IDEX (NYSE:IEX) Research Coverage Started at Vertical Research

Vertical Research began coverage on shares of IDEX (NYSE:IEX) in a research report released on Tuesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $250.00 target price on the industrial products company’s stock.

IEX has been the subject of a number of other reports. TD Cowen lifted their target price on shares of IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Argus upped their price target 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. DA Davidson lifted their price objective on shares of IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Mizuho raised shares of IDEX from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $210.00 to $280.00 in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada upped their target price on IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, IDEX has an average rating of “Moderate Buy” and a consensus price target of $260.27.

IDEX Trading Down 1.7%

Shares of NYSE:IEX opened at $221.38 on Tuesday. The business’s 50-day moving average is $228.59 and its 200 day moving average is $214.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. IDEX has a 1 year low of $158.19 and a 1 year high of $243.80. The firm has a market capitalization of $16.32 billion, a P/E ratio of 31.85, a P/E/G ratio of 2.56 and a beta of 0.98.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The business had revenue of $920.60 million during the quarter, compared to the consensus estimate of $905.38 million. During the same quarter last year, the company earned $2.07 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. On average, research analysts predict that IDEX will post 8.78 earnings per share for the current fiscal year.

IDEX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were given a $0.73 dividend. The ex-dividend date was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. IDEX’s dividend payout ratio is currently 42.01%.

Insiders Place Their Bets

In other IDEX news, CAO Lisa Anderson sold 385 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. This trade represents a 8.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

Institutional Trading of IDEX

Several large investors have recently made changes to their positions in IEX. Freestone Grove Partners LP purchased a new stake in IDEX during the 2nd quarter worth approximately $102,523,000. Baader Bank Aktiengesellschaft lifted its position in shares of IDEX by 27.5% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 27,809 shares of the industrial products company’s stock valued at $4,948,000 after acquiring an additional 6,000 shares in the last quarter. Jefferies Financial Group Inc. boosted its stake in shares of IDEX by 586.2% in the fourth quarter. Jefferies Financial Group Inc. now owns 29,409 shares of the industrial products company’s stock worth $5,233,000 after acquiring an additional 25,123 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of IDEX by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock worth $360,740,000 after acquiring an additional 7,844 shares during the last quarter. Finally, Evelyn Partners Investment Management LLP increased its position in shares of IDEX by 9.2% during the fourth quarter. Evelyn Partners Investment Management LLP now owns 185,359 shares of the industrial products company’s stock worth $32,983,000 after purchasing an additional 15,632 shares in the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

About IDEX

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.