IDEX (NYSE:IEX) Hits New 1-Year High – Here’s Why

IDEX Corporation (NYSE:IEX)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $223.85 and last traded at $222.4090, with a volume of 79199 shares. The stock had previously closed at $218.59.

Analyst Upgrades and Downgrades

A number of research analysts recently 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 target price on the stock. Stifel Nicolaus set a $250.00 target price on IDEX in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IDEX in a report on Monday, April 20th. Seaport Research Partners reissued a “buy” rating and set a $250.00 price objective on shares of IDEX in a research note on Tuesday, May 5th. Finally, Oppenheimer reissued an “outperform” rating and set a $250.00 price objective (up from $242.00) on shares of IDEX in a research note 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $241.11.

IDEX Price Performance

The stock has a 50 day moving average of $206.07 and a two-hundred day moving average of $195.95. The stock has a market cap of $16.39 billion, a PE ratio of 32.70, a PEG ratio of 2.11 and a beta of 1.00. 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 (NYSE:IEX) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. The firm had revenue of $886.90 million for the quarter, compared to analysts’ expectations of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.IDEX’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $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. Equities analysts anticipate that IDEX Corporation will post 8.49 EPS for the current year.

IDEX Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a $0.73 dividend. The ex-dividend date was Friday, May 22nd. This is an increase from IDEX’s previous quarterly dividend of $0.71. 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 Activity

In other news, CEO Eric D. Ashleman sold 15,385 shares of the 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 completion of the sale, 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 ownership of the stock. The transaction 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 insiders.

Institutional Trading of IDEX

Hedge funds have recently modified their holdings of the business. GoalVest Advisory LLC purchased a new stake in shares of IDEX in the fourth quarter valued at $26,000. Laurel Wealth Advisors LLC acquired a new position in shares of IDEX in the fourth quarter worth $27,000. Optiver Holding B.V. acquired a new position in shares of IDEX in the first quarter worth $27,000. SJS Investment Consulting Inc. increased its stake in shares of IDEX by 104.1% in the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 76 shares during the last quarter. Finally, Cromwell Holdings LLC increased its stake in shares of IDEX by 41.1% in the fourth quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

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.