IDEX (NYSE:IEX) Price Target Raised to $260.00

IDEX (NYSE:IEX) had its price target raised by Oppenheimer from $250.00 to $260.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the industrial products company’s stock.

A number of other research firms have also recently issued reports on IEX. BMO Capital Markets assumed coverage on IDEX in a research report on Friday, March 27th. They issued a “market perform” rating and a $214.00 target price on the stock. Royal Bank Of Canada increased their target price on shares of IDEX from $252.00 to $261.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Weiss Ratings upgraded shares of IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Stifel Nicolaus lifted their price target on shares of IDEX from $250.00 to $257.00 and gave the company a “buy” rating in a report on Monday. Finally, TD Cowen upped their price objective on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $244.00.

IDEX Trading Down 0.5%

Shares of IEX stock opened at $222.07 on Tuesday. The stock has a market cap of $16.44 billion, a P/E ratio of 32.85, a price-to-earnings-growth ratio of 2.19 and a beta of 0.98. IDEX has a 1 year low of $157.25 and a 1 year high of $231.70. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46. The stock has a 50 day simple moving average of $218.84 and a 200 day simple moving average of $206.84.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.22. The business had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. IDEX’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.75 earnings per share. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. On average, research analysts predict that IDEX will post 8.48 earnings per share for the current fiscal year.

IDEX Dividend Announcement

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

Insider Activity

In related news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 66,658 shares of the company’s stock, valued at $14,346,134.76. The trade was a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On IDEX

Hedge funds have recently bought and sold shares of the company. Laurel Wealth Advisors LLC bought a new position in shares of IDEX in the 4th quarter worth about $27,000. Optiver Holding B.V. acquired a new position in shares of IDEX in the 1st quarter valued at about $27,000. SJS Investment Consulting Inc. boosted its position in shares of IDEX by 104.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 76 shares in the last quarter. Cromwell Holdings LLC boosted its position in shares of IDEX by 41.1% during the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 58 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in IDEX during the second quarter worth approximately $35,000. 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.