IDEX (NYSE:IEX) Reaches New 52-Week High – Here’s Why

IDEX Corporation (NYSE:IEX) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $228.26 and last traded at $226.6050, with a volume of 2488422 shares trading hands. The stock had previously closed at $224.93.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on IEX shares. Robert W. Baird set a $257.00 target price on shares of IDEX in a research report on Thursday, April 30th. BMO Capital Markets assumed coverage on shares of IDEX in a research report on Friday, March 27th. They set a “market perform” rating and a $214.00 price target on the stock. TD Cowen boosted their price objective on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of IDEX in a research note on Monday, April 20th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $250.00 target price (up from $242.00) on shares of IDEX in a report on Tuesday, June 2nd. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, IDEX currently has an average rating of “Moderate Buy” and an average target price of $241.11.

IDEX Stock Performance

The stock’s 50-day moving average price is $212.60 and its 200-day moving average price is $199.84. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $16.38 billion, a P/E ratio of 32.74, a P/E/G ratio of 2.21 and a beta of 1.00.

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

IDEX Announces Dividend

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

Insider Activity

In related news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $215.22, for a total value 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IEX. Wellington Management Group LLP lifted its stake in IDEX by 3.4% in the third quarter. Wellington Management Group LLP now owns 6,477,929 shares of the industrial products company’s stock valued at $1,054,348,000 after buying an additional 211,696 shares during the last quarter. Primecap Management Co. CA increased its holdings in shares of IDEX by 86.5% in the 4th quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock worth $574,174,000 after acquiring an additional 1,496,207 shares during the period. State Street Corp lifted its position in IDEX by 0.6% in the 4th quarter. State Street Corp now owns 3,172,410 shares of the industrial products company’s stock valued at $564,499,000 after purchasing an additional 17,668 shares during the last quarter. Geode Capital Management LLC boosted its stake in IDEX by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock valued at $360,740,000 after purchasing an additional 7,844 shares during the period. Finally, Van ECK Associates Corp grew its position in IDEX by 3.3% in the 4th quarter. Van ECK Associates Corp now owns 1,976,856 shares of the industrial products company’s stock worth $351,762,000 after purchasing an additional 63,699 shares during the last quarter. 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.