Oppenheimer Issues Positive Forecast for IDEX (NYSE:IEX) Stock Price

IDEX (NYSE:IEX) had its price objective boosted by equities research analysts at Oppenheimer from $270.00 to $275.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s target price indicates a potential upside of 17.19% from the stock’s previous close.

Other research analysts have also issued reports about the company. Argus raised their price target on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Stifel Nicolaus set a $267.00 price objective on IDEX in a research note on Monday. Vertical Research initiated coverage on IDEX in a report on Tuesday, September 8th. They issued a “buy” rating and a $250.00 price objective for the company. Royal Bank Of Canada increased their target price on IDEX from $280.00 to $285.00 and gave the company an “outperform” rating in a research note on Wednesday, October 14th. Finally, TD Cowen raised their target price on IDEX from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $261.09.

IDEX Trading Up 0.6%

IEX stock traded up $1.50 during midday trading on Wednesday, reaching $234.66. The company’s stock had a trading volume of 227,997 shares, compared to its average volume of 727,353. IDEX has a 52 week low of $160.60 and a 52 week high of $243.80. The stock has a market cap of $17.30 billion, a PE ratio of 33.71, a price-to-earnings-growth ratio of 2.65 and a beta of 0.97. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The business’s 50-day simple moving average is $230.47 and its 200-day simple moving average is $221.44.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.21. The firm had revenue of $920.60 million during the quarter, compared to analyst estimates of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, sell-side analysts expect that IDEX will post 8.83 EPS for the current year.

Insider Buying and Selling at IDEX

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of IEX. BlackRock Inc. purchased a new stake in IDEX during the 2nd quarter worth approximately $1,301,393,000. Primecap Management Co. CA purchased a new position in shares of IDEX during the 2nd quarter valued at approximately $748,951,000. Amundi grew its position in shares of IDEX by 19.6% during the second quarter. Amundi now owns 1,458,979 shares of the industrial products company’s stock worth $331,017,000 after buying an additional 239,579 shares in the last quarter. Alyeska Investment Group L.P. grew its position in shares of IDEX by 101.4% during the second quarter. Alyeska Investment Group L.P. now owns 1,042,703 shares of the industrial products company’s stock worth $236,641,000 after buying an additional 525,048 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of IDEX by 215.0% during the first quarter. Bank of America Corp DE now owns 1,094,101 shares of the industrial products company’s stock worth $207,387,000 after buying an additional 746,732 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Company Profile

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.