BMO Capital Markets Initiates Coverage on IDEX (NYSE:IEX)

Analysts at BMO Capital Markets assumed coverage on shares of IDEX (NYSE:IEX) in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm set a “market perform” rating and a $214.00 price target on the industrial products company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 14.63% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Argus raised IDEX from a “hold” rating to a “buy” rating and set a $240.00 target price on the stock in a report on Friday, February 6th. TD Cowen lifted their price objective on shares of IDEX from $200.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Robert W. Baird set a $247.00 price objective on shares of IDEX in a report on Thursday, February 5th. Oppenheimer reissued an “outperform” rating and issued a $230.00 price objective on shares of IDEX in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada raised their target price on shares of IDEX from $211.00 to $244.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, IDEX presently has an average rating of “Moderate Buy” and an average target price of $226.80.

IDEX Stock Performance

Shares of NYSE IEX opened at $186.68 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.02 and a current ratio of 2.86. The stock has a 50 day moving average price of $200.49 and a 200 day moving average price of $181.55. The stock has a market capitalization of $13.88 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 1.88 and a beta of 0.98. IDEX has a 52 week low of $153.36 and a 52 week high of $217.15.

IDEX (NYSE:IEX) last posted its quarterly earnings results on Wednesday, February 4th. The industrial products company reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.06. The firm had revenue of $899.10 million for the quarter, compared to analyst estimates of $882.00 million. IDEX had a return on equity of 15.03% and a net margin of 13.98%.The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.04 EPS. IDEX has set its Q1 2026 guidance at 1.730-1.780 EPS and its FY 2026 guidance at 8.150-8.35 EPS. Analysts predict that IDEX will post 8.26 earnings per share for the current fiscal year.

Institutional Trading of IDEX

A number of institutional investors have recently modified their holdings of the stock. GoalVest Advisory LLC acquired a new position in IDEX in the fourth quarter valued at about $26,000. Laurel Wealth Advisors LLC acquired a new stake in IDEX during the fourth quarter worth about $27,000. Capital A Wealth Management LLC acquired a new stake in IDEX during the second quarter worth about $28,000. Loomis Sayles & Co. L P bought a new position in IDEX in the 2nd quarter valued at about $33,000. Finally, UMB Bank n.a. raised its position in shares of IDEX by 61.0% in the 3rd quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock valued at $32,000 after buying an additional 75 shares in the last quarter. 97.96% of the stock is currently 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.