Vertical Research Initiates Coverage on IDEX (NYSE:IEX)

Key Points

• Vertical Research initiated coverage of IDEX with a “buy” rating and a $250 price target, implying 11.75% upside from the previous close.
• Analyst sentiment is broadly positive: IDEX has a consensus “Moderate Buy” rating from 11 analysts and an average price target of $259.82.
• IDEX exceeded quarterly expectations, reporting $2.32 in EPS versus the $2.11 consensus and $920.6 million in revenue, up 6.4% year over year.

Analysts at Vertical Research started coverage on shares of IDEX (NYSE:IEX - Get Free Report) in a report released on Tuesday, Marketbeat reports. The firm set a "buy" rating and a $250.00 price target on the industrial products company's stock. Vertical Research's price target points to a potential upside of 11.75% from the stock's previous close.

A number of other equities analysts have also recently commented on the stock. Stifel Nicolaus lifted their price objective on shares of IDEX from $257.00 to $268.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of IDEX from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Citigroup increased their price target on shares of IDEX from $252.00 to $269.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Oppenheimer reissued an "outperform" rating and set a $265.00 price objective on shares of IDEX in a research note on Thursday, July 30th. Finally, Mizuho upgraded IDEX from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $210.00 to $280.00 in a research report on Tuesday, August 11th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, IDEX has a consensus rating of "Moderate Buy" and an average price target of $259.82.

IDEX Stock Performance

NYSE:IEX opened at $223.71 on Tuesday. The company has a market cap of $16.49 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 2.54 and a beta of 0.98. IDEX has a 1 year low of $158.19 and a 1 year high of $243.80. The stock's 50 day simple moving average is $228.67 and its two-hundred day simple moving average is $214.38. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15.

IDEX (NYSE:IEX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The firm had revenue of $920.60 million during the quarter, compared to the consensus estimate of $905.38 million. During the same period in the prior year, the company earned $2.07 EPS. The company's quarterly revenue was up 6.4% compared to the same quarter last year. 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, equities analysts anticipate that IDEX will post 8.82 earnings per share for the current fiscal year.

Insider Transactions at IDEX

In other IDEX news, CAO Lisa Anderson sold 385 shares of the company's 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 transaction, the chief accounting officer owned 4,327 shares of the company's stock, valued at $1,032,378.93. This represents a 8.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On IDEX

Hedge funds have recently added to or reduced their stakes in the stock. Optiver Holding B.V. bought a new position in shares of IDEX during the 1st quarter worth $27,000. SJS Investment Consulting Inc. lifted its holdings in IDEX by 104.1% during the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company's stock worth $28,000 after buying an additional 76 shares during the period. Quantbot Technologies LP bought a new stake in IDEX during the 2nd quarter valued at $33,000. CYBER HORNET ETFs LLC purchased a new position in shares of IDEX in the 2nd quarter valued at $35,000. Finally, Root Financial Partners LLC increased its holdings in shares of IDEX by 57.6% in the 1st quarter. Root Financial Partners LLC now owns 208 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 76 shares during the period. 97.96% of the stock is currently owned by institutional investors.

IDEX Company Profile

IDEX Corporation is a diversified industrial manufacturer specializing in the design, production and distribution of highly engineered fluidics systems, measurement technologies and safety solutions. The company's core offerings include positive-displacement pumps, flow meters, valves, sampling systems and analytical instruments that serve a wide range of end markets such as water treatment, chemical processing, energy, food and beverage, and life sciences. Through its focus on precision engineering and proprietary material science, IDEX delivers products designed for reliability in demanding applications.

Operations at IDEX are organized into three principal segments.

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