IDEX - IEX Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IDEX in the last twelve months. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IEX shares.
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10 brokerages have issued 12-month price objectives for IDEX's shares. Their IEX share price forecasts range from $200.00 to $268.00. On average, they predict the company's share price to reach $239.91 in the next twelve months. This suggests a possible upside of 9.3% from the stock's current price.
View analysts price targets for IEX or view top-rated stocks among Wall Street analysts.

IDEX's stock was trading at $228.33 at the beginning of 2023. Since then, IEX stock has decreased by 3.9% and is now trading at $219.44.
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IDEX saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 1,150,000 shares, an increase of 17.8% from the February 13th total of 976,100 shares. Based on an average trading volume of 386,700 shares, the short-interest ratio is currently 3.0 days. Currently, 1.5% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our IEX earnings forecast.

IDEX Co. (NYSE:IEX) posted its quarterly earnings data on Wednesday, February, 1st. The industrial products company reported $2.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.03. The industrial products company had revenue of $810.70 million for the quarter, compared to analyst estimates of $772.75 million. IDEX had a trailing twelve-month return on equity of 21.44% and a net margin of 18.44%. IDEX's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the firm earned $1.55 earnings per share.
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IDEX announced a quarterly dividend on Wednesday, November 9th. Investors of record on Friday, January 13th will be given a dividend of $0.60 per share on Friday, January 27th. This represents a $2.40 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, January 12th.
Read our dividend analysis for IEX.

ETFs with the largest weight of IDEX (NYSE:IEX) stock in their portfolio include Ecofin Global Water ESG Fund (EBLU), First Trust Water ETF (FIW), Invesco Water Resources ETF (PHO), Invesco Global Water ETF (PIO), Harbor Dividend Growth Leaders ETF (GDIV), Invesco DWA Industrials Momentum ETF (PRN), Global X U.S. Infrastructure Development ETF (PAVE) and Invesco Focused Discovery Growth ETF (IVDG).

IDEX (NYSE:IEX) pays an annual dividend of $2.40 per share and currently has a dividend yield of 1.08%. 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 31.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IEX will have a dividend payout ratio of 26.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IEX.

IDEX updated its FY 2023 earnings guidance on Tuesday, January, 31st. The company provided earnings per share guidance of $8.50-$8.80 for the period, compared to the consensus earnings per share estimate of $8.63. The company issued revenue guidance of -.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other IDEX investors own include CA (CA), Honeywell International (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).

IDEX trades on the New York Stock Exchange (NYSE) under the ticker symbol "IEX."

IDEX's stock is owned by many different institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (4.34%), Alliancebernstein L.P. (3.63%), Morgan Stanley (2.85%), T. Rowe Price Investment Management Inc. (2.68%), Impax Asset Management Group plc (2.49%) and Brown Advisory Inc. (2.44%). 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.

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.
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One share of IEX stock can currently be purchased for approximately $219.44.

IDEX (NYSE:IEX) has a market capitalization of $16.57 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 $7.71 on an earnings per share basis.

The company employs 8,868 workers across the globe.

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.