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

IDEX (NYSE:IEX) had its price target upped by Stifel Nicolaus from $200.00 to $220.00 in a research note issued to investors on Friday morning, Marketbeat reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

A number of other equities analysts have also recently issued reports on IEX. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of IDEX in a research note on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $211.00 price target on shares of IDEX in a research note on Thursday, January 15th. TD Cowen restated a “buy” rating on shares of IDEX in a research report on Wednesday, December 3rd. Citigroup upped their price objective on IDEX from $197.00 to $202.00 and gave the company a “buy” rating in a report on Monday, December 8th. Finally, Oppenheimer set a $210.00 target price on IDEX in a research note on Tuesday, October 7th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, IDEX presently has an average rating of “Moderate Buy” and a consensus price target of $203.29.

IDEX Trading Down 1.3%

Shares of IEX opened at $195.29 on Friday. The stock’s fifty day simple moving average is $179.82 and its 200-day simple moving average is $171.89. The company has a quick ratio of 2.06, a current ratio of 2.93 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $14.62 billion, a PE ratio of 30.90, a price-to-earnings-growth ratio of 1.99 and a beta of 1.00. IDEX has a 12-month low of $153.36 and a 12-month high of $226.04.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.10. The firm had revenue of $878.70 million during the quarter, compared to analysts’ expectations of $861.44 million. IDEX had a return on equity of 15.20% and a net margin of 13.97%.The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.90 EPS. IDEX has set its FY 2025 guidance at 7.860-7.91 EPS. As a group, research analysts predict that IDEX will post 8.26 earnings per share for the current year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 16th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, January 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.5%. IDEX’s dividend payout ratio (DPR) is currently 44.94%.

Hedge Funds Weigh In On IDEX

Several institutional investors and hedge funds have recently modified their holdings of the business. Nordea Investment Management AB lifted its stake in IDEX by 193.6% in the third quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock valued at $382,049,000 after buying an additional 1,559,124 shares in the last quarter. Primecap Management Co. CA raised its holdings in shares of IDEX by 250.7% during the third quarter. Primecap Management Co. CA now owns 1,730,580 shares of the industrial products company’s stock worth $281,669,000 after acquiring an additional 1,237,129 shares during the period. Norges Bank bought a new stake in IDEX in the 2nd quarter valued at $156,009,000. Qube Research & Technologies Ltd boosted its stake in IDEX by 142.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 652,664 shares of the industrial products company’s stock worth $114,588,000 after purchasing an additional 383,221 shares during the period. Finally, Flossbach Von Storch SE increased its holdings in IDEX by 132.8% during the 2nd quarter. Flossbach Von Storch SE now owns 640,792 shares of the industrial products company’s stock worth $112,504,000 after purchasing an additional 365,525 shares in 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.