IDEX (NYSE:IEX) Sets New 12-Month High – Should You Buy?

IDEX Corporation (NYSE:IEX)’s stock price hit 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 traded. The stock had previously closed at $224.93.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IEX. TD Cowen upped their price target on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird set a $257.00 price objective on IDEX in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IDEX in a research note on Monday, April 20th. Royal Bank Of Canada upped their target price on IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Finally, 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 target price for the company. Six 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $241.11.

IDEX Stock Performance

The stock has a fifty day simple moving average of $211.67 and a two-hundred day simple moving average of $199.18. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. The stock has a market capitalization of $16.67 billion, a price-to-earnings ratio of 33.37, a P/E/G ratio of 2.21 and a beta of 1.00.

IDEX (NYSE:IEX) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.78 by $0.22. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The company had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. During the same quarter in the prior year, the company earned $1.75 EPS. The firm’s revenue for the quarter 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. Analysts forecast that IDEX Corporation will post 8.49 earnings per share for the current fiscal year.

IDEX Dividend Announcement

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

Insider Activity at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction on Monday, May 11th. The shares were 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. The trade was a 18.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On IDEX

Large investors have recently bought and sold shares of the stock. 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. Primecap Management Co. CA grew its stake 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 valued at $574,174,000 after buying an additional 1,496,207 shares during the period. State Street Corp increased 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 buying an additional 17,668 shares in the last quarter. Geode Capital Management LLC raised 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 worth $360,740,000 after buying an additional 7,844 shares during the period. Finally, Van ECK Associates Corp raised its stake in IDEX by 3.3% during 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 period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

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.