IDEX’s (IEX) “Hold (C-)” Rating Reiterated at Weiss Ratings

IDEX (NYSE:IEX)‘s stock had its “hold (c-)” rating restated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other analysts have also commented on IEX. Citigroup boosted their price objective on shares of IDEX from $208.00 to $216.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Oppenheimer set a $210.00 price objective on shares of IDEX in a research report on Tuesday. Stifel Nicolaus dropped their price target on shares of IDEX from $238.00 to $204.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. DA Davidson set a $180.00 price target on shares of IDEX and gave the stock a “neutral” rating in a research report on Monday, August 4th. Finally, Royal Bank Of Canada dropped their price target on shares of IDEX from $207.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $201.43.

IDEX Stock Performance

Shares of IEX stock opened at $166.83 on Wednesday. The company’s fifty day simple moving average is $163.03 and its 200-day simple moving average is $173.08. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The firm has a market cap of $12.56 billion, a PE ratio of 26.95, a P/E/G ratio of 1.75 and a beta of 1.04. IDEX has a 12 month low of $153.36 and a 12 month high of $238.22.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.07. The business had revenue of $865.40 million for the quarter, compared to analyst estimates of $858.59 million. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.06 earnings per share. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. Equities research analysts expect that IDEX will post 8.26 EPS for the current fiscal year.

IDEX declared that its board has approved a stock buyback plan on Thursday, September 18th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 8.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On IDEX

Institutional investors and hedge funds have recently modified their holdings of the stock. Amalgamated Bank grew its stake in shares of IDEX by 1.0% in the first quarter. Amalgamated Bank now owns 14,731 shares of the industrial products company’s stock valued at $2,666,000 after acquiring an additional 141 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of IDEX by 49.0% in the first quarter. GAMMA Investing LLC now owns 915 shares of the industrial products company’s stock valued at $166,000 after acquiring an additional 301 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of IDEX in the first quarter valued at about $909,000. Oppenheimer Asset Management Inc. grew its stake in shares of IDEX by 0.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 8,332 shares of the industrial products company’s stock valued at $1,508,000 after acquiring an additional 61 shares in the last quarter. Finally, Swedbank AB grew its stake in shares of IDEX by 16.2% in the first quarter. Swedbank AB now owns 55,396 shares of the industrial products company’s stock valued at $10,025,000 after acquiring an additional 7,726 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Company Profile

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.