IDEX Corporation (NYSE:IEX) Stock Has Consensus Price Target of $260.27

Shares of IDEX Corporation (NYSE:IEX) have been given an average rating of “Moderate Buy” by the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $260.27.

Several research analysts recently commented on IEX shares. TD Cowen raised their target price on IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Citigroup lifted their price target on shares of IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Mizuho raised shares of IDEX from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $210.00 to $280.00 in a report on Tuesday, August 11th. Weiss Ratings upgraded shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada increased their price objective on shares of IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th.

IDEX Trading Up 0.6%

IDEX stock opened at $235.69 on Tuesday. The business has a 50 day moving average price of $230.47 and a two-hundred day moving average price of $219.47. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. IDEX has a 12 month low of $159.27 and a 12 month high of $243.80. The stock has a market cap of $17.38 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 2.65 and a beta of 0.97.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.21. The company had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%. IDEX’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.07 EPS. 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, equities analysts forecast that IDEX will post 8.83 EPS for the current year.

IDEX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be paid a $0.73 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.92 dividend on an annualized basis and a yield of 1.2%. IDEX’s payout ratio is presently 42.01%.

Insiders Place Their Bets

In related news, CAO Lisa Anderson sold 385 shares of the stock in a transaction dated Wednesday, August 12th. The shares were 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 of the company’s stock, valued at $1,032,378.93. This represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On IDEX

A number of institutional investors have recently added to or reduced their stakes in IEX. Elevation Wealth Partners LLC grew its holdings in shares of IDEX by 42.7% in the 3rd quarter. Elevation Wealth Partners LLC now owns 147 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 44 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in IDEX by 4.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company’s stock valued at $274,000 after purchasing an additional 56 shares during the last quarter. Evolve Private Wealth LLC lifted its holdings in IDEX by 2.8% during the 1st quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock valued at $403,000 after purchasing an additional 58 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in IDEX by 2.6% during the 1st quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company’s stock valued at $463,000 after purchasing an additional 62 shares during the last quarter. Finally, Allworth Financial LP boosted its position in IDEX by 9.4% in the second quarter. Allworth Financial LP now owns 722 shares of the industrial products company’s stock valued at $164,000 after buying an additional 62 shares in the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

About IDEX

IDEX Corporation (NYSE: IEX) is a diversified industrial company that designs, manufactures and sells engineered products and technologies used to move, control and monitor fluids. Its products serve a range of industrial, commercial and specialty applications where precision, reliability and performance are important.

The company operates through three primary segments: Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products. Its offerings include pumps, valves, flow meters, compressors, dispensing equipment, precision fluidics components and related systems.