IDEX Corporation (NYSE:IEX) Stock Has Consensus Price Target of $260.27 According to Brokerages

IDEX Corporation (NYSE:IEX) has been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $260.27.

A number of brokerages recently commented on IEX. Argus raised their price target on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. DA Davidson upped their price objective on shares of IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Citigroup raised their target price on shares of IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Mizuho raised shares of IDEX from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $210.00 to $280.00 in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada lifted their target price on shares of IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th.

Insiders Place Their Bets

In other IDEX news, CAO Lisa Anderson sold 385 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total transaction of $91,857.15. Following the transaction, the chief accounting officer owned 4,327 shares in the company, valued at approximately $1,032,378.93. This represents a 8.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in IDEX in the second quarter worth $1,301,393,000. Primecap Management Co. CA bought a new stake in shares of IDEX during the 2nd quarter valued at $748,951,000. Van ECK Associates Corp boosted its holdings in shares of IDEX by 3.3% during the 4th quarter. Van ECK Associates Corp now owns 1,976,856 shares of the industrial products company’s stock valued at $351,762,000 after buying an additional 63,699 shares in the last quarter. Amundi grew its position in shares of IDEX by 19.6% in the 2nd 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 during the period. Finally, Alyeska Investment Group L.P. increased its stake in shares of IDEX by 101.4% in the 2nd quarter. Alyeska Investment Group L.P. now owns 1,042,703 shares of the industrial products company’s stock worth $236,641,000 after acquiring an additional 525,048 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Trading Down 0.5%

IEX opened at $231.76 on Tuesday. The business has a 50 day simple moving average of $230.34 and a two-hundred day simple moving average of $218.85. The firm has a market capitalization of $17.09 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 2.64 and a beta of 0.97. 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 one year low of $159.27 and a one year high of $243.80.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.21. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The firm had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. During the same period last year, the company earned $2.07 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Analysts predict that IDEX will post 8.83 EPS for the current year.

IDEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be issued a $0.73 dividend. The ex-dividend date is Friday, October 2nd. This represents a $2.92 annualized dividend and a yield of 1.3%. IDEX’s dividend payout ratio (DPR) is 42.01%.

About IDEX

IDEX Corporation (NYSE: IEX) is a diversified industrial company that designs, manufactures and sells engineered products and technologies used to move, control and monitor fluids. Its products serve a range of industrial, commercial and specialty applications where precision, reliability and performance are important.

The company operates through three primary segments: Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products. Its offerings include pumps, valves, flow meters, compressors, dispensing equipment, precision fluidics components and related systems.