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

IDEX (NYSE:IEX) had its price target increased by research analysts at Argus from $250.00 to $260.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Argus’ target price would indicate a potential upside of 10.97% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Seaport Research Partners reissued a “buy” rating and set a $250.00 target price on shares of IDEX in a research report on Tuesday, May 5th. Royal Bank Of Canada increased their target price on IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Robert W. Baird set a $257.00 price objective on IDEX in a research note on Thursday, April 30th. Weiss Ratings upgraded IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Finally, Stifel Nicolaus raised their price target on shares of IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, IDEX currently has an average rating of “Moderate Buy” and a consensus price target of $258.67.

IDEX Trading Down 1.1%

IEX stock traded down $2.68 during mid-day trading on Thursday, reaching $234.30. The company had a trading volume of 94,522 shares, compared to its average volume of 773,056. The firm has a 50 day moving average of $222.77 and a 200 day moving average of $209.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.05 and a quick ratio of 2.15. IDEX has a 12 month low of $157.25 and a 12 month high of $243.80. The company has a market capitalization of $17.27 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98.

IDEX (NYSE:IEX) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The company had revenue of $920.60 million for the quarter, compared to the consensus estimate of $905.38 million. During the same period last year, the business posted $2.07 EPS. IDEX’s quarterly revenue was up 6.4% on a year-over-year basis. 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 will post 8.85 earnings per share for the current fiscal year.

Insider Buying and Selling at IDEX

In other news, CEO Eric D. Ashleman sold 15,385 shares of the firm’s stock in a transaction dated 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 directly owned 66,658 shares in the company, valued at $14,346,134.76. This trade represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On IDEX

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

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.