IDEX (NYSE:IEX) Sets New 1-Year High – Should You Buy?

IDEX Corporation (NYSE:IEX) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $223.99 and last traded at $221.53, with a volume of 14926 shares changing hands. The stock had previously closed at $218.49.

Analyst Upgrades and Downgrades

Several research firms have commented on IEX. Stifel Nicolaus set a $250.00 price target on IDEX in a report on Thursday, April 30th. Royal Bank Of Canada increased their target price on IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Robert W. Baird set a $257.00 target price on IDEX in a report on Thursday, April 30th. Citigroup raised their price target on IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of IDEX in a report on Monday, April 20th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.11.

IDEX Price Performance

The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. The firm has a market capitalization of $16.35 billion, a P/E ratio of 32.68, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. The company has a 50-day moving average price of $208.47 and a 200-day moving average price of $197.41.

IDEX (NYSE:IEX) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping 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 business had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. During the same period last year, the company earned $1.75 EPS. The firm’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. On average, sell-side analysts predict that IDEX Corporation will post 8.49 earnings per share for the current year.

IDEX Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, May 22nd. This is a boost from IDEX’s previous quarterly dividend of $0.71. IDEX’s dividend payout ratio (DPR) is 43.20%.

Insider Buying and Selling

In related 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 sale, the chief executive officer owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. This trade represents a 18.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

Institutional Trading of IDEX

Institutional investors have recently modified their holdings of the company. Optiver Holding B.V. bought a new stake in shares of IDEX in the first quarter valued at about $27,000. GoalVest Advisory LLC acquired a new position in IDEX during the fourth quarter worth approximately $26,000. SJS Investment Consulting Inc. increased its position in IDEX by 104.1% during the first 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 during the last quarter. Laurel Wealth Advisors LLC acquired a new position in IDEX during the fourth quarter worth approximately $27,000. Finally, CYBER HORNET ETFs LLC acquired a new position in IDEX during the second quarter worth approximately $35,000. 97.96% of the stock is currently owned by 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.