IDEX Corporation (NYSE:IEX) Receives $201.71 Average Target Price from Brokerages

Key Points

• IDEX Corporation has received a consensus recommendation of "Moderate Buy" from six research firms, with five analysts giving it a buy rating and one a hold recommendation.
• The average 1-year price target for IDEX shares is $201.71, reflecting recent price adjustments by various firms.
• IDEX has declared a quarterly dividend of $0.71 per share, representing a 1.7% dividend yield and a payout ratio of 45.88%.

Shares of IDEX Corporation (NYSE:IEX - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $201.7143.

Several brokerages recently weighed in on IEX. DA Davidson set a $180.00 target price on IDEX and gave the company a "neutral" rating in a report on Monday, August 4th. Mizuho set a $185.00 target price on IDEX in a report on Friday, May 16th. Oppenheimer dropped their target price on IDEX from $224.00 to $212.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Royal Bank Of Canada dropped their target price on IDEX from $207.00 to $200.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Finally, Stifel Nicolaus dropped their target price on IDEX from $238.00 to $204.00 and set a "buy" rating for the company in a report on Thursday, July 31st.

Institutional Investors Weigh In On IDEX

Several institutional investors and hedge funds have recently bought and sold shares of IEX. Norges Bank purchased a new stake in IDEX in the 2nd quarter worth approximately $156,009,000. Wellington Management Group LLP lifted its holdings in IDEX by 19.7% in the 1st quarter. Wellington Management Group LLP now owns 5,050,601 shares of the industrial products company's stock worth $914,007,000 after buying an additional 831,005 shares during the period. Millennium Management LLC lifted its holdings in IDEX by 1,232.4% in the 1st quarter. Millennium Management LLC now owns 487,274 shares of the industrial products company's stock worth $88,182,000 after buying an additional 450,704 shares during the period. Qube Research & Technologies Ltd lifted its holdings in IDEX by 142.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 652,664 shares of the industrial products company's stock worth $114,588,000 after buying an additional 383,221 shares during the period. Finally, Flossbach Von Storch SE lifted its holdings in IDEX by 132.8% in the 2nd quarter. Flossbach Von Storch SE now owns 640,792 shares of the industrial products company's stock worth $112,504,000 after buying an additional 365,525 shares during the period. Hedge funds and other institutional investors own 97.96% of the company's stock.

IDEX Price Performance

Shares of IDEX stock traded up $1.86 during trading on Monday, hitting $163.18. 195,914 shares of the stock traded hands, compared to its average volume of 675,885. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 1.73 and a beta of 1.02. The firm's fifty day moving average is $172.20 and its 200-day moving average is $177.62. IDEX has a 52 week low of $153.36 and a 52 week high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, beating the consensus estimate of $2.00 by $0.07. The firm had revenue of $865.40 million for the quarter, compared to analyst estimates of $858.59 million. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The company's revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.06 EPS. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. Research analysts expect that IDEX will post 8.26 EPS for the current fiscal year.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a $0.71 dividend. The ex-dividend date was Friday, July 11th. This represents a $2.84 annualized dividend and a yield of 1.7%. IDEX's dividend payout ratio (DPR) is 45.88%.

IDEX Company Profile

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.