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NYSE:IEX

IDEX - IEX Stock Forecast, Price & News

$217.41
+1.29 (+0.60%)
(As of 08/16/2022 05:26 PM ET)
Add
Compare
Today's Range
$214.65
$218.66
50-Day Range
$173.06
$216.12
52-Week Range
$172.18
$240.33
Volume
358,067 shs
Average Volume
433,337 shs
Market Capitalization
$16.41 billion
P/E Ratio
32.45
Dividend Yield
1.11%
Price Target
$219.82

IDEX MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
1.1% Upside
$219.82 Price Target
Short Interest
Healthy
1.46% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.80
Upright™ Environmental Score
News Sentiment
0.27mentions of IDEX in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.05%
From $7.94 to $8.42 Per Share

Overall MarketRank

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

2.29 out of 5 stars

Industrial Products Sector

77th out of 189 stocks

Pumps & Pumping Equipment Industry

4th out of 7 stocks

IEX stock logo

About IDEX (NYSE:IEX) Stock

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.

Analysts Set New Price Targets

IEX has been the topic of a number of recent research reports. Loop Capital decreased their target price on IDEX from $220.00 to $200.00 and set a "hold" rating on the stock in a report on Tuesday, July 19th. Stifel Nicolaus cut IDEX from a "buy" rating to a "hold" rating and reduced their price objective for the company from $229.00 to $188.00 in a research report on Monday, July 18th. Morgan Stanley reduced their price objective on IDEX from $250.00 to $225.00 and set an "overweight" rating for the company in a research report on Thursday, June 9th. DA Davidson reaffirmed a "neutral" rating on shares of IDEX in a research report on Thursday, April 28th. Finally, Oppenheimer raised IDEX from a "market perform" rating to an "outperform" rating and set a $215.00 price objective for the company in a research report on Thursday, July 14th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $219.82.

IDEX Trading Up 0.4 %

Shares of IEX Stock opened at $216.12 on Tuesday. The company has a quick ratio of 2.13, a current ratio of 3.02 and a debt-to-equity ratio of 0.43. IDEX has a 12-month low of $172.18 and a 12-month high of $240.33. The firm has a 50 day moving average price of $191.53 and a two-hundred day moving average price of $192.19. The company has a market capitalization of $16.31 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05.

IDEX (NYSE:IEX - Get Rating) last announced its quarterly earnings data on Tuesday, July 26th. The industrial products company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.13. IDEX had a net margin of 17.24% and a return on equity of 19.50%. During the same period in the previous year, the business earned $1.61 EPS. As a group, analysts predict that IDEX will post 7.94 earnings per share for the current year.

IDEX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 15th were issued a $0.60 dividend. The ex-dividend date was Thursday, July 14th. This represents a $2.40 annualized dividend and a yield of 1.11%. IDEX's payout ratio is 35.82%.

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IEX Stock News Headlines

IDEX (NYSE:IEX) PT Raised to $205.00
IDEX (NYSE:IEX) PT Raised to $205.00 at Mizuho
7 Analysts Have This to Say About IDEX
IDEX (NYSE:IEX) Issues Q3 2022 Earnings Guidance
Idex: Q2 Earnings Snapshot - Greenwich Time
See More Headlines
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IEX Company Calendar

Ex-Dividend for 5/27 Dividend
5/16/2022
Dividend Payable
5/27/2022
Ex-Dividend for 7/29 Dividend
7/14/2022
Last Earnings
7/26/2022
Dividend Payable
7/29/2022
Today
8/16/2022
Next Earnings (Estimated)
10/25/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Pumps & pumping equipment
Sub-Industry
Industrial Machinery
CUSIP
45167R10
Employees
7,536
Year Founded
1987

Price Target and Rating

Average Stock Price Forecast
$219.82
High Stock Price Forecast
$254.00
Low Stock Price Forecast
$188.00
Forecasted Upside/Downside
+1.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$449.40 million
Pretax Margin
22.25%

Debt

Sales & Book Value

Annual Sales
$2.76 billion
Cash Flow
$7.79 per share
Book Value
$36.87 per share

Miscellaneous

Free Float
75,099,000
Market Cap
$16.41 billion
Optionable
Optionable
Beta
1.05

Social Links


Key Executives

  • Mr. Eric D. Ashleman (Age 55)
    CEO, Pres & Director
    Comp: $2.55M
  • Mr. William K. Grogan (Age 43)
    CFO & Sr. VP
    Comp: $1.33M
  • Ms. Melissa S. Flores (Age 39)
    Sr. VP & Chief HR Officer
    Comp: $781.79k
  • Ms. Allison S. Lausas (Age 42)
    VP & Chief Accounting Officer
  • Ms. Abigail Roche
    VP, Chief Compliance Officer & Associate Gen. Counsel
  • Ms. Lisa M. Anderson
    Sr. VP, Gen. Counsel & Corp. Sec.
  • Mark Spencer
    VP of Global Communications
  • 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













IEX Stock - Frequently Asked Questions

Should I buy or sell IDEX stock right now?

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.

What is IDEX's stock price forecast for 2022?

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.

How have IEX shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting IDEX?

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
.

When is IDEX's next earnings date?

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

How were IDEX's earnings last quarter?

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
.

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

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
.

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 1.12%. 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.

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

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 -.

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 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
.

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 $216.12.

How much money does IDEX make?

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.

How many employees does IDEX have?

The company 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 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 8/16/2022 by MarketBeat.com Staff

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