IDEX (NYSE:IEX) Reaches New 1-Year High – Here’s What Happened

Shares of IDEX Corporation (NYSE:IEX) reached a new 52-week high on Monday . The stock traded as high as $228.26 and last traded at $226.6050, with a volume of 2488422 shares traded. The stock had previously closed at $224.93.

Analyst Ratings Changes

IEX has been the topic of several research reports. Stifel Nicolaus set a $250.00 target price on IDEX in a research note on Thursday, April 30th. Robert W. Baird set a $257.00 target price on shares of IDEX in a report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of IDEX in a research note on Monday, April 20th. Royal Bank Of Canada boosted their price target on shares of IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $250.00 target price (up from $242.00) on shares of IDEX in a research report on Tuesday, June 2nd. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $241.11.

IDEX Price Performance

The company has a market capitalization of $16.67 billion, a P/E ratio of 33.37, a P/E/G ratio of 2.21 and a beta of 1.00. The company has a 50 day moving average price of $211.67 and a 200 day moving average price of $199.18. The company has a current ratio of 3.39, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46.

IDEX (NYSE:IEX) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The company had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. During the same quarter last year, the company earned $1.75 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. On average, equities analysts predict that IDEX Corporation will post 8.49 EPS for the current fiscal year.

IDEX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 6th will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, July 6th. IDEX’s dividend payout ratio is 43.20%.

Insider Activity

In other news, CEO Eric D. Ashleman sold 15,385 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the completion of the transaction, the chief executive officer owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. The trade was a 18.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IEX. GoalVest Advisory LLC bought a new stake in shares of IDEX during the fourth quarter worth about $26,000. Laurel Wealth Advisors LLC acquired a new position in IDEX in the 4th quarter valued at approximately $27,000. Optiver Holding B.V. bought a new position in shares of IDEX during the first quarter valued at $27,000. SJS Investment Consulting Inc. lifted its holdings in shares of IDEX by 104.1% during the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 76 shares during the period. Finally, Cromwell Holdings LLC lifted its holdings in shares of IDEX by 41.1% during the fourth quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 58 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

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.