IDEX (NYSE:IEX) Price Target Raised to $260.00

IDEX (NYSE:IEX) had its price objective increased by Argus from $250.00 to $260.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Several other equities analysts have also recently weighed in on IEX. TD Cowen lifted their price objective on IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Royal Bank Of Canada raised their price target on IDEX from $261.00 to $280.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. DA Davidson boosted their price target on IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday. Stifel Nicolaus upped their price objective on shares of IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Seaport Research Partners reiterated a “buy” rating and set a $250.00 price objective on shares of IDEX in a research note on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.67.

IDEX Stock Performance

Shares of NYSE:IEX opened at $234.34 on Thursday. IDEX has a 12-month low of $157.25 and a 12-month high of $243.80. The company’s 50 day moving average price is $223.71 and its two-hundred day moving average price is $210.08. The firm has a market cap of $17.28 billion, a PE ratio of 33.72, a PEG ratio of 2.21 and a beta of 0.98. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46.

IDEX (NYSE:IEX) last released its quarterly earnings results 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 the consensus estimate of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.07 earnings per share. 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 predict that IDEX will post 8.84 earnings per share for the current year.

IDEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 6th were issued a dividend of $0.73 per share. 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 1.2%. IDEX’s payout ratio is 42.01%.

Insider Buying and Selling at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of the company’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 sale, the chief executive officer directly owned 66,658 shares in the company, valued at $14,346,134.76. This represents a 18.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IEX. Empowered Funds LLC lifted its stake in IDEX by 3.4% in the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after purchasing an additional 54 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of IDEX by 41.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,043 shares of the industrial products company’s stock worth $183,000 after buying an additional 304 shares during the last quarter. Cresset Asset Management LLC acquired a new position in shares of IDEX during the second quarter worth $219,000. Cerity Partners LLC increased its holdings in shares of IDEX by 23.9% during the second quarter. Cerity Partners LLC now owns 18,658 shares of the industrial products company’s stock worth $3,276,000 after buying an additional 3,604 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of IDEX by 4.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 13,513 shares of the industrial products company’s stock valued at $2,373,000 after acquiring an additional 518 shares during the last quarter. Institutional investors own 97.96% of the company’s stock.

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.