IDEX (NYSE:IEX) Upgraded to “Buy” at Argus

IDEX (NYSE:IEX) was upgraded by analysts at Argus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat reports. The firm currently has a $240.00 price objective on the industrial products company’s stock. Argus’ target price indicates a potential upside of 12.88% from the stock’s current price.

Several other research firms also recently issued reports on IEX. DA Davidson raised their price target on shares of IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday. Royal Bank Of Canada upped their price target on IDEX from $211.00 to $244.00 and gave the company an “outperform” rating in a research report on Thursday. Oppenheimer restated an “outperform” rating and set a $230.00 price objective on shares of IDEX in a research report on Thursday. TD Cowen lifted their price objective on IDEX from $200.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Citigroup increased their target price on shares of IDEX from $202.00 to $243.00 and gave the company a “buy” rating in a research report on Thursday. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $228.22.

IDEX Trading Up 0.2%

Shares of IEX stock opened at $212.62 on Friday. IDEX has a twelve month low of $153.36 and a twelve month high of $213.83. The stock’s fifty day simple moving average is $185.80 and its 200 day simple moving average is $173.06. The company has a quick ratio of 2.06, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $15.91 billion, a P/E ratio of 33.17, a P/E/G ratio of 2.14 and a beta of 1.00.

IDEX (NYSE:IEX) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $2.10 EPS for the quarter, beating the consensus estimate of $2.04 by $0.06. IDEX had a return on equity of 15.03% and a net margin of 13.98%.The firm had revenue of $899.10 million during the quarter, compared to the consensus estimate of $882.00 million. During the same period last year, the company earned $2.04 earnings per share. The business’s quarterly revenue was up 4.2% on a year-over-year basis. IDEX has set its Q1 2026 guidance at 1.730-1.780 EPS and its FY 2026 guidance at 8.150-8.35 EPS. As a group, sell-side analysts predict that IDEX will post 8.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IEX. Wellington Management Group LLP raised its holdings in shares of IDEX by 3.4% during 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 purchasing an additional 211,696 shares during the period. State Street Corp boosted its holdings in IDEX by 1.8% in the third quarter. State Street Corp now owns 3,154,742 shares of the industrial products company’s stock worth $513,466,000 after acquiring an additional 54,990 shares in the last quarter. Nordea Investment Management AB grew its stake in IDEX by 193.6% in the third quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock valued at $382,049,000 after acquiring an additional 1,559,124 shares during the period. Geode Capital Management LLC grew its stake in IDEX by 1.5% in the second quarter. Geode Capital Management LLC now owns 2,000,861 shares of the industrial products company’s stock valued at $349,869,000 after acquiring an additional 29,353 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of IDEX by 8.3% during the third quarter. Van ECK Associates Corp now owns 1,913,157 shares of the industrial products company’s stock worth $311,385,000 after purchasing an additional 146,618 shares during the period. 97.96% of the stock is owned by institutional investors.

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.