IDEX (NYSE:IEX) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

IDEX (NYSE:IEX) had its target price raised by Stifel Nicolaus from $200.00 to $220.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 12.64% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on IEX. Oppenheimer set a $210.00 target price on IDEX in a research report on Tuesday, October 7th. TD Cowen restated a “buy” rating on shares of IDEX in a research report on Wednesday, December 3rd. Citigroup lifted their price target on shares of IDEX from $197.00 to $202.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $211.00 price objective on shares of IDEX in a report on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of IDEX in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $203.29.

IDEX Price Performance

NYSE:IEX traded down $2.53 during mid-day trading on Friday, reaching $195.32. 15,524 shares of the company were exchanged, compared to its average volume of 590,425. The company has a quick ratio of 2.06, a current ratio of 2.93 and a debt-to-equity ratio of 0.47. The stock has a market cap of $14.62 billion, a PE ratio of 30.98, a PEG ratio of 2.00 and a beta of 1.00. IDEX has a 12 month low of $153.36 and a 12 month high of $226.04. The company has a fifty day moving average of $179.20 and a 200 day moving average of $171.78.

IDEX (NYSE:IEX) last announced its earnings results on Wednesday, October 29th. The industrial products company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.10. IDEX had a net margin of 13.97% and a return on equity of 15.20%. The company had revenue of $878.70 million during the quarter, compared to the consensus estimate of $861.44 million. During the same period in the previous year, the firm posted $1.90 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. IDEX has set its FY 2025 guidance at 7.860-7.91 EPS. On average, research analysts anticipate that IDEX will post 8.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC increased its position in shares of IDEX by 1.9% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 4,661 shares of the industrial products company’s stock worth $829,000 after acquiring an additional 85 shares in the last quarter. Harvey Investment Co. LLC boosted its stake in IDEX by 0.8% in the 4th quarter. Harvey Investment Co. LLC now owns 110,189 shares of the industrial products company’s stock worth $19,607,000 after purchasing an additional 845 shares during the period. V Square Quantitative Management LLC bought a new position in IDEX during the 4th quarter worth about $510,000. Y.D. More Investments Ltd bought a new position in IDEX during the 4th quarter worth about $466,000. Finally, Sierra Legacy Group raised its stake in shares of IDEX by 1.7% in the 4th quarter. Sierra Legacy Group now owns 5,458 shares of the industrial products company’s stock valued at $971,000 after purchasing an additional 90 shares during the period. Institutional investors own 97.96% of the company’s stock.

About IDEX

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.