IDEX (NYSE:IEX) Price Target Raised to $285.00

IDEX (NYSE:IEX) had its price objective hoisted by Royal Bank Of Canada from $280.00 to $285.00 in a report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

A number of other brokerages have also recently weighed in on IEX. Mizuho upgraded IDEX from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $210.00 to $280.00 in a research report on Tuesday, August 11th. TD Cowen boosted their price objective on IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Citigroup boosted their price objective on IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Argus upped their price objective on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Oppenheimer increased their target price on IDEX from $265.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 9th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, IDEX currently has an average rating of “Moderate Buy” and an average target price of $260.73.

IDEX Price Performance

Shares of NYSE:IEX opened at $235.10 on Wednesday. The company has a market cap of $17.33 billion, a PE ratio of 33.83, a P/E/G ratio of 2.68 and a beta of 0.97. IDEX has a fifty-two week low of $160.60 and a fifty-two week high of $243.80. The firm has a 50-day simple moving average of $230.55 and a 200 day simple moving average of $220.58. 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 issued its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The firm had revenue of $920.60 million for the quarter, compared to analysts’ expectations of $905.38 million. During the same quarter last year, the company posted $2.07 earnings per share. IDEX’s revenue was up 6.4% on a year-over-year basis. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. On average, sell-side analysts anticipate that IDEX will post 8.83 EPS for the current year.

IDEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were given a $0.73 dividend. The ex-dividend date was Friday, October 2nd. This represents a $2.92 annualized dividend and a yield of 1.2%. IDEX’s dividend payout ratio is 42.01%.

Insider Buying and Selling

In other IDEX news, CAO Lisa Anderson sold 385 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total value of $91,857.15. Following the sale, the chief accounting officer owned 4,327 shares in the company, valued at approximately $1,032,378.93. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On IDEX

Several hedge funds and other institutional investors have recently made changes to their positions in the business. USA Financial Formulas bought a new position in IDEX in the 3rd quarter worth approximately $477,000. V Square Quantitative Management LLC raised its stake in IDEX by 8.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,319 shares of the industrial products company’s stock valued at $757,000 after acquiring an additional 265 shares in the last quarter. Krilogy Financial LLC acquired a new position in IDEX during the 3rd quarter worth $351,000. Contravisory Investment Management Inc. boosted its position in IDEX by 5.3% during the 3rd quarter. Contravisory Investment Management Inc. now owns 5,467 shares of the industrial products company’s stock worth $1,246,000 after acquiring an additional 273 shares during the period. Finally, Fragasso Financial Advisors Inc acquired a new position in IDEX during the 3rd quarter worth $264,000. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Company Profile

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.