shares of NYSE:IEX opened at $221.99 on Wednesday. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. IDEX has a fifty-two week low of $157.25 and a fifty-two week high of $223.85. The firm has a 50-day simple moving average of $206.77 and a 200 day simple moving average of $196.38. The company has a market cap of $16.43 billion, a PE ratio of 32.84, a P/E/G ratio of 2.14 and a beta of 1.00.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, beating 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 business had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. During the same quarter in the prior year, the firm earned $1.75 EPS. The company’s revenue for the quarter 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. On average, sell-side analysts anticipate that IDEX will post 8.49 EPS for the current year.

IDEX Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a $0.73 dividend. This is a positive change from IDEX’s previous quarterly dividend of $0.71. The ex-dividend date was Friday, May 22nd. This represents a $2.92 annualized dividend and a yield of 1.3%. IDEX’s payout ratio is currently 43.20%.

Insider Buying and Selling

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC lifted its stake in shares of IDEX by 3.4% in the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after acquiring an additional 54 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of IDEX by 4.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company’s stock worth $274,000 after acquiring an additional 56 shares during the period. Cromwell Holdings LLC lifted its stake in shares of IDEX by 41.1% in the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 58 shares during the period. Evolve Private Wealth LLC lifted its stake in shares of IDEX by 2.8% in the 1st quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock worth $403,000 after acquiring an additional 58 shares during the period. Finally, Sanctuary Advisors LLC lifted its stake in shares of IDEX by 2.6% in the 1st quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company’s stock worth $463,000 after acquiring an additional 62 shares during the period. Institutional investors own 97.96% of the company’s stock.

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.