IDEX (NYSE:IEX) Given New $275.00 Price Target at TD Cowen

IDEX (NYSE:IEX) had its price target hoisted by analysts at TD Cowen from $260.00 to $275.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. TD Cowen’s price objective indicates a potential upside of 17.73% from the company’s current price.

A number of other equities analysts have also recently weighed in on the stock. Robert W. Baird set a $257.00 price target on shares of IDEX in a report on Thursday, April 30th. Royal Bank Of Canada raised their price target on IDEX from $252.00 to $261.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Oppenheimer reaffirmed an “outperform” rating and set a $265.00 price objective on shares of IDEX in a research note on Thursday. Citigroup reissued a “buy” rating on shares of IDEX in a research note on Thursday. Finally, Weiss Ratings raised shares of IDEX from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $247.44.

IDEX Trading Up 1.8%

Shares of NYSE IEX traded up $4.06 during trading on Thursday, reaching $233.58. The stock had a trading volume of 432,647 shares, compared to its average volume of 772,353. The company has a market cap of $17.29 billion, a P/E ratio of 34.56, a PEG ratio of 2.21 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 has a fifty-two week low of $157.25 and a fifty-two week high of $243.80. The business’s 50-day moving average price is $220.26 and its 200-day moving average price is $208.04.

IDEX (NYSE:IEX) last released its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.21. The firm had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.07 earnings per share. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. On average, equities research analysts predict that IDEX will post 8.48 EPS for the current fiscal year.

Insider Transactions at IDEX

In related news, CEO Eric D. Ashleman sold 15,385 shares of the company’s 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 completion of the transaction, the chief executive officer owned 66,658 shares of the company’s stock, valued at approximately $14,346,134.76. This represents a 18.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On IDEX

A number of institutional investors have recently added to or reduced their stakes in IEX. Empowered Funds LLC grew its holdings in shares of IDEX by 3.4% during the 1st 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 during the period. EverSource Wealth Advisors LLC raised its position in IDEX by 41.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,043 shares of the industrial products company’s stock valued at $183,000 after purchasing an additional 304 shares during the period. Cresset Asset Management LLC purchased a new stake in shares of IDEX in the second quarter worth about $219,000. Cerity Partners LLC grew its stake in shares of IDEX by 23.9% in the second quarter. Cerity Partners LLC now owns 18,658 shares of the industrial products company’s stock valued at $3,276,000 after buying an additional 3,604 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in IDEX by 4.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 13,513 shares of the industrial products company’s stock worth $2,373,000 after acquiring an additional 518 shares in the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

Key Stories Impacting IDEX

Here are the key news stories impacting IDEX this week:

• Positive Sentiment: Quarterly results exceeded expectations. Adjusted earnings per share came in at $2.32, versus the $2.11 analyst consensus, while revenue rose 6.4% year over year to $920.6 million, topping estimates of approximately $905.4 million. IDEX quarterly earnings report
• Positive Sentiment: Orders provided a strong forward-demand signal. Record orders reached roughly $1.07 billion, up 29% on a reported basis and 28% organically. Management cited robust AI data-center and semiconductor demand, as well as continued strength in space and defense markets. IEX Q2 deep dive
• Positive Sentiment: IDEX raised its 2026 guidance. The company now expects organic sales growth of 5% to 6% and adjusted diluted EPS of $8.70 to $8.85, above its previous $8.35-to-$8.55 range and the approximately $8.49 consensus. Third-quarter EPS guidance of $2.20 to $2.25 also modestly exceeds estimates. IDEX lifts annual profit outlook
• Positive Sentiment: Profitability and capital returns remained supportive. Adjusted EBITDA margin expanded to 28.1%, and IDEX returned $77 million through share repurchases and $54 million through dividends during the quarter.
• Neutral Sentiment: Analyst price targets reported recently have a median of $250, indicating potential upside but also limited room if expectations are already reflected in the stock.
• Negative Sentiment: Reported insider activity has consisted of two CEO sales totaling about 15,385 shares over the past six months, with no insider purchases. This is a modest cautionary signal, though the transactions may not be directly related to business conditions.

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.