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

IDEX (NYSE:IEX) had its price target upped by equities research analysts at Oppenheimer from $250.00 to $260.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Oppenheimer’s price target points to a potential upside of 16.82% from the company’s current price.

Several other equities analysts also recently commented on IEX. Robert W. Baird set a $257.00 price objective on shares of IDEX in a report on Thursday, April 30th. BMO Capital Markets started coverage on shares of IDEX in a research note on Friday, March 27th. They set a “market perform” rating and a $214.00 target price for the company. TD Cowen lifted their target price on shares of IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Royal Bank Of Canada upped their price target on shares of IDEX from $252.00 to $261.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Finally, Seaport Research Partners reissued a “buy” rating and issued a $250.00 price target on shares of IDEX in a report on Tuesday, May 5th. Six investment 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 a consensus rating of “Moderate Buy” and an average price target of $244.00.

IDEX Stock Performance

Shares of NYSE IEX traded up $1.32 during midday trading on Tuesday, hitting $222.56. 250,413 shares of the company’s stock were exchanged, compared to its average volume of 767,132. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. IDEX has a 12 month low of $157.25 and a 12 month high of $231.70. The company’s 50 day moving average price is $218.25 and its 200 day moving average price is $205.91. The firm has a market capitalization of $16.47 billion, a PE ratio of 32.92, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98.

IDEX (NYSE:IEX) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The business had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. During the same period in the previous year, the firm earned $1.75 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. As a group, analysts predict that IDEX will post 8.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Eric D. Ashleman sold 15,385 shares of the business’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 owned 66,658 shares of the company’s stock, valued at $14,346,134.76. The trade was a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On IDEX

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Primecap Management Co. CA lifted its stake in IDEX by 86.5% during the fourth quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock worth $574,174,000 after purchasing an additional 1,496,207 shares during the last quarter. Dodge & Cox increased its stake in shares of IDEX by 266.7% in the 4th quarter. Dodge & Cox now owns 1,262,550 shares of the industrial products company’s stock valued at $224,658,000 after purchasing an additional 918,208 shares during the last quarter. Norges Bank bought a new position in shares of IDEX in the 4th quarter valued at $162,788,000. Millennium Management LLC raised its holdings in shares of IDEX by 293.6% during the 4th quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company’s stock worth $189,286,000 after buying an additional 793,530 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of IDEX by 215.0% during the 1st 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 during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

IDEX Company Profile

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.