IDEX (NYSE:IEX) Given New $260.00 Price Target at Oppenheimer

IDEX (NYSE:IEX) had its target price upped by Oppenheimer from $250.00 to $260.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the industrial products company’s stock.

IEX has been the subject of several other research reports. Citigroup boosted their price objective on IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Stifel Nicolaus boosted their price target on shares of IDEX from $250.00 to $257.00 and gave the stock a “buy” rating in a research note on Monday. Royal Bank Of Canada increased their price objective on IDEX from $252.00 to $261.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. TD Cowen raised their target price on IDEX from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings raised IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, IDEX has an average rating of “Moderate Buy” and an average target price of $244.00.

IDEX Stock Performance

Shares of IEX opened at $221.22 on Tuesday. The stock’s 50-day simple moving average is $218.40 and its 200 day simple moving average is $206.22. IDEX has a 52-week low of $157.25 and a 52-week high of $231.70. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 2.17 and a beta of 0.98. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39.

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

IDEX Dividend Announcement

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

Insider Activity

In other news, CEO Eric D. Ashleman sold 15,385 shares of IDEX stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $215.22, for a total transaction of $3,311,159.70. Following the sale, the chief executive officer owned 66,658 shares in the company, valued at $14,346,134.76. This trade represents a 18.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On IDEX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new position in shares of IDEX in the 4th quarter worth $27,000. Optiver Holding B.V. purchased a new position in IDEX in the first quarter worth about $27,000. SJS Investment Consulting Inc. increased its stake in IDEX by 104.1% during the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 76 shares during the last quarter. Cromwell Holdings LLC increased its position 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 purchasing an additional 58 shares during the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in IDEX during the second quarter valued at $35,000. 97.96% of the stock is owned by 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.