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

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

A number of equities research analysts have commented on the company. Citigroup lifted their target price on IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Oppenheimer reissued an “outperform” rating and set a $250.00 price objective (up from $242.00) on shares of IDEX in a research report on Tuesday, June 2nd. Weiss Ratings upgraded shares of IDEX from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Seaport Research Partners reaffirmed a “buy” rating and issued a $250.00 target price on shares of IDEX in a research report on Tuesday, May 5th. Finally, Robert W. Baird set a $257.00 target price on shares of IDEX in a research note on Thursday, April 30th.

IDEX Stock Performance

IDEX stock opened at $224.26 on Friday. The firm has a 50 day simple moving average of $216.05 and a 200-day simple moving average of $202.37. The stock has a market cap of $16.60 billion, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40. IDEX has a 1-year low of $157.25 and a 1-year high of $230.18.

IDEX (NYSE:IEX) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.78 by $0.22. The firm had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.75 EPS. 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, analysts expect that IDEX will post 8.49 EPS for the current year.

IDEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 6th will be issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, July 6th. IDEX’s dividend payout ratio is currently 43.20%.

Insider Buying and Selling at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the completion of the transaction, the chief executive officer directly owned 66,658 shares in the company, valued at $14,346,134.76. This trade represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On IDEX

Several hedge funds have recently bought and sold shares of IEX. GoalVest Advisory LLC acquired a new position in IDEX in the 4th quarter valued at about $26,000. Laurel Wealth Advisors LLC acquired a new stake in shares of IDEX during the fourth quarter worth about $27,000. Optiver Holding B.V. purchased a new position in shares of IDEX in the first quarter valued at approximately $27,000. SJS Investment Consulting Inc. lifted its holdings in IDEX by 104.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock worth $28,000 after buying an additional 76 shares in the last quarter. Finally, Cromwell Holdings LLC boosted its position in IDEX by 41.1% in the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock valued at $35,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds 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.