IDEX (NYSE:IEX) Stock Price Breaks Above 50-Day Moving Average – What’s Next?

IDEX Corporation (NYSE:IEX) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $230.06 and traded as high as $233.44. IDEX shares last traded at $230.9960, with a volume of 657,152 shares trading hands.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Oppenheimer boosted their target price on IDEX from $270.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, October 21st. Citigroup upped their target price on IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Argus increased their target price on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Royal Bank Of Canada increased their target price on IDEX from $280.00 to $285.00 and gave the stock an “outperform” rating in a report on Wednesday, October 14th. Finally, Weiss Ratings raised shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, IDEX has an average rating of “Moderate Buy” and a consensus target price of $261.09.

IDEX Price Performance

The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average is $230.06 and its two-hundred day moving average is $214.91. The company has a market capitalization of $17.03 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 2.60 and a beta of 0.97.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The firm had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. During the same quarter last year, the business posted $2.07 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. As a group, analysts predict that IDEX Corporation will post 8.83 earnings per share for the current year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 2nd were given 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 of this dividend was Friday, October 2nd. IDEX’s dividend payout ratio (DPR) is presently 42.01%.

Insiders Place Their Bets

In other IDEX news, CAO Lisa Anderson sold 385 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total value of $91,857.15. Following the completion of the transaction, the chief accounting officer owned 4,327 shares in the company, valued at $1,032,378.93. This represents a 8.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On IDEX

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of IDEX in the second quarter valued at $1,301,393,000. Primecap Management Co. CA purchased a new position in shares of IDEX during the 2nd quarter valued at $748,951,000. Bank of America Corp DE grew its stake in shares of IDEX by 215.0% during the 1st quarter. Bank of America Corp DE now owns 1,094,101 shares of the industrial products company’s stock worth $207,387,000 after acquiring an additional 746,732 shares during the period. Alyeska Investment Group L.P. grew its stake in shares of IDEX by 101.4% during the 2nd quarter. Alyeska Investment Group L.P. now owns 1,042,703 shares of the industrial products company’s stock worth $236,641,000 after acquiring an additional 525,048 shares during the period. Finally, Freestone Grove Partners LP purchased a new stake in IDEX in the 2nd quarter worth about $102,523,000. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Company Profile

IDEX Corporation is an industrial manufacturing company headquartered in Lake Forest, Illinois. The company designs and produces engineered products and technologies used to move, control, measure and apply fluids, as well as equipment used in fire and safety applications.

IDEX operates through businesses serving fluid and metering technologies, health and science technologies, and fire and safety markets. Its products include pumps, valves, flow meters, compressors, dispensing equipment, precision fluidics components and systems, fire pumps, rescue tools and other specialized equipment.

The company serves a broad range of industries, including healthcare, life sciences, water and wastewater, chemical processing, energy, food and beverage, agriculture, industrial manufacturing and municipal fire protection.