IDEX Corporation (NYSE:IEX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of IDEX Corporation (NYSE:IEX) have earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $241.1111.

Several analysts have issued reports on the company. BMO Capital Markets assumed coverage on IDEX in a report on Friday, March 27th. They set a “market perform” rating and a $214.00 price objective on the stock. TD Cowen boosted their price objective on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Oppenheimer restated an “outperform” rating and set a $250.00 price objective (up from $242.00) on shares of IDEX in a report on Tuesday, June 2nd. Stifel Nicolaus set a $250.00 price objective on IDEX in a report on Thursday, April 30th. Finally, Seaport Research Partners restated a “buy” rating and set a $250.00 price objective on shares of IDEX in a report on Tuesday, May 5th.

IDEX Stock Performance

IEX stock opened at $227.20 on Friday. The company has a market capitalization of $16.82 billion, a P/E ratio of 33.61, a PEG ratio of 2.23 and a beta of 1.00. The company has a 50-day simple moving average of $213.96 and a 200 day simple moving average of $200.68. IDEX has a fifty-two week low of $157.25 and a fifty-two week high of $230.18. 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 earnings per share for the quarter, topping 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 business had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. During the same quarter in the prior year, the company posted $1.75 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. Sell-side analysts predict that IDEX will post 8.49 earnings per share for the current fiscal year.

IDEX Announces Dividend

The firm 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 $0.73 dividend. The ex-dividend date is Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. IDEX’s dividend payout ratio is currently 43.20%.

Insider Buying and Selling at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 66,658 shares in the company, valued at $14,346,134.76. This represents a 18.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On IDEX

A number of large investors have recently made changes to their positions in the business. Empowered Funds LLC increased its holdings in shares of IDEX by 3.4% in the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after purchasing an additional 54 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of IDEX by 4.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company’s stock valued at $274,000 after buying an additional 56 shares in the last quarter. Cromwell Holdings LLC grew its stake in shares of IDEX by 41.1% in the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock valued at $35,000 after buying an additional 58 shares in the last quarter. Evolve Private Wealth LLC grew its stake in shares of IDEX by 2.8% in the 1st quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock valued at $403,000 after buying an additional 58 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in shares of IDEX by 2.6% in the 1st quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company’s stock valued at $463,000 after buying an additional 62 shares in the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Company Profile

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.