IDEX Corporation (NYSE:IEX) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Wall Street’s consensus rating is “Moderate Buy”: Nine of 11 analysts rate IDEX a buy, with an average 12-month price target of $260.27 versus the stock’s $235.55 price.
• Quarterly results exceeded expectations: IDEX reported adjusted EPS of $2.32, above the $2.11 consensus, while revenue rose 6.4% year over year to $920.6 million.
• The company declared a quarterly dividend of $0.73 per share, equivalent to $2.92 annually and a 1.2% yield; institutional investors own 97.96% of outstanding shares.

IDEX Corporation (NYSE:IEX - Get Free Report) has received a consensus rating of "Moderate Buy" from the eleven brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $260.27.

Several equities analysts recently issued reports on IEX shares. DA Davidson boosted their target price on shares of IDEX from $230.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. TD Cowen lifted their price objective on IDEX from $260.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Stifel Nicolaus boosted their price objective on IDEX from $257.00 to $268.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. 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 research report on Tuesday, August 11th. Finally, Citigroup raised their target price on IDEX from $252.00 to $269.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th.

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 shares were 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 in the company, valued at $1,032,378.93. The trade was a 8.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On IDEX

Large investors have recently bought and sold shares of the stock. Burkett Financial Services LLC bought a new position in shares of IDEX during the 3rd quarter worth about $27,000. Optiver Holding B.V. bought a new stake in IDEX in the 1st quarter valued at about $27,000. Quantbot Technologies LP acquired a new position in IDEX during the 2nd quarter worth approximately $33,000. SJS Investment Consulting Inc. raised its stake in 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 buying an additional 76 shares during the period. Finally, Root Financial Partners LLC boosted its holdings in 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 acquiring an additional 76 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Stock Up 1.1%

Shares of NYSE IEX opened at $235.55 on Tuesday. The company has a 50 day simple moving average of $230.08 and a 200 day simple moving average of $217.87. 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 has a 1 year low of $159.27 and a 1 year high of $243.80. The firm has a market cap of $17.36 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 2.64 and a beta of 0.97.

IDEX (NYSE:IEX - Get Free Report) last issued 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. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The company had revenue of $920.60 million during the quarter, compared to the consensus estimate of $905.38 million. During the same period last year, the company earned $2.07 earnings per share. The firm's 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. On average, research analysts forecast that IDEX will post 8.83 EPS for the current year.

IDEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 2nd will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $2.92 annualized dividend and a dividend yield of 1.2%. IDEX's dividend payout ratio (DPR) is 42.01%.

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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