IDEX - IEX Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for IDEX in the last twelve months. There are currently 5 hold ratings and 6 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.

11 Wall Street analysts have issued 12-month price targets for IDEX's shares. Their IEX share price forecasts range from $188.00 to $254.00. On average, they anticipate the company's share price to reach $219.82 in the next twelve months. This suggests a possible upside of 1.7% 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 $236.32 at the beginning of 2022. Since then, IEX stock has decreased by 8.5% and is now trading at $216.12.
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IDEX saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 1,140,000 shares, an increase of 16.5% from the June 30th total of 978,500 shares. Based on an average daily volume of 413,400 shares, the days-to-cover ratio is currently 2.8 days. Approximately 1.5% of the company's shares are sold short.
View IDEX's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 25th 2022.
View our IEX earnings forecast.

IDEX Co. (NYSE:IEX) released its quarterly earnings results on Tuesday, July, 26th. The industrial products company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.13. IDEX had a net margin of 17.24% and a trailing twelve-month return on equity of 19.50%. During the same period last year, the business posted $1.61 earnings per share.
Read the conference call transcript.

IDEX announced a quarterly dividend on Wednesday, June 15th. Stockholders 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 1.11%. The ex-dividend date of this dividend is Thursday, July 14th.
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 1.12%. 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 35.82%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IEX will have a dividend payout ratio of 28.50% 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 third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $1.98-$2.03 for the period, compared to the consensus earnings per share estimate of $1.91. 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 institutional and retail investors. Top institutional investors include State Street Corp (3.95%), Brown Advisory Inc. (3.09%), Pictet Asset Management SA (1.87%), Massachusetts Financial Services Co. MA (1.82%), Champlain Investment Partners LLC (1.72%) and Nordea Investment Management AB (1.70%). Insiders that own company stock include Andrew K Silvernail, Daniel J Salliotte, Denise R Cade, Eric D Ashleman, Ernest J Mrozek, Jeffrey D Bucklew, Michael J Yates 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 $216.12.

IDEX (NYSE:IEX) has a market capitalization of $16.31 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 $6.70 on an earnings per share basis.

The company employs 7,536 workers across the globe.

IDEX was founded in 1987.

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.