IDEX (NYSE:IEX) Coverage Initiated at BMO Capital Markets

Equities researchers at BMO Capital Markets began coverage on shares of IDEX (NYSE:IEX) in a report released on Friday. The brokerage set a “market perform” rating and a $214.00 price target on the industrial products company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 12.83% from the company’s previous close.

IEX has been the topic of a number of other reports. DA Davidson increased their price objective on shares of IDEX from $180.00 to $195.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. TD Cowen upped their target price on IDEX from $200.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Argus raised IDEX from a “hold” rating to a “buy” rating and set a $240.00 target price on the stock in a research report on Friday, February 6th. Oppenheimer reiterated an “outperform” rating and issued a $230.00 price target on shares of IDEX in a report on Thursday, February 5th. Finally, Royal Bank Of Canada upped their price objective on IDEX from $211.00 to $244.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $226.80.

IDEX Stock Down 1.0%

NYSE:IEX opened at $189.67 on Friday. IDEX has a 1-year low of $153.36 and a 1-year high of $217.15. The company has a 50-day moving average of $200.71 and a 200 day moving average of $181.26. The firm has a market cap of $14.10 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.02.

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

Institutional Investors Weigh In On IDEX

Several institutional investors have recently bought and sold shares of IEX. Empowered Funds LLC increased 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 worth $298,000 after purchasing an additional 54 shares in the last quarter. Cromwell Holdings LLC lifted 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 purchasing an additional 58 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of IDEX by 2.8% in the 4th quarter. Mackenzie Financial Corp now owns 2,562 shares of the industrial products company’s stock worth $458,000 after purchasing an additional 70 shares in the last quarter. UMB Bank n.a. grew its stake in IDEX by 61.0% during the 3rd quarter. UMB Bank n.a. now owns 198 shares of the industrial products company’s stock worth $32,000 after buying an additional 75 shares during the last quarter. Finally, Bessemer Group Inc. grew its stake in IDEX by 16.6% during the 3rd quarter. Bessemer Group Inc. now owns 577 shares of the industrial products company’s stock worth $94,000 after buying an additional 82 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

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.