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

IDEX Corporation (NYSE:IEX) has been assigned an average rating of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $260.2727.

Several research analysts recently issued reports on IEX shares. Argus increased their price objective on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada upped their target price on IDEX from $261.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. DA Davidson increased their price target on IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Vertical Research initiated coverage on IDEX in a research note on Tuesday. They set a “buy” rating and a $250.00 price target on the stock. Finally, Citigroup lifted their price objective on IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a report on Thursday, July 30th.

Insider Buying and Selling

In other IDEX news, CAO Lisa Anderson sold 385 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total transaction of $91,857.15. Following the completion of the sale, the chief accounting officer directly owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. This represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC raised its holdings in shares of IDEX by 3.4% during the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after buying an additional 54 shares during the period. EverSource Wealth Advisors LLC grew its position in IDEX by 4.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company’s stock valued at $274,000 after acquiring an additional 56 shares in the last quarter. Evolve Private Wealth LLC raised its stake in shares of IDEX by 2.8% during the first 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 raised its stake in shares of IDEX by 2.6% during the first 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, Allworth Financial LP lifted its position in shares of IDEX by 9.4% during the second quarter. Allworth Financial LP now owns 722 shares of the industrial products company’s stock worth $164,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Trading Down 1.7%

Shares of IEX opened at $221.38 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. The firm has a market capitalization of $16.32 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 2.56 and a beta of 0.98. The company has a 50-day moving average of $228.59 and a 200 day moving average of $214.72. IDEX has a 1-year low of $158.19 and a 1-year high of $243.80.

IDEX (NYSE:IEX) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The business had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. During the same period last year, the company posted $2.07 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. On average, research analysts expect that IDEX will post 8.78 EPS for the current year.

IDEX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were paid a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, July 6th. IDEX’s payout ratio is 42.01%.

About IDEX

IDEX Corporation (NYSE: IEX) is an industrial technology company that designs, manufactures and markets engineered products and systems used in a range of specialized applications. Its portfolio includes pumps, valves, flow meters, compressors, dispensing equipment and other fluid-handling technologies that help customers move, measure and control liquids and gases.

The company operates through businesses focused on Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety/Diversified Products.