IDEX (NYSE:IEX) Price Target Raised to $275.00

IDEX (NYSE:IEX) had its target price raised by Oppenheimer from $270.00 to $275.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

Other research analysts have also issued research reports about the stock. Vertical Research started coverage on shares of IDEX in a research report on Tuesday, September 8th. They issued a “buy” rating and a $250.00 price target on the stock. Mizuho upgraded IDEX from a “neutral” rating to an “outperform” rating and upped their target price for the company from $210.00 to $280.00 in a report on Tuesday, August 11th. Weiss Ratings upgraded shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Stifel Nicolaus set a $267.00 target price on shares of IDEX in a research report on Monday. Finally, Royal Bank Of Canada lifted their target price on shares of IDEX from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Wednesday, October 14th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $261.09.

IDEX Stock Performance

Shares of NYSE IEX opened at $228.78 on Wednesday. The stock has a fifty day moving average price of $229.92 and a two-hundred day moving average price of $222.07. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05. The firm has a market cap of $16.87 billion, a P/E ratio of 32.92, a PEG ratio of 2.57 and a beta of 0.97. IDEX has a 1 year low of $160.60 and a 1 year high of $243.80.

IDEX (NYSE:IEX) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (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 analysts’ expectations 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 period last year, the firm earned $2.07 EPS. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Research analysts forecast that IDEX will post 8.83 EPS for the current fiscal year.

IDEX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 2nd were issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, October 2nd. IDEX’s dividend payout ratio (DPR) is 42.01%.

Insiders Place Their Bets

In other IDEX news, CAO Lisa Anderson sold 385 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer owned 4,327 shares of the company’s stock, valued at $1,032,378.93. The trade was a 8.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IEX. Freestone Grove Partners LP acquired a new position in shares of IDEX during the 2nd quarter worth about $102,523,000. Korea Investment CORP acquired a new stake in IDEX in the 2nd quarter valued at approximately $7,563,000. Envestnet Portfolio Solutions Inc. acquired a new stake in IDEX in the 2nd quarter valued at approximately $1,344,000. Hsbc Holdings PLC grew its holdings in IDEX by 35.6% in the 2nd quarter. Hsbc Holdings PLC now owns 403,063 shares of the industrial products company’s stock valued at $91,474,000 after buying an additional 105,902 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in IDEX by 40.7% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,057 shares of the industrial products company’s stock worth $8,351,000 after buying an additional 12,750 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Company Profile

IDEX Corporation is an industrial manufacturing company headquartered in Lake Forest, Illinois. The company designs and produces engineered products and technologies used to move, control, measure and apply fluids, as well as equipment used in fire and safety applications.

IDEX operates through businesses serving fluid and metering technologies, health and science technologies, and fire and safety markets. Its products include pumps, valves, flow meters, compressors, dispensing equipment, precision fluidics components and systems, fire pumps, rescue tools and other specialized equipment.

The company serves a broad range of industries, including healthcare, life sciences, water and wastewater, chemical processing, energy, food and beverage, agriculture, industrial manufacturing and municipal fire protection.