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S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
Is This The End Of Your Retirement? (Ad)
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
Is This The End Of Your Retirement? (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
NOTICE: Your retirement is in immediate danger (Ad)
Teen workers are in high demand for summer and commanding better pay
Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
Is This The End Of Your Retirement? (Ad)
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
Is This The End Of Your Retirement? (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
NOTICE: Your retirement is in immediate danger (Ad)
Teen workers are in high demand for summer and commanding better pay
Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
Is This The End Of Your Retirement? (Ad)
As Elizabeth Holmes heads to prison for fraud, many puzzle over her motives
New bill to build Athletics stadium on Las Vegas Strip caps Nevada's cost at $380 million
Is This The End Of Your Retirement? (Ad)
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
Baby eels remain one of America's most valuable fish after strong year in Maine
NOTICE: Your retirement is in immediate danger (Ad)
Teen workers are in high demand for summer and commanding better pay
Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default
NYSE:IEX

IDEX (IEX) Stock Forecast, Price & News

$203.48
+1.69 (+0.84%)
(As of 05/26/2023 ET)
Compare
Today's Range
$201.75
$204.34
50-Day Range
$200.16
$231.03
52-Week Range
$172.18
$246.23
Volume
336,543 shs
Average Volume
456,810 shs
Market Capitalization
$15.38 billion
P/E Ratio
26.36
Dividend Yield
1.18%
Price Target
$236.17

IDEX MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
16.1% Upside
$236.17 Price Target
Short Interest
Healthy
1.21% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.80
Upright™ Environmental Score
News Sentiment
0.79mentions of IDEX in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.76%
From $8.51 to $9.00 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.37 out of 5 stars

Industrial Products Sector

71st out of 180 stocks

Pumps & Pumping Equipment Industry

2nd out of 7 stocks


IEX stock logo

About IDEX (NYSE:IEX) Stock

Ideanomics, Inc. is a global company focused on driving the adoption of electric vehicles (EVs) and developing sustainable energy solutions. Founded in 2004 and headquartered in New York City, Ideanomics operates through multiple business divisions to provide comprehensive solutions for the EV ecosystem. The company's mission is to accelerate the global transition to clean energy and drive the transformation of the transportation industry.

Ideanomics offers a range of products and services to support the EV market. Its Mobile Energy Global (MEG) division provides sales, financing, and charging solutions for commercial fleet operators transitioning to EVs. Through its Ideanomics Capital division, the company offers financial services and investments in EV-related businesses, including electric vehicle charging infrastructure, battery technology, and intelligent transportation systems.

The company's target market primarily includes fleet operators, energy companies, and municipalities looking to transition to electric transportation. Ideanomics has established key partnerships and collaborations with leading EV manufacturers, charging infrastructure providers, and technology innovators to support its mission. Its solutions help businesses and organizations reduce carbon emissions, increase operational efficiency, and capitalize on the growing demand for electric mobility.

Ideanomics is led by an experienced and visionary management team committed to driving sustainable innovation. The company's Chief Executive Officer is Alf Poor, a seasoned executive with a strong background in technology and finance. Under his leadership, Ideanomics has forged strategic partnerships and positioned the company as a prominent player in the EV industry.

Ideanomics has demonstrated moderate financial growth in recent years, reflecting the increasing demand for EVs and sustainable energy solutions. Its revenue growth has been driven by solid performance in its MEG division, which has secured multiple contracts with fleet operators.

Ideanomics has yet to reach profitability. However, the company has also made substantial progress in improving its profitability. Ideanomics has reported an increasingly positive net income for the past several years. This positive trend reflects the company's focus on operational efficiency and scaling its core businesses.

Ideanomics has attracted investor attention due to its growth prospects and industry leadership. The company's price-to-earnings and price-to-sales ratios align with industry peers, indicating a fair valuation relative to its earnings. 

Ideanomics' stock performance has experienced significant volatility recently, reflecting broader market sentiment and investor expectations regarding the EV industry. 

