IDEX (NYSE:IEX) Coverage Initiated by Analysts at Vertical Research

Stock analysts at Vertical Research assumed coverage on shares of IDEX (NYSE:IEX) in a note issued to investors on Tuesday, Marketbeat.com reports. The firm set a “buy” rating and a $250.00 price target on the industrial products company’s stock. Vertical Research’s price target suggests a potential upside of 11.75% from the company’s previous close.

Several other analysts have also commented on the company. Argus increased their price objective on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Citigroup increased their price target on IDEX from $252.00 to $269.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Mizuho raised IDEX from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $210.00 to $280.00 in a report on Tuesday, August 11th. DA Davidson boosted their price target on IDEX from $230.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Finally, Stifel Nicolaus upped their price objective on shares of IDEX from $257.00 to $268.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, IDEX currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.82.

IDEX Stock Down 0.0%

Shares of IDEX stock opened at $223.71 on Tuesday. 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 company has a market cap of $16.49 billion, a P/E ratio of 32.19, a PEG ratio of 2.54 and a beta of 0.98. The firm’s 50 day moving average price is $228.67 and its 200-day moving average price is $214.38. IDEX has a 52-week low of $158.19 and a 52-week high of $243.80.

IDEX (NYSE:IEX) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.21. The company had revenue of $920.60 million during the quarter, compared to analysts’ expectations of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. IDEX’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.07 earnings per share. 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, sell-side analysts predict that IDEX will post 8.82 EPS for the current fiscal year.

Insider Activity at IDEX

In related news, CAO Lisa Anderson sold 385 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total transaction of $91,857.15. Following the completion of the transaction, the chief accounting officer owned 4,327 shares in the company, valued at $1,032,378.93. This represents a 8.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On IDEX

Several large investors have recently bought and sold shares of IEX. California State Teachers Retirement System raised its holdings in shares of IDEX by 17,765.1% during the second quarter. California State Teachers Retirement System now owns 23,276,446 shares of the industrial products company’s stock valued at $5,282,589,000 after acquiring an additional 23,146,156 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of IDEX during the second quarter worth approximately $1,301,393,000. Primecap Management Co. CA acquired a new position in IDEX in the 2nd quarter valued at $748,951,000. State Street Corp raised its stake in IDEX by 0.6% in the 4th quarter. State Street Corp now owns 3,172,410 shares of the industrial products company’s stock valued at $564,499,000 after purchasing an additional 17,668 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in IDEX by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock valued at $360,740,000 after purchasing an additional 7,844 shares in the last quarter. 97.96% of the stock is currently 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.