IDEX (NYSE:IEX) Given New $275.00 Price Target at TD Cowen

IDEX (NYSE:IEX) had its price target lifted by TD Cowen from $260.00 to $275.00 in a research note released on Thursday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

IEX has been the topic of several other research reports. Oppenheimer reiterated an “outperform” rating and issued a $265.00 target price on shares of IDEX in a report on Thursday. Citigroup upped their price target on shares of IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a report on Thursday. Seaport Research Partners reiterated a “buy” rating and issued a $250.00 price objective on shares of IDEX in a research note on Tuesday, May 5th. Weiss Ratings raised IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Finally, Stifel Nicolaus increased their target price on IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a research note on Thursday. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $251.44.

IDEX Stock Up 1.9%

Shares of IEX stock opened at $233.79 on Thursday. The stock’s 50 day simple moving average is $220.83 and its 200 day simple moving average is $208.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.05. IDEX has a twelve month low of $157.25 and a twelve month high of $243.80. The company has a market capitalization of $17.30 billion, a price-to-earnings ratio of 33.64, a PEG ratio of 2.18 and a beta of 0.98.

IDEX (NYSE:IEX) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The firm had revenue of $920.60 million during the quarter, compared to analysts’ expectations of $905.38 million. During the same quarter in the prior year, the business earned $2.07 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. As a group, research analysts predict that IDEX will post 8.78 EPS for the current year.

IDEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were issued a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Monday, July 6th. IDEX’s payout ratio is 43.20%.

Insider Activity

In other news, CEO Eric D. Ashleman sold 15,385 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $215.22, for a total value of $3,311,159.70. Following the completion of the transaction, the chief executive officer owned 66,658 shares in the company, valued at approximately $14,346,134.76. This represents a 18.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of IDEX

Several institutional investors have recently made changes to their positions in IEX. Contravisory Investment Management Inc. bought a new position in IDEX during the second quarter worth about $1,179,000. Everhart Financial Group Inc. grew its stake in shares of IDEX by 6.3% in the 2nd quarter. Everhart Financial Group Inc. now owns 1,249 shares of the industrial products company’s stock valued at $283,000 after purchasing an additional 74 shares during the period. Rockland Trust Co. raised its holdings in shares of IDEX by 3.1% in the 2nd quarter. Rockland Trust Co. now owns 2,623 shares of the industrial products company’s stock worth $595,000 after buying an additional 79 shares in the last quarter. Czech National Bank raised its holdings in shares of IDEX by 3.4% in the 2nd quarter. Czech National Bank now owns 21,068 shares of the industrial products company’s stock worth $4,781,000 after buying an additional 683 shares in the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab lifted its position in shares of IDEX by 11.2% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 13,180 shares of the industrial products company’s stock worth $2,991,000 after buying an additional 1,330 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX News Summary

Here are the key news stories impacting IDEX this week:

• Positive Sentiment: Quarterly earnings and revenue beat estimates. IDEX reported adjusted EPS of $2.32, versus the $2.11 consensus, while revenue reached $920.6 million, ahead of estimates near $905.4 million and up 6.4% year over year. IDEX quarterly earnings report
• Positive Sentiment: Demand trends improved significantly. Record orders rose approximately 29% reported and 28% organically to about $1.07 billion. Strength in data centers, semiconductors, space and defense—particularly within Health & Science Technologies—supports better visibility into future sales.
• Positive Sentiment: Management raised its full-year outlook. IDEX now expects 2026 organic sales growth of 5% to 6% and adjusted diluted EPS of $8.70 to $8.85, above its prior $8.35-$8.55 range and the approximately $8.49 analyst consensus. Third-quarter EPS guidance of $2.20-$2.25 also exceeds consensus near $2.19. IDEX raises annual profit outlook
• Positive Sentiment: Analysts increased their price targets. TD Cowen raised its target from $260 to $275 and assigned a “buy” rating, while Royal Bank of Canada lifted its target from $261 to $280 and maintained an “outperform” rating. The new targets imply roughly 18% to 20% potential upside from the referenced trading level. Analyst price-target updates from Benzinga
• Neutral Sentiment: Valuation remains elevated. IDEX trades at approximately 34.6 times earnings, meaning continued upside may depend on the company converting strong orders and end-market demand into sustained earnings growth.

IDEX Company Profile

IDEX Corporation is a diversified industrial manufacturer specializing in the design, production and distribution of highly engineered fluidics systems, measurement technologies and safety solutions. The company’s core offerings include positive-displacement pumps, flow meters, valves, sampling systems and analytical instruments that serve a wide range of end markets such as water treatment, chemical processing, energy, food and beverage, and life sciences. Through its focus on precision engineering and proprietary material science, IDEX delivers products designed for reliability in demanding applications.

Operations at IDEX are organized into three principal segments.