NYSE:IEX

IDEX Stock Forecast, Price & News

$183.66

+2.03 (+1.12%)

(As of 07/1/2022 12:00 AM ET)

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Today's Range: $181.15
▼
$184.44
50-Day Range: $173.06
▼
$197.49
52-Week Range: $172.18
▼
$240.33

Volume: 387,659 shs
Average Volume: 443,834 shs
Market Capitalization: $13.96 billion

P/E Ratio: 29.48
Dividend Yield: 1.32%
Price Target: $226.30

IDEX Stock Forecast (MarketRank)

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 23.2% Upside
$226.30 Price Target
Short Interest: Healthy
1.26% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -1.80
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: 8.97%
From $7.69 to $8.38 Per Share

Overall MarketRank^™

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.15 out of 5 stars

Industrial Products Sector

77th out of 255 stocks

Pumps & Pumping Equipment Industry

6th out of 8 stocks

2.3 Analyst's Opinion

Consensus Rating
IDEX has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $226.30, IDEX has a forecasted upside of 23.2% from its current price of $183.66.
Amount of Analyst Coverage
IDEX has only been the subject of 3 research reports in the past 90 days.

3.0 Short Interest

Percentage of Shares Shorted
1.26% of the float of IDEX has been sold short.
Short Interest Ratio / Days to Cover
IDEX has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in IDEX has recently increased by 7.75%, indicating that investor sentiment is decreasing significantly.

2.5 Dividend Strength

Dividend Yield
IDEX pays a meaningful dividend of 1.32%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
IDEX has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of IDEX is 38.52%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, IDEX will have a dividend payout ratio of 28.64% next year. This indicates that IDEX will be able to sustain or increase its dividend.

2.7 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
IDEX has received a 43.19% net impact score from Upright. Idex seems to create the most significant positive value in categories "Taxes", "Physical diseases", and "Societal infrastructure". The positive contribution in the "Physical diseases" impact category is mostly driven by its "Firefighting nozzles", "Firefighting hoses", and "Portable fire pumps" products. See details.
Environmental Sustainability
The Environmental Impact score for IDEX is -1.80.

1.4 News and Social Media Coverage

News Sentiment
IDEX has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 1 news article for IDEX this week, compared to 7 articles on an average week.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, IDEX insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.50% of the stock of IDEX is held by insiders.
Percentage Held by Institutions
96.95% of the stock of IDEX is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for IDEX are expected to grow by 8.97% in the coming year, from $7.69 to $8.38 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of IDEX is 29.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 47.15.
Price to Earnings Ratio vs. Sector
The P/E ratio of IDEX is 29.48, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 201.03.
Price to Earnings Growth Ratio
IDEX has a PEG Ratio of 2.01. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
IDEX has a P/B Ratio of 4.98. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About IDEX (NYSE:IEX)

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, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries. The HST segment designs, produces, and distributes precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction and drying systems, pneumatic components and sealing solutions, high performance molded and extruded sealing components, custom mechanical and shaft seals, engineered hygienic mixers and valves, biocompatible medical devices and implantables, air compressors and blowers, optical components and coatings, laboratory and commercial equipment, precision photonic solutions, and precision gear and peristaltic pump technologies. This segment serves food and beverage, pharmaceutical and biopharmaceutical, cosmetics, marine, chemical, wastewater and water treatment, life sciences, research, and defense markets. The FSDP segment designs, produces, and distributes firefighting pumps, valves and controls, rescue tools, lifting bags, and other components and systems for the fire and rescue industry; engineered stainless steel banding and clamping devices for various industrial and commercial applications; and precision equipment for dispensing, metering, and mixing colorants and paints used in retail and commercial businesses. IDEX Corporation was incorporated in 1987 and is headquartered in Northbrook, Illinois.

June 30, 2022 | finance.yahoo.com

IDEX Corporation to Webcast Second Quarter 2022 Earnings Call

June 24, 2022 | nasdaq.com

IDEX (IEX) to Benefit From End-Market Strength & Buyouts - Nasdaq

June 23, 2022 | finance.yahoo.com

IDEX (IEX) to Benefit From End-Market Strength & Buyouts

June 21, 2022 | streetinsider.com

InvestorNewsBreaks – Ideanomics Inc. (NASDAQ: IDEX) to Host Call to Update Investors on VIA Motors Merger - StreetInsider.com

June 21, 2022 | nasdaq.com

RBC Bearings (ROLL) Up 10.1% in a Month: What's Driving it? - Nasdaq

June 21, 2022 | nasdaq.com

MOVES-KKR hires former IDEX CEO as part of U.S. dealmaking push - Nasdaq

June 21, 2022 | reuters.com

KKR hires former IDEX CEO as part of U.S. dealmaking push - Reuters

June 20, 2022 | globenewswire.com

Comprehensive Biometric Smart Card Solution enabled by IDEX Biometrics and Linxens - GlobeNewswire

