IDEX (NYSE:IEX) Hits New 1-Year High – Here’s What Happened

IDEX Corporation (NYSE:IEX)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $230.67 and last traded at $230.4650, with a volume of 39126 shares changing hands. The stock had previously closed at $228.96.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IEX. Citigroup upped their price target on IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Stifel Nicolaus set a $250.00 price objective on shares of IDEX in a report on Thursday, April 30th. BMO Capital Markets assumed coverage on shares of IDEX in a research note on Friday, March 27th. They issued a “market perform” rating and a $214.00 target price for the company. Seaport Research Partners reiterated a “buy” rating and issued a $250.00 target price on shares of IDEX in a report on Tuesday, May 5th. Finally, Weiss Ratings raised shares of IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $242.11.

IDEX Stock Down 1.6%

The stock has a fifty day moving average of $218.11 and a 200 day moving average of $205.44. The firm has a market capitalization of $16.67 billion, a P/E ratio of 33.32, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.22. The firm had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.75 EPS. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. On average, research analysts anticipate that IDEX Corporation will post 8.49 EPS for the current fiscal year.

IDEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Monday, July 6th will be issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, July 6th. IDEX’s dividend payout ratio (DPR) is 43.20%.

Insider Buying and Selling

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $215.22, for a total value of $3,311,159.70. Following the sale, the chief executive officer owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. The trade was a 18.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On IDEX

Large investors have recently modified their holdings of the stock. Empowered Funds LLC boosted its position in shares of IDEX by 3.4% during the first quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock valued at $298,000 after buying an additional 54 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in IDEX by 4.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company’s stock valued at $274,000 after acquiring an additional 56 shares during the period. Cromwell Holdings LLC boosted its holdings in shares of IDEX by 41.1% during the 4th quarter. Cromwell Holdings LLC now owns 199 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 58 shares during the last quarter. Evolve Private Wealth LLC grew its stake in shares of IDEX by 2.8% in the first quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company’s stock worth $403,000 after acquiring an additional 58 shares during the period. Finally, Sanctuary Advisors LLC raised its holdings in shares of IDEX by 2.6% during the first quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company’s stock valued at $463,000 after purchasing an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

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.