IDEX (NYSE:IEX) Given New $260.00 Price Target at Argus

Key Points

• Argus raised its IDEX price target to $260 from $250 and maintained a “buy” rating, implying approximately 11% upside from the reported share price.
• IDEX exceeded quarterly expectations, reporting EPS of $2.32 versus the $2.11 consensus and revenue of $920.6 million, up 6.4% year over year. The company guided to fiscal 2026 EPS of $8.70–$8.85.
• Analyst sentiment remains favorable, with seven buy ratings and two holds producing a “Moderate Buy” consensus and an average price target of $258.67; shares closed at $234.30 after falling 1.1%.

IDEX (NYSE:IEX - Get Free Report) had its target price increased by equities researchers at Argus from $250.00 to $260.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the industrial products company's stock. Argus' price objective indicates a potential upside of 10.97% from the stock's current price.

Several other brokerages have also commented on IEX. Stifel Nicolaus lifted their price objective on IDEX from $257.00 to $268.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Robert W. Baird set a $257.00 price objective on shares of IDEX in a report on Thursday, April 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. DA Davidson set a $240.00 price target on shares of IDEX in a research report on Thursday. Finally, Oppenheimer reissued an "outperform" rating and set a $265.00 price objective on shares of IDEX in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $258.67.

IDEX Trading Down 1.1%

IEX stock traded down $2.68 on Thursday, reaching $234.30. The company's stock had a trading volume of 94,522 shares, compared to its average volume of 773,056. 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 business has a fifty day simple moving average of $222.77 and a two-hundred day simple moving average of $209.65. The firm has a market cap of $17.27 billion, a PE ratio of 33.71, a PEG ratio of 2.24 and a beta of 0.98. IDEX has a 12-month low of $157.25 and a 12-month high of $243.80.

IDEX (NYSE:IEX - Get Free Report) last announced its 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 firm had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.During the same quarter in the prior year, the company earned $2.07 EPS. The business'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. As a group, research analysts forecast that IDEX will post 8.85 EPS for the current year.

Insider Activity at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of the company's stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $215.22, for a total value of $3,311,159.70. Following the completion of the transaction, the chief executive officer owned 66,658 shares of the company's stock, valued at $14,346,134.76. This represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by insiders.

Institutional Investors Weigh In On IDEX

A number of institutional investors have recently added to or reduced their stakes in IEX. Empowered Funds LLC grew its stake in IDEX by 3.4% during the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company's stock valued at $298,000 after acquiring an additional 54 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of IDEX by 41.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,043 shares of the industrial products company's stock valued at $183,000 after purchasing an additional 304 shares in the last quarter. Cresset Asset Management LLC bought a new stake in shares of IDEX in the second quarter worth about $219,000. Cerity Partners LLC lifted its position in shares of IDEX by 23.9% in the second quarter. Cerity Partners LLC now owns 18,658 shares of the industrial products company's stock worth $3,276,000 after buying an additional 3,604 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in IDEX by 4.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 13,513 shares of the industrial products company's stock valued at $2,373,000 after buying an additional 518 shares in the last quarter. 97.96% of the stock is owned by hedge funds and other 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source