June 17, 2022 | americanbankingnews.com

Brokerages Set IDEX Co. (NYSE:IEX) PT at $227.00

June 16, 2022 | businesswire.com

IDEX Corporation Appoints Alejandro Quiroz Centeno to Board of Directors - Business Wire

June 16, 2022 | finance.yahoo.com

IDEX Corporation Appoints Alejandro Quiroz Centeno to Board of Directors

June 16, 2022 | americanbankingnews.com

IDEX Co. Declares Quarterly Dividend of $0.60 (NYSE:IEX)

June 14, 2022 | businesswire.com

Outlook on the Pharmaceutical Processing Seals Global Market to 2030 - Featuring Trelleborg, Freudenberg and IDEX Among Others - ResearchAndMarkets.com - Business Wire

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Pumps & pumping equipment
Sub-Industry: Industrial Machinery
Sector: Industrial Products
Current Symbol: NYSE:IEX
CUSIP: 45167R10
CIK: 832101
Web: www.idexcorp.com
Phone: (847) 498-7070
Fax: 847-498-3940
Employees: 7,536
Year Founded: 1987

Company Calendar

Last Earnings: 4/26/2022
Ex-Dividend for 5/27 Dividend: 5/16/2022
Dividend Payable: 5/27/2022
Today: 7/02/2022
Ex-Dividend for 7/29 Dividend: 7/14/2022
Next Earnings (Confirmed): 7/26/2022
Dividend Payable: 7/29/2022
Fiscal Year End: 12/31/2022

Price Target and Rating

Average Stock Price Forecast: $226.30
High Stock Price Forecast: $254.00
Low Stock Price Forecast: $205.00
Forecasted Upside/Downside: +23.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.6
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.23
Trailing P/E Ratio: 29.48
Forward P/E Ratio: 23.88
P/E Growth: 2.01
Net Income: $449.40 million
Net Margins: 16.65%
Pretax Margin: 21.46%
Return on Equity: 18.61%
Return on Assets: 10.57%

Debt

Debt-to-Equity Ratio: 0.41
Current Ratio: 3.59
Quick Ratio: 2.68

Sales & Book Value

Annual Sales: $2.76 billion
Price / Sales: 5.05
Cash Flow: $7.63 per share
Price / Cash Flow: 24.06
Book Value: $36.87 per share
Price / Book: 4.98

Miscellaneous

Outstanding Shares: 76,006,000
Free Float: 75,626,000
Market Cap: $13.96 billion
Optionable: Optionable
Beta: 1.04

Social Links

IDEX Frequently Asked Questions

Should I buy or sell IDEX stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for IDEX in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" IDEX stock.
View analyst ratings for IDEX or view top-rated stocks.
What is IDEX's stock price forecast for 2022?: 10 Wall Street analysts have issued 12 month price objectives for IDEX's shares. Their IEX stock forecasts range from $205.00 to $254.00. On average, they predict IDEX's share price to reach $226.30 in the next year. This suggests a possible upside of 23.2% from the stock's current price.
View analysts' price targets for IDEX or view top-rated stocks among Wall Street analysts.
How has IDEX's stock price performed in 2022?: IDEX's stock was trading at $236.32 on January 1st, 2022. Since then, IEX stock has decreased by 22.3% and is now trading at $183.66.
View the best growth stocks for 2022 here.
When is IDEX's next earnings date?: IDEX is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
View our earnings forecast for IDEX.
How can I listen to IDEX's earnings call?: IDEX will be holding an earnings conference call on Wednesday, July 27th at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13724804".
How were IDEX's earnings last quarter?: IDEX Co. (NYSE:IEX) posted its quarterly earnings data on Tuesday, April, 26th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.22. The industrial products company had revenue of $751.10 million for the quarter, compared to the consensus estimate of $721.21 million. IDEX had a net margin of 16.65% and a trailing twelve-month return on equity of 18.61%. During the same quarter in the previous year, the business earned $1.51 earnings per share.
View IDEX's earnings history.
How often does IDEX pay dividends? What is the dividend yield for IDEX?: IDEX announced a quarterly dividend on Wednesday, June 15th. Investors of record on Friday, July 15th will be paid a dividend of $0.60 per share on Friday, July 29th. This represents a $2.40 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, July 14th.
View IDEX's dividend history.
Is IDEX a good dividend stock?: IDEX(NYSE:IEX) pays an annual dividend of $2.40 per share and currently has a dividend yield of 1.32%. IDEX has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of IDEX is 38.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IDEX will have a dividend payout ratio of 28.64% next year. This indicates that IDEX will be able to sustain or increase its dividend.
View IDEX's dividend history.
What guidance has IDEX issued on next quarter's earnings?: IDEX issued an update on its FY22 earnings guidance on Tuesday, April, 26th. The company provided earnings per share (EPS) guidance of $7.50-7.63 for the period, compared to the consensus EPS estimate of $7.51. The company issued revenue guidance of $2.93-2.99 billion, compared to the consensus revenue estimate of $2.99 billion.
Who are IDEX's key executives?: IDEX's management team includes the following people:
Mr. Eric D. Ashleman, CEO, Pres & Director (Age 55, Pay $2.55M)
Mr. William K. Grogan, CFO & Sr. VP (Age 43, Pay $1.33M)
Ms. Melissa S. Flores, Sr. VP & Chief HR Officer (Age 39, Pay $781.79k)
Ms. Allison S. Lausas, VP & Chief Accounting Officer (Age 42)
Ms. Abigail Roche, VP, Chief Compliance Officer & Associate Gen. Counsel
Ms. Lisa M. Anderson, Sr. VP, Gen. Counsel & Corp. Sec.
Ms. Roopa Unnikrishnan, Sr. VP of Strategy & Corp. Devel.
Mr. Uwe Kirchner, Group Exec. of Fire, Safety & Diversified
Mr. Rajesh Prasad, Group Exec. of Emerging Markets
Mr. Marc Uleman, Group Exec. of Health & Science Technologies

