IDEX - IEX Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for IDEX in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" IEX shares.
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11 equities research analysts have issued 1 year price targets 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 $238.25 in the next year. This suggests a possible upside of 3.7% from the stock's current price.
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IDEX's stock was trading at $228.33 at the beginning of the year. Since then, IEX shares have increased by 0.7% and is now trading at $229.84.
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IDEX saw a drop in short interest in December. As of December 30th, there was short interest totaling 1,020,000 shares, a drop of 11.3% from the December 15th total of 1,150,000 shares. Based on an average daily trading volume, of 390,800 shares, the short-interest ratio is currently 2.6 days. Currently, 1.4% of the company's shares are short sold.
View IDEX's Short Interest.

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) issued its earnings results on Wednesday, February, 1st. The industrial products company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.03. The industrial products company had revenue of $810.70 million for the quarter, compared to analysts' expectations of $772.75 million. IDEX had a net margin of 18.44% and a trailing twelve-month return on equity of 21.44%. The business's revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 EPS.
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IDEX declared a quarterly dividend on Wednesday, November 9th. Shareholders of record on Friday, January 13th will be paid a dividend of $0.60 per share on Friday, January 27th. This represents a $2.40 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, January 12th.
Read our dividend analysis for IEX.

IDEX (NYSE:IEX) pays an annual dividend of $2.40 per share and currently has a dividend yield of 1.05%. 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 26.82% 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 (EPS) guidance of $8.50-$8.80 for the period, compared to the consensus 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), 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 a number of retail and institutional investors. Top institutional investors include Fenimore Asset Management Inc. (0.99%), Congress Asset Management Co. MA (0.68%), CCLA Investment Management (0.39%), Mountain Pacific Investment Advisers Inc. ID (0.38%), Sumitomo Mitsui Trust Holdings Inc. (0.30%) and Zurcher Kantonalbank Zurich Cantonalbank (0.23%). 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.
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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 $229.84.

IDEX (NYSE:IEX) has a market capitalization of $17.33 billion and generates $3.18 billion in revenue each year. The industrial products company earns $449.40 million in net income (profit) each year or $7.71 on an earnings per share basis.

The company employs 7,536 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.