IDEX (NYSE:IEX) Upgraded to Hold at KeyCorp

KeyCorp upgraded shares of IDEX (NYSE:IEX) to a hold rating in a research report sent to investors on Monday,Zacks reports.

Several other research analysts have also recently weighed in on the company. Argus increased their price objective on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Royal Bank Of Canada boosted their target price on shares of IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Oppenheimer upped their price target on shares of IDEX from $265.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, September 9th. Weiss Ratings raised shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Finally, TD Cowen raised their price target on shares of IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $260.27.

IDEX Trading Up 0.6%

Shares of IEX stock opened at $237.07 on Monday. IDEX has a 12-month low of $159.27 and a 12-month high of $243.80. The company has a market capitalization of $17.48 billion, a PE ratio of 34.11, a price-to-earnings-growth ratio of 2.67 and a beta of 0.97. The firm has a 50 day moving average price of $230.45 and a two-hundred day moving average price of $219.79. 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 (NYSE:IEX) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.11 by $0.21. The company had revenue of $920.60 million for the quarter, compared to the consensus estimate of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.07 earnings per share. 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, analysts predict that IDEX will post 8.83 earnings per share for the current year.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 2nd will be given a dividend of $0.73 per share. 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 dividend payout ratio is currently 42.01%.

Insider Buying and Selling

In other IDEX news, CAO Lisa Anderson sold 385 shares of IDEX stock in a transaction on Wednesday, August 12th. The stock was 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 directly owned 4,327 shares of the company’s stock, valued at $1,032,378.93. The trade was a 8.17% 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 currently owned by company insiders.

Institutional Trading of IDEX

Large investors have recently modified their holdings of the stock. Burkett Financial Services LLC acquired a new position in IDEX in the 3rd quarter worth about $27,000. Optiver Holding B.V. bought a new stake in shares of IDEX during the first quarter worth about $27,000. Quantbot Technologies LP bought a new stake in shares of IDEX during the second quarter worth about $33,000. Elevation Wealth Partners LLC increased its stake in shares of IDEX by 42.7% in the third quarter. Elevation Wealth Partners LLC now owns 147 shares of the industrial products company’s stock valued at $34,000 after buying an additional 44 shares during the period. Finally, SJS Investment Consulting Inc. increased its stake in shares of IDEX by 104.1% in the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock valued at $28,000 after buying an additional 76 shares during the period. 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.