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

IDEX Corporation (NYSE:IEX) has earned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $234.70.

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of IDEX in a report on Monday, April 20th. Seaport Research Partners reissued a “buy” rating and issued a $250.00 target price on shares of IDEX in a research report on Tuesday. Argus raised IDEX from a “hold” rating to a “buy” rating and set a $240.00 target price for the company in a research report on Friday, February 6th. Stifel Nicolaus set a $250.00 target price on IDEX in a research report on Thursday, April 30th. Finally, Citigroup boosted their target price on IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th.

IDEX Price Performance

Shares of NYSE:IEX opened at $216.77 on Friday. IDEX has a 1-year low of $157.25 and a 1-year high of $223.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40. The business has a fifty day moving average price of $199.52 and a 200-day moving average price of $189.20. The company has a market capitalization of $16.04 billion, a PE ratio of 32.07, a PEG ratio of 2.11 and a beta of 1.02.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.22. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The firm had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. During the same period last year, the company earned $1.75 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. As a group, equities analysts expect that IDEX will post 8.5 EPS for the current fiscal year.

IDEX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a $0.73 dividend. This is a positive change from IDEX’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. IDEX’s payout ratio is presently 42.01%.

Hedge Funds Weigh In On IDEX

A number of hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its holdings in shares of 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 acquiring an additional 54 shares during the period. Cromwell Holdings LLC grew its stake in shares of IDEX by 41.1% during the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 58 shares during the period. Evolve Private Wealth LLC grew its stake in shares of IDEX by 2.8% during the 1st quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock valued at $403,000 after purchasing an additional 58 shares during the period. Sanctuary Advisors LLC grew its stake in shares of IDEX by 2.6% during the 1st quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company’s stock valued at $463,000 after purchasing an additional 62 shares during the period. Finally, Mackenzie Financial Corp grew its stake in shares of IDEX by 2.8% during the 4th quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company’s stock valued at $458,000 after purchasing an additional 70 shares during the period. Hedge funds and other 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.