What is Eric D. Ashleman's approval rating as IDEX's CEO?: 8 employees have rated IDEX CEO Eric D. Ashleman on Glassdoor.com. Eric D. Ashleman has an approval rating of -100% among IDEX's employees. This puts Eric D. Ashleman in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
Who are some of IDEX's key competitors?: Some companies that are related to IDEX include Illinois Tool Works (ITW), Parker-Hannifin (PH), Dover (DOV), Ingersoll Rand (IR), Stanley Black & Decker (SWK), Xylem (XYL), Nordson (NDSN), Snap-on (SNA), Graco (GGG), Pentair (PNR), Lincoln Electric (LECO), Middleby (MIDD), Donaldson (DCI), Woodward (WWD) and Chart Industries (GTLS).
View all of IEX's competitors.
What other stocks do shareholders of IDEX own?: Based on aggregate information from My MarketBeat watchlists, some companies that other IDEX investors own include CA (CA), (HON), BlackRock (BLK), CVS Health (CVS), AT&T (T), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Procter & Gamble (PG), Alibaba Group (BABA) and Bristol-Myers Squibb (BMY).
What is IDEX's stock symbol?: IDEX trades on the New York Stock Exchange (NYSE) under the ticker symbol "IEX."
How do I buy shares of IDEX?: Shares of IEX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is IDEX's stock price today?: One share of IEX stock can currently be purchased for approximately $183.66.
How much money does IDEX make?: IDEX (NYSE:IEX) has a market capitalization of $13.96 billion and generates $2.76 billion in revenue each year. The industrial products company earns $449.40 million in net income (profit) each year or $6.23 on an earnings per share basis.
How many employees does IDEX have?: IDEX employs 7,536 workers across the globe.
Does IDEX have any subsidiaries?: The following companies are subsidiares of IDEX: ABEL 1 LLC, ADS Corp., ADS Environmental Services Pty Limited, ADS Environmental Technologies Inc., ADS LLC, AEGIS Flow Technologies, AEGIS Flow Technologies L.L.C., AIRTECH Europe GmbH, AWG, AWG Fittings GmbH, Abel Equipos S.A., Abel GmbH, Abel Pumps, Abel Pumps LP, Advanced Flow Solutions Inc., Advanced Thin Films, Advanced Thin Films Inc., AirTech Group Inc, AirTech Holdings LLC, AirTech-Pump Holdings Corp., AirTech-Valve Holdings Corp., Airtech Europe Spain S.L., Airtech Group, Akron Brass, Akron Brass Company, Alfa Valvole, Alfa Valvole S.r.l., Band-It Company Limited, Band-It-IDEX Inc., Banjo Corporation, Banjo Europe S.r.l., BarbIDEX International SRL, CIDRA Precision Services, CVI Laser LLC, CVI Laser Limited, CVI Melles Griot, ERC, Eastern Plastics, FAST & Fluid Management S.r.l., FTL Seals Technology Limited, Fast & Fluid Management B.V., Fast and Fluid Management Australia Pty. Ltd., Flow Management Devices, Flow Management Devices LLC, Fluid Management Canada Inc., Fluid Management Inc., Fluid Management Operations Inc., Gast Group Ltd, Gast Manufacturing Inc., Godiva Limited, Godiva Products Limited, Hale Products Europe Limited, Hale Products Inc., Harden Autotech (Shenzen) Co. Ltd, Hurst Jaws of Life Inc., IDEX Asia Pacific Pte. Ltd., IDEX Dinglee Technology (Tianjin) Co. Ltd., IDEX Europe GmbH, IDEX Health & Science KK, IDEX Health & Science LLC, IDEX Holdings GmbH, IDEX Holdings Inc., IDEX India Private Limited, IDEX Italy S.r.l., IDEX Japan GK, IDEX Korea Ltd, IDEX Leasing GmbH, IDEX MPT Inc., IDEX Mexico S.A. de C.V., IDEX Middle East FZE, IDEX Optical Technologies B.V., IDEX Pump Technologies (Ireland) Limited, IDEX SAS, IDEX Service Corp., IDEX Sourcing Corporation, IDEX Technology (Suzhou) Co. Ltd., IDEX Trading (Shanghai) Co. Ltd, IDEX UK Investment Ltd, IDEX UK Ltd., IDEX do Brasil Servicos e Vendas Ltda., IETG, Isolation Technologies, KNIGHT LLC, KVT-Koenig Holding Limited, Knight (Canada) Limited, Knight Inc., Knight UK Ltd, LUKAS Hydraulik GmbH, Liquid Controls, Liquid Controls Holdings LLC, Matcon, Matcon (R&D) Limited, Matcon Group Limited, Matcon Limited, Melles Griot GmbH, Microfluidics, Microfluidics International Corporation, Micropump Inc., Nova Technologies, Nova Technologies Corporation, Novotema, Novotema S.p.A, OBL, PP AWG GmbH, PPE International LLC, PPE LLC, Precision Photonics, Precision Polymer Engineering Limited, Pulsafeeder Inc., Quadro Engineering Corp., Richter Chemie-Technik, Richter Chemie-Technik GmbH, Richter EP (Nanjing) Co. Ltd., Richter Pumps & Valves Inc., Roplan Ltd, Roplan Machinery (Ningbo) Co. Ltd., Roplan Sales (Ningbo) Co. Ltd., Roplan Sales AB, Roplan Sales Inc., S.A.M.P.I. S.p.A., SFC KOENIG, SFC KOENIG Flow Control (Suzhou) Co. Limited, SFC Koenig AG, SFC Koenig Beteilgungs GmbH, SFC Koenig GmbH, SFC Koenig LLC, Scivex, Seals Limited, Semrock, Steridose Sales AB, The Fitzpatrick Company, The Harden Corporation, Toptech Systems, Toptech Systems Inc., Toptech Systems NV, Trebor International Inc., US Valve Corporation, Velcora, Velcora Holding AB, Vetter GmbH, Viking Pump Inc., Viking Pump of Canada Inc., Warren Rupp Inc., Wright Flow Technologies Limited, XAM Swiss Holding I GmbH, iPEK, iPEK International GmbH, iPEK Spezial TV GmbH, thinXXS Microtechnology, and thinXXS Microtechnology AG.
Read More
When was IDEX founded?: IDEX was founded in 1987.
How can I contact IDEX?: IDEX's mailing address is 1925 WEST FIELD COURT SUITE 200, LAKE FOREST IL, 60045. The official website for IDEX is www.idexcorp.com. The industrial products company can be reached via phone at (847) 498-7070, via email at [email protected], or via fax at 847-498-3940.

