IDEX Corporation (NYSE:IEX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of IDEX Corporation (NYSE:IEX) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $241.1111.

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus set a $250.00 price target on shares of IDEX in a report on Thursday, April 30th. Argus upgraded shares of IDEX from a “hold” rating to a “buy” rating and set a $240.00 price target for the company in a report on Friday, February 6th. Citigroup increased their price target on shares of IDEX from $243.00 to $252.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Seaport Research Partners reiterated a “buy” rating and issued a $250.00 price target on shares of IDEX in a report on Tuesday, May 5th. Finally, Robert W. Baird set a $257.00 price target on shares of IDEX in a report on Thursday, April 30th.

Insider Activity

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the completion of the transaction, the chief executive officer directly owned 66,658 shares in the company, valued at approximately $14,346,134.76. This trade represents a 18.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On IDEX

Hedge funds have recently added to or reduced their stakes in the business. GoalVest Advisory LLC purchased a new position in IDEX during the 4th quarter valued at about $26,000. Laurel Wealth Advisors LLC purchased a new position in IDEX during the 4th quarter valued at about $27,000. Optiver Holding B.V. purchased a new position in IDEX during the 1st quarter valued at about $27,000. SJS Investment Consulting Inc. increased its holdings in 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 acquiring an additional 76 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in IDEX by 61.0% during the 3rd quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 75 shares in the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

IDEX Stock Up 2.2%

IEX stock opened at $212.17 on Wednesday. IDEX has a one year low of $157.25 and a one year high of $223.85. The stock has a market capitalization of $15.70 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 2.04 and a beta of 1.00. 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 company has a fifty day moving average of $203.45 and a 200-day moving average of $194.17.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.22. The business had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.75 EPS. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. As a group, analysts expect that IDEX will post 8.49 EPS for the current year.

IDEX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a $0.73 dividend. The ex-dividend date is Friday, May 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from IDEX’s previous quarterly dividend of $0.71. IDEX’s payout ratio is 43.20%.

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.