Royal Bank Of Canada Forecasts Strong Price Appreciation for IDEX (NYSE:IEX) Stock

Key Points

• Royal Bank of Canada raised its IDEX price target from $280 to $285 and maintained an “outperform” rating, implying approximately 20.1% upside from the stock’s $237.30 price.
• IDEX reported quarterly EPS of $2.32, beating estimates of $2.11, while revenue reached $920.6 million and increased 6.4% year over year. Analysts collectively rate the stock “Moderate Buy,” with an average price target of $260.73.
• Institutional investors own 97.96% of IDEX, while an insider recently sold 385 shares for roughly $91,857; the company’s stock remains near its 12-month high of $243.80.

IDEX (NYSE:IEX - Get Free Report) had its target price hoisted by equities researchers at Royal Bank Of Canada from $280.00 to $285.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an "outperform" rating on the industrial products company's stock. Royal Bank Of Canada's target price would suggest a potential upside of 20.10% from the stock's current price.

A number of other brokerages have also issued reports on IEX. KeyCorp upgraded shares of IDEX to a "hold" rating in a research report on Monday. Weiss Ratings raised shares of IDEX from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. Oppenheimer raised their price target on shares of IDEX from $265.00 to $270.00 and gave the company an "outperform" rating in a report on Wednesday, September 9th. Citigroup boosted their price objective on shares of IDEX from $252.00 to $269.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Finally, TD Cowen upped their price objective on IDEX from $260.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $260.73.

IDEX Price Performance

IDEX stock traded up $0.11 on Wednesday, reaching $237.30. The company's stock had a trading volume of 27,110 shares, compared to its average volume of 728,692. The business's fifty day moving average price is $230.45 and its 200 day moving average price is $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. The company has a market cap of $17.49 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 2.67 and a beta of 0.97. IDEX has a twelve month low of $160.60 and a twelve month high of $243.80.

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

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 transaction of $91,857.15. Following the completion of the sale, the chief accounting officer directly owned 4,327 shares of the company's stock, valued at approximately $1,032,378.93. The trade was a 8.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IEX. Optiver Holding B.V. bought a new stake in shares of IDEX during the first quarter worth approximately $27,000. Burkett Financial Services LLC acquired a new position in IDEX in the third quarter valued at approximately $27,000. SJS Investment Consulting Inc. lifted its holdings in 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. Quantbot Technologies LP bought a new position in IDEX in the second quarter valued at approximately $33,000. Finally, Elevation Wealth Partners LLC boosted its stake in 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 acquiring an additional 44 shares during the last quarter. Institutional investors own 97.96% of the company's stock.

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.

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