IDEX (NYSE:IEX) Price Target Raised to $280.00

IDEX (NYSE:IEX) had its price objective increased by Royal Bank Of Canada from $261.00 to $280.00 in a research report sent to investors on Thursday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the industrial products company’s stock.

A number of other equities research analysts have also recently commented on IEX. TD Cowen increased their target price on IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird set a $257.00 price target on IDEX in a research report on Thursday, April 30th. Seaport Research Partners reiterated a “buy” rating and issued a $250.00 price target on shares of IDEX in a research note on Tuesday, May 5th. Stifel Nicolaus increased their price objective on shares of IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Weiss Ratings upgraded shares of IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.44.

IDEX Stock Performance

Shares of IEX opened at $230.70 on Thursday. The company has a quick ratio of 2.40, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average price is $221.26 and its 200-day moving average price is $208.55. IDEX has a 52 week low of $157.25 and a 52 week high of $243.80. The stock has a market cap of $17.01 billion, a P/E ratio of 33.19, a P/E/G ratio of 2.18 and a beta of 0.98.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.21. The company had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $2.07 EPS. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Equities research analysts anticipate that IDEX will post 8.85 earnings per share for the current fiscal year.

IDEX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 6th were issued a $0.73 dividend. The ex-dividend date of this dividend was Monday, July 6th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.3%. IDEX’s dividend payout ratio (DPR) is presently 42.01%.

Insider Activity at IDEX

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 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 $14,346,134.76. The trade was a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On IDEX

Large investors have recently bought and sold shares of the business. Deprince Race & Zollo Inc. raised its holdings in shares of IDEX by 4.3% during the fourth quarter. Deprince Race & Zollo Inc. now owns 359,152 shares of the industrial products company’s stock valued at $63,908,000 after purchasing an additional 14,952 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in IDEX by 4.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 160,520 shares of the industrial products company’s stock worth $28,743,000 after purchasing an additional 6,901 shares during the last quarter. Baader Bank Aktiengesellschaft boosted its holdings in IDEX by 27.5% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 27,809 shares of the industrial products company’s stock worth $4,948,000 after purchasing an additional 6,000 shares during the last quarter. RNC Capital Management LLC grew its holdings in shares of IDEX by 227.3% in the fourth quarter. RNC Capital Management LLC now owns 19,807 shares of the industrial products company’s stock worth $3,524,000 after acquiring an additional 13,755 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of IDEX by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock valued at $360,740,000 after purchasing an additional 7,844 shares during the period. 97.96% of the stock is currently owned by institutional investors.

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.