BMO Capital Markets Begins Coverage on IDEX (NYSE:IEX)

Stock analysts at BMO Capital Markets initiated coverage on shares of IDEX (NYSE:IEX) in a research report issued to clients and investors on Friday. The firm set a “market perform” rating and a $214.00 price target on the industrial products company’s stock. BMO Capital Markets’ target price points to a potential upside of 12.83% from the stock’s current price.

IEX has been the topic of a number of other reports. TD Cowen increased their price objective on shares of IDEX from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Oppenheimer restated an “outperform” rating and set a $230.00 target price on shares of IDEX in a research report on Thursday, February 5th. Royal Bank Of Canada increased their price target on IDEX from $211.00 to $244.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Argus raised IDEX from a “hold” rating to a “buy” rating and set a $240.00 price target for the company in a research note on Friday, February 6th. Finally, Stifel Nicolaus boosted their price objective on IDEX from $200.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, IDEX presently has an average rating of “Moderate Buy” and an average price target of $226.80.

IDEX Stock Performance

NYSE IEX opened at $189.67 on Friday. The business’s 50 day moving average price is $200.71 and its 200-day moving average price is $181.26. IDEX has a fifty-two week low of $153.36 and a fifty-two week high of $217.15. The company has a market cap of $14.10 billion, a P/E ratio of 29.59, a P/E/G ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.02 and a current ratio of 2.86.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.10 EPS for the quarter, topping the consensus estimate of $2.04 by $0.06. IDEX had a net margin of 13.98% and a return on equity of 15.03%. The company had revenue of $899.10 million during the quarter, compared to analyst estimates of $882.00 million. During the same period in the previous year, the firm earned $2.04 earnings per share. IDEX’s quarterly revenue was up 4.2% compared to the same quarter last year. IDEX has set its Q1 2026 guidance at 1.730-1.780 EPS and its FY 2026 guidance at 8.150-8.35 EPS. Sell-side analysts predict that IDEX will post 8.26 earnings per share for the current year.

Hedge Funds Weigh In On IDEX

Hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake 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 acquiring an additional 211,696 shares in the last quarter. Primecap Management Co. CA grew its stake in IDEX by 86.5% in the fourth quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock worth $574,174,000 after purchasing an additional 1,496,207 shares in the last quarter. State Street Corp grew its stake in IDEX by 0.6% in the fourth quarter. State Street Corp now owns 3,172,410 shares of the industrial products company’s stock worth $564,499,000 after purchasing an additional 17,668 shares in the last quarter. Nordea Investment Management AB increased its holdings in IDEX by 193.6% during the 3rd quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock worth $382,049,000 after purchasing an additional 1,559,124 shares during the period. Finally, Geode Capital Management LLC increased its holdings 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 purchasing an additional 7,844 shares during the period. 97.96% of the stock is currently owned by institutional investors.

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.