Ideanomics operates in the rapidly evolving EV industry, experiencing significant growth and transformation. The EV industry is driven by increasing environmental concerns, government regulations promoting clean energy, and technological advancements. The global push to reduce carbon emissions and dependence on fossil fuels has created a favorable market environment for Ideanomics.

The EV market is highly competitive, with numerous players vying for market share. However, Ideanomics differentiates itself by providing end-to-end solutions for the EV ecosystem, including financing, charging infrastructure, and intelligent transportation systems. This comprehensive approach positions Ideanomics as a trusted partner for businesses and organizations looking to transition to electric transportation.

One advantage Ideanomics possesses is its global reach. The company has established a presence in key markets such as China, North America, and Europe, enabling it to capitalize on the growing global demand for EVs. Furthermore, Ideanomics' strategic partnerships with leading EV manufacturers and technology providers strengthen its competitive positioning and enhance its ability to deliver innovative solutions.

Ideanomics has several growth opportunities on the horizon. One primary avenue for expansion is the continued electrification of commercial fleets. As companies seek to reduce their carbon footprint and operational costs, there is a growing demand for EV fleet solutions. Ideanomics' MEG division is well-positioned to capture this market by offering comprehensive fleet electrification solutions, including vehicle sales, financing, and charging infrastructure.

The company also sees potential growth through strategic acquisitions. Ideanomics can expand its product offerings and strengthen its competitive advantage by identifying promising EV-related businesses and technologies. Recent acquisitions, such as Wireless Advanced Vehicle Electrification (WAVE), a leading provider of wireless charging systems, demonstrate the company's commitment to enhancing its capabilities and addressing evolving customer needs.

While Ideanomics has promising growth prospects, it also faces risks and challenges. One key challenge is the dynamic regulatory environment. Changes in government policies, subsidies, and incentives for EVs can impact the adoption rate and market demand. Ideanomics must stay agile and adapt its strategies to navigate regulatory complexities across different markets.

The EV industry is also susceptible to supply chain disruptions and fluctuations in raw material prices. Any disruptions in the supply of batteries or other critical components could hinder production and impact Ideanomics' ability to meet customer demands.

Moreover, the EV market is highly competitive, with rapidly evolving technology and customer preferences. Ideanomics must continue to innovate and stay ahead of competitors to maintain its market position. Failure to anticipate and respond to industry trends and customer needs could result in a loss of market share.

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IEX Stock News Headlines

Idex (IEX) Declares $0.64 Dividend
[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
IDEX (NYSE:IEX) Stock Rating Upgraded by StockNews.com
IDEX Co. (NYSE:IEX) Short Interest Update
IDEX (NYSE:IEX) Lowered to "Hold" at StockNews.com
See More Headlines
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IEX Company Calendar

Last Earnings
4/26/2023
Today
5/27/2023
Ex-Dividend for 6/23 Dividend
6/08/2023
Dividend Payable
6/23/2023
Next Earnings (Estimated)
7/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Pumps & pumping equipment
Sub-Industry
Industrial Machinery
CUSIP
45167R10
Employees
8,868
Year Founded
1987

Price Target and Rating

Average Stock Price Forecast
$236.17
High Stock Price Forecast
$268.00
Low Stock Price Forecast
$200.00
Forecasted Upside/Downside
+16.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$586.90 million
Pretax Margin
22.86%

Debt

Sales & Book Value

Annual Sales
$3.18 billion
Cash Flow
$9.89 per share
Book Value
$42.73 per share

Miscellaneous

Free Float
75,198,000
Market Cap
$15.38 billion
Optionable
Optionable
Beta
1.00

Social Links


Key Executives

  • Eric D. Ashleman
    President, Chief Executive Officer & Director
  • William K. Grogan
    Chief Financial Officer & Senior Vice President
  • Abigail Roche
    Chief Compliance Officer & Vice President
  • Melissa S. Flores
    Chief Human Resources Officer & Senior VP
  • Marc Uleman
    Senior Vice President













IEX Stock - Frequently Asked Questions

Should I buy or sell IDEX stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for IDEX in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" IEX shares.
View IEX analyst ratings
or view top-rated stocks.

