IDEX (NYSE:IEX) Upgraded at KeyCorp

Key Points

• KeyCorp upgraded IDEX to a “hold” rating, while the broader analyst consensus remains “Moderate Buy,” with nine Buy ratings and three Holds and an average price target of $260.27.
• IDEX reported quarterly EPS of $2.32, exceeding estimates of $2.11, while revenue rose 6.4% year over year to $920.6 million, above expectations.
• The stock opened at $237.07, near its 52-week high of $243.80; institutional investors own approximately 97.96% of outstanding shares.

IDEX (NYSE:IEX - Get Free Report) was upgraded by analysts at KeyCorp to a "hold" rating in a research note issued to investors on Monday, Zacks reports.

A number of other research firms also recently commented on IEX. Mizuho raised shares of IDEX from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $210.00 to $280.00 in a report on Tuesday, August 11th. TD Cowen upped their target price 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. Oppenheimer increased their target price on shares of IDEX from $265.00 to $270.00 and gave the company an "outperform" rating in a report on Wednesday, September 9th. DA Davidson lifted their price target on shares of IDEX from $230.00 to $240.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Finally, Citigroup lifted their price target on shares of IDEX from $252.00 to $269.00 and gave the company 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $260.27.

IDEX Price Performance

IDEX stock opened at $237.07 on Monday. The company has a market cap of $17.48 billion, a P/E ratio of 34.11, a price-to-earnings-growth ratio of 2.67 and a beta of 0.97. IDEX has a one year low of $159.27 and a one year high of $243.80. The business has a fifty day moving average of $230.45 and a two-hundred day moving average of $219.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.11 by $0.21. The business had revenue of $920.60 million for the quarter, compared to analysts' expectations of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $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. As a group, analysts predict that IDEX will post 8.83 earnings per share for the current fiscal year.

Insider Buying and Selling at IDEX

In other 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 transaction of $91,857.15. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On IDEX

Large investors have recently added to or reduced their stakes in the business. Burkett Financial Services LLC acquired a new position in IDEX in the 3rd quarter valued at about $27,000. Optiver Holding B.V. purchased a new position in IDEX in the 1st quarter valued at about $27,000. Quantbot Technologies LP acquired a new stake in shares of IDEX during the 2nd quarter worth about $33,000. Elevation Wealth Partners LLC boosted its stake in shares of IDEX by 42.7% during the 3rd quarter. Elevation Wealth Partners LLC now owns 147 shares of the industrial products company's stock worth $34,000 after purchasing an additional 44 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its stake in shares of IDEX by 104.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company's stock worth $28,000 after purchasing an additional 76 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.