IDEX (NYSE:IEX) Stock Rating Upgraded by KeyCorp

IDEX (NYSE:IEX) was upgraded by stock analysts at KeyCorp to a “hold” rating in a research report issued on Monday, Zacks reports.

A number of other analysts also recently commented on the company. Oppenheimer boosted their target price on IDEX from $265.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 9th. TD Cowen increased their price objective on shares of IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of IDEX from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Mizuho raised IDEX from a “neutral” rating to an “outperform” rating and upped their target price for the company from $210.00 to $280.00 in a research note on Tuesday, August 11th. Finally, Argus upped their price objective on IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $260.27.

IDEX Trading Up 0.6%

NYSE IEX opened at $237.07 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.15 and a current ratio of 3.05. IDEX has a one year low of $159.27 and a one year high of $243.80. The firm has a market cap of $17.48 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 2.67 and a beta of 0.97. The firm has a 50 day simple moving average of $230.45 and a 200-day simple moving average of $219.79.

IDEX (NYSE:IEX) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.21. The business had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $2.07 EPS. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Equities research analysts anticipate that IDEX will post 8.83 EPS for the current fiscal year.

Insider Activity

In related news, CAO Lisa Anderson sold 385 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $238.59, for a total transaction of $91,857.15. Following the sale, the chief accounting officer directly owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. This represents a 8.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On IDEX

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in IDEX in the second quarter worth approximately $1,301,393,000. Primecap Management Co. CA acquired a new position in IDEX during the 2nd quarter worth $748,951,000. Millennium Management LLC boosted its stake in IDEX by 293.6% during the 4th quarter. Millennium Management LLC now owns 1,063,763 shares of the industrial products company’s stock valued at $189,286,000 after purchasing an additional 793,530 shares during the period. Bank of America Corp DE boosted its position in shares of IDEX by 215.0% in the first quarter. Bank of America Corp DE now owns 1,094,101 shares of the industrial products company’s stock valued at $207,387,000 after acquiring an additional 746,732 shares during the period. Finally, Balyasny Asset Management L.P. grew its position in IDEX by 35,817.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 720,142 shares of the industrial products company’s stock worth $128,142,000 after purchasing an additional 718,137 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

About IDEX

IDEX Corporation (NYSE: IEX) is a diversified industrial company that designs, manufactures and sells engineered products and technologies used to move, control and monitor fluids. Its products serve a range of industrial, commercial and specialty applications where precision, reliability and performance are important.

The company operates through three primary segments: Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products. Its offerings include pumps, valves, flow meters, compressors, dispensing equipment, precision fluidics components and related systems.