What is IDEX's stock price forecast for 2023?

9 Wall Street research analysts have issued 1-year target prices for IDEX's shares. Their IEX share price forecasts range from $200.00 to $268.00. On average, they anticipate the company's stock price to reach $236.17 in the next twelve months. This suggests a possible upside of 16.1% from the stock's current price.
View analysts price targets for IEX
or view top-rated stocks among Wall Street analysts.

How have IEX shares performed in 2023?

IDEX's stock was trading at $228.33 at the start of the year. Since then, IEX shares have decreased by 10.9% and is now trading at $203.48.
View the best growth stocks for 2023 here
.

Are investors shorting IDEX?

IDEX saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 919,600 shares, a drop of 7.6% from the April 15th total of 995,100 shares. Based on an average daily volume of 388,600 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.2% of the company's stock are sold short.
View IDEX's Short Interest
.

When is IDEX's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our IEX earnings forecast
.

How were IDEX's earnings last quarter?

IDEX Co. (NYSE:IEX) posted its quarterly earnings data on Wednesday, April, 26th. The industrial products company reported $2.09 EPS for the quarter, beating the consensus estimate of $2.02 by $0.07. The industrial products company had revenue of $845.40 million for the quarter, compared to the consensus estimate of $818.87 million. IDEX had a net margin of 17.91% and a trailing twelve-month return on equity of 21.14%. The firm's revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.96 earnings per share.
Read the conference call transcript
.

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

IDEX declared a quarterly dividend on Thursday, May 25th. Investors of record on Friday, June 9th will be given a dividend of $0.64 per share on Friday, June 23rd. This represents a $2.56 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, June 8th. This is a boost from the stock's previous quarterly dividend of $0.60.
Read our dividend analysis for IEX
.

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 1.19%. The company 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 is 31.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IEX will have a dividend payout ratio of 26.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IEX.

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

IDEX updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $2.10-$2.13 for the period, compared to the consensus earnings per share estimate of $2.22. The company issued revenue guidance of -.

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

8 employees have rated IDEX Chief Executive Officer Eric D. Ashleman on Glassdoor.com. Eric D. Ashleman has an approval rating of -100% among the company's employees. This puts Eric D. Ashleman in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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), 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."

Who are IDEX's major shareholders?

IDEX's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.06%), Price T Rowe Associates Inc. MD (5.83%), State Street Corp (3.88%), Wellington Management Group LLP (3.24%), Impax Asset Management Group plc (2.63%) and Brown Advisory Inc. (2.38%). Insiders that own company stock include Andrew K Silvernail, Daniel J Salliotte, Denise R Cade, Eric D Ashleman, Ernest J Mrozek, Jeffrey D Bucklew, Livingston Satterthwaite, Michael J Yates, William K Grogan and William M Cook.
View institutional ownership trends
.

How do I buy shares of IDEX?

Shares of IEX stock 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 $203.48.

How much money does IDEX make?

IDEX (NYSE:IEX) has a market capitalization of $15.38 billion and generates $3.18 billion in revenue each year. The industrial products company earns $586.90 million in net income (profit) each year or $7.72 on an earnings per share basis.

How many employees does IDEX have?

The company employs 8,868 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
How can I contact IDEX?

IDEX's mailing address is 1925 WEST FIELD COURT SUITE 200, LAKE FOREST IL, 60045. The official website for the company is www.idexcorp.com. The industrial products company can be reached via phone at (847) 498-7070, via email at hmitts@idexcorp.com, or via fax at 847-498-3940.

This page (NYSE:IEX) was last updated on 5/27/2023 by MarketBeat.com Staff

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