This page (NYSE:IEX) was last updated on 7/2/2022 by MarketBeat.com Staff

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IDEX Stock Forecast, Price & News

IDEX Stock Forecast (MarketRank)

Overall MarketRank™

2.3 Analyst's Opinion

3.0 Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

2.5 Dividend Strength

2.7 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

1.4 News and Social Media Coverage

News Sentiment

News Coverage This Week

1.7 Company Ownership

2.5 Earnings and Valuation

Receive IEX Stock News and Ratings via Email

About IDEX (NYSE:IEX)

IEX Stock News Headlines

Industry, Sector and Symbol

Company Calendar

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

IDEX Frequently Asked Questions

Should I buy or sell IDEX stock right now?

What is IDEX's stock price forecast for 2022?

How has IDEX's stock price performed in 2022?

When is IDEX's next earnings date?

How can I listen to IDEX's earnings call?

How were IDEX's earnings last quarter?

How often does IDEX pay dividends? What is the dividend yield for IDEX?

Is IDEX a good dividend stock?

What guidance has IDEX issued on next quarter's earnings?

Who are IDEX's key executives?

What is Eric D. Ashleman's approval rating as IDEX's CEO?

Who are some of IDEX's key competitors?

What other stocks do shareholders of IDEX own?

What is IDEX's stock symbol?

How do I buy shares of IDEX?

What is IDEX's stock price today?

How much money does IDEX make?

How many employees does IDEX have?

Does IDEX have any subsidiaries?

When was IDEX founded?

How can I contact IDEX?

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Overall MarketRank^™