IDEX Corporation (NYSE:IEX) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts remain broadly bullish on IDEX: Nine of 11 brokerages rate the stock a “buy,” while two recommend holding it. The consensus 12-month price target is approximately $260.27, with several firms recently raising their targets.
• IDEX exceeded quarterly expectations, reporting $2.32 in EPS versus the $2.11 consensus and revenue of $920.6 million versus $905.4 million expected. Revenue increased 6.4% year over year, and management issued fiscal 2026 EPS guidance of $8.70–$8.85.
• The stock opened at $221.38, down 1.7%, with a market capitalization of $16.32 billion. IDEX also declared a quarterly dividend of $0.73, equal to an annualized $2.92 and a 1.3% yield.

IDEX Corporation (NYSE:IEX - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $260.2727.

A number of brokerages have recently issued reports on IEX. TD Cowen boosted their price objective on shares of IDEX from $260.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of IDEX from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 30th. Argus increased their target price on IDEX from $250.00 to $260.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Royal Bank Of Canada boosted their target price on IDEX from $261.00 to $280.00 and gave the stock an "outperform" rating in a research report on Thursday, July 30th. Finally, 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.

IDEX Trading Down 1.7%

IDEX stock opened at $221.38 on Friday. IDEX has a 52-week low of $158.19 and a 52-week high of $243.80. The company has a market cap of $16.32 billion, a P/E ratio of 31.85, a P/E/G ratio of 2.56 and a beta of 0.98. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $228.59 and a two-hundred day simple moving average of $214.72.

IDEX (NYSE:IEX - Get Free Report) last posted its quarterly earnings data 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. The company 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 revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.07 earnings per share. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Analysts predict that IDEX will post 8.78 EPS for the current year.

IDEX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 6th were given a $0.73 dividend. The ex-dividend date was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. IDEX's dividend payout ratio (DPR) is currently 42.01%.

Insiders Place Their Bets

In other news, CAO Lisa Anderson sold 385 shares of the stock in a transaction 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 of the company's stock, valued at approximately $1,032,378.93. This represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On IDEX

Large investors have recently made changes to their positions in the company. Optiver Holding B.V. bought a new stake in IDEX in the first quarter worth about $27,000. Quantbot Technologies LP bought a new position in shares of IDEX during the second quarter valued at approximately $33,000. SJS Investment Consulting Inc. grew its stake in shares of IDEX by 104.1% during 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 last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of IDEX in the second quarter worth approximately $35,000. Finally, Root Financial Partners LLC raised its holdings in shares of IDEX by 57.6% in the first quarter. Root Financial Partners LLC now owns 208 shares of the industrial products company's stock worth $39,000 after buying an additional 76 shares during the period. 97.96% of the stock is owned by hedge funds and other institutional investors.

About IDEX

IDEX Corporation NYSE: IEX is an industrial technology company that designs, manufactures and markets engineered products and systems used in a range of specialized applications. Its portfolio includes pumps, valves, flow meters, compressors, dispensing equipment and other fluid-handling technologies that help customers move, measure and control liquids and gases.

The company operates through businesses focused on Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety/Diversified Products.

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.