IDEX (NYSE:IEX) Hits New 1-Year High – What’s Next?

Shares of IDEX Corporation (NYSE:IEX) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $230.67 and last traded at $230.4650, with a volume of 39126 shares traded. The stock had previously closed at $228.96.

Analysts Set New Price Targets

IEX has been the topic of several recent research reports. Royal Bank Of Canada increased their price target on IDEX from $252.00 to $261.00 and gave the stock an “outperform” rating in a report on Thursday. Robert W. Baird set a $257.00 target price on IDEX in a report on Thursday, April 30th. Citigroup upped their price objective on shares of IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. BMO Capital Markets initiated coverage on shares of IDEX in a report on Friday, March 27th. They set a “market perform” rating and a $214.00 price objective for the company. Finally, Seaport Research Partners restated a “buy” rating and issued a $250.00 target price on shares of IDEX in a report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $242.11.

IDEX Price Performance

The company has a market capitalization of $17.01 billion, a P/E ratio of 33.99, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98. The business’s 50-day moving average is $217.94 and its two-hundred day moving average is $205.30. 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 (NYSE:IEX) last posted its quarterly earnings data 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. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The firm had revenue of $886.90 million during the quarter, compared to analyst estimates of $845.58 million. During the same quarter last year, the business posted $1.75 EPS. The company’s revenue for the quarter 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, analysts predict that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Announces Dividend

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

Insider Activity at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of the business’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 transaction, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. The trade was a 18.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Deprince Race & Zollo Inc. raised its stake in shares of IDEX by 4.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 359,152 shares of the industrial products company’s stock valued at $63,908,000 after buying an additional 14,952 shares during the period. Assenagon Asset Management S.A. raised its stake in IDEX by 13.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 62,606 shares of the industrial products company’s stock valued at $11,140,000 after acquiring an additional 7,559 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in IDEX by 4.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 160,520 shares of the industrial products company’s stock worth $28,743,000 after purchasing an additional 6,901 shares during the period. SG Americas Securities LLC increased its stake in shares of IDEX by 2,690.4% in the fourth quarter. SG Americas Securities LLC now owns 32,508 shares of the industrial products company’s stock worth $5,784,000 after purchasing an additional 31,343 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft raised 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 purchasing an additional 6,000 shares during the period. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

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.