IDEX (NYSE:IEX) Shares Cross Above 50 Day Moving Average – Time to Sell?

Shares of IDEX Corporation (NYSE:IEX) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $230.06 and traded as high as $233.44. IDEX shares last traded at $230.9960, with a volume of 657,152 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup increased their price target on IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. TD Cowen lifted their price objective on shares of IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Vertical Research started coverage on IDEX in a report on Tuesday, September 8th. They issued a “buy” rating and a $250.00 price objective on the stock. Mizuho upgraded shares of IDEX from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $210.00 to $280.00 in a research report on Tuesday, August 11th. Finally, DA Davidson upped their price target on shares of IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, IDEX currently has an average rating of “Moderate Buy” and an average target price of $261.09.

IDEX Trading Up 0.8%

The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average is $230.06 and its 200 day moving average is $214.91. The firm has a market capitalization of $17.03 billion, a price-to-earnings ratio of 33.24, a P/E/G ratio of 2.60 and a beta of 0.97.

IDEX (NYSE:IEX) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.21. The firm 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 company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm 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. On average, equities analysts predict that IDEX Corporation will post 8.83 earnings per share for the current fiscal year.

IDEX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 2nd were paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, October 2nd. IDEX’s dividend payout ratio (DPR) is currently 42.01%.

Insider Transactions at IDEX

In other IDEX news, CAO Lisa Anderson sold 385 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total transaction of $91,857.15. Following the sale, the chief accounting officer owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. This represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Freestone Grove Partners LP acquired a new stake in shares of IDEX during the 2nd quarter worth approximately $102,523,000. Envestnet Portfolio Solutions Inc. bought a new position in IDEX during the second quarter worth $1,344,000. Korea Investment CORP bought a new position in IDEX during the second quarter worth $7,563,000. Hsbc Holdings PLC grew its holdings in IDEX by 35.6% in the second quarter. Hsbc Holdings PLC now owns 403,063 shares of the industrial products company’s stock worth $91,474,000 after purchasing an additional 105,902 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in IDEX by 40.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 44,057 shares of the industrial products company’s stock worth $8,351,000 after purchasing an additional 12,750 shares during the period. 97.96% of the stock is owned by institutional investors and hedge funds.

About IDEX

IDEX Corporation is an industrial manufacturing company headquartered in Lake Forest, Illinois. The company designs and produces engineered products and technologies used to move, control, measure and apply fluids, as well as equipment used in fire and safety applications.

IDEX operates through businesses serving fluid and metering technologies, health and science technologies, and fire and safety markets. Its products include pumps, valves, flow meters, compressors, dispensing equipment, precision fluidics components and systems, fire pumps, rescue tools and other specialized equipment.

The company serves a broad range of industries, including healthcare, life sciences, water and wastewater, chemical processing, energy, food and beverage, agriculture, industrial manufacturing and municipal fire protection.