Oppenheimer Raises IDEX (NYSE:IEX) Price Target to $260.00

IDEX (NYSE:IEX) had its price target hoisted by Oppenheimer from $250.00 to $260.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s target price would suggest a potential upside of 16.61% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus upped their target price on IDEX from $250.00 to $257.00 and gave the stock a “buy” rating in a report on Monday. Robert W. Baird set a $257.00 price target on IDEX in a research note on Thursday, April 30th. Citigroup lifted their price objective on IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Seaport Research Partners reaffirmed a “buy” rating and issued a $250.00 price objective on shares of IDEX in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada increased their target price on shares of IDEX from $252.00 to $261.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $244.00.

IDEX Stock Performance

Shares of NYSE:IEX opened at $222.96 on Tuesday. The firm’s 50 day simple moving average is $218.62 and its 200-day simple moving average is $206.54. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. IDEX has a one year low of $157.25 and a one year high of $231.70. The firm has a market cap of $16.50 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 2.17 and a beta of 0.98.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.22. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The firm had revenue of $886.90 million during the quarter, compared to analyst estimates of $845.58 million. During the same quarter in the previous year, the business earned $1.75 earnings per share. IDEX’s quarterly 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. As a group, equities analysts predict that IDEX will post 8.48 EPS for the current year.

Insider Transactions at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction 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 transaction, the chief executive officer directly owned 66,658 shares in the company, valued at approximately $14,346,134.76. This trade represents a 18.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On IDEX

A number of institutional investors have recently added to or reduced their stakes in IEX. Primecap Management Co. CA raised its holdings in IDEX by 86.5% in the fourth quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock worth $574,174,000 after purchasing an additional 1,496,207 shares in the last quarter. State Street Corp boosted its holdings in shares of 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 buying an additional 17,668 shares in the last quarter. Geode Capital Management LLC grew its position in shares of IDEX by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock worth $360,740,000 after buying an additional 7,844 shares during the last quarter. Van ECK Associates Corp grew its position in shares of 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 buying an additional 63,699 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of IDEX by 16.1% during the 3rd quarter. Invesco Ltd. now owns 1,809,788 shares of the industrial products company’s stock worth $294,561,000 after acquiring an additional 250,447 shares in the last quarter. Institutional investors 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.