IDEX (NYSE:IEX) Hits New 1-Year High – Here’s Why

IDEX Corporation (NYSE:IEX)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $223.85 and last traded at $222.4090, with a volume of 79199 shares changing hands. The stock had previously closed at $218.59.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on IEX shares. Royal Bank Of Canada lifted their price target on IDEX from $225.00 to $252.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IDEX in a research report on Monday, April 20th. Seaport Research Partners reaffirmed a “buy” rating and issued a $250.00 price target on shares of IDEX in a research report on Tuesday, May 5th. Robert W. Baird set a $257.00 price target on IDEX in a research note on Thursday, April 30th. Finally, TD Cowen lifted their price objective on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, IDEX currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.11.

IDEX Stock Performance

The stock has a 50 day moving average price of $206.07 and a two-hundred day moving average price of $195.95. 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 company has a market cap of $16.39 billion, a price-to-earnings ratio of 32.70, a P/E/G ratio of 2.11 and a beta of 1.00.

IDEX (NYSE:IEX) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.22. The company had revenue of $886.90 million for the quarter, compared to the consensus estimate of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business 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. Analysts predict that IDEX Corporation will post 8.49 EPS for the current year.

IDEX Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a $0.73 dividend. This represents a $2.92 annualized dividend and a dividend yield of 1.3%. This is an increase from IDEX’s previous quarterly dividend of $0.71. The ex-dividend date was Friday, May 22nd. IDEX’s dividend payout ratio is currently 43.20%.

Insider Buying and Selling at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 66,658 shares in the company, valued at $14,346,134.76. This trade represents a 18.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Optiver Holding B.V. acquired a new position in IDEX during the first quarter valued at approximately $27,000. GoalVest Advisory LLC acquired a new position in IDEX during the fourth quarter valued at approximately $26,000. SJS Investment Consulting Inc. boosted its position in IDEX by 104.1% during the first 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 during the last quarter. Laurel Wealth Advisors LLC acquired a new position in IDEX during the fourth quarter valued at approximately $27,000. Finally, CYBER HORNET ETFs LLC acquired a new position in IDEX during the second quarter valued at approximately $35,000. 97.96% of the stock is owned by institutional investors and hedge funds.

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.