DA Davidson Lowers IDEX (NYSE:IEX) Price Target to $215.00

IDEX (NYSE:IEX - Get Free Report) had its target price cut by analysts at DA Davidson from $225.00 to $215.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the industrial products company's stock. DA Davidson's price objective would suggest a potential upside of 11.42% from the company's previous close. DA Davidson also issued estimates for IDEX's Q1 2025 earnings at $1.64 EPS, FY2025 earnings at $8.20 EPS and FY2026 earnings at $9.05 EPS.

A number of other research firms have also recently weighed in on IEX. Stifel Nicolaus boosted their target price on shares of IDEX from $244.00 to $256.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Citigroup dropped their target price on shares of IDEX from $269.00 to $267.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Robert W. Baird dropped their target price on shares of IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Finally, Royal Bank of Canada dropped their target price on shares of IDEX from $256.00 to $245.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $241.71.

IDEX Stock Down 1.6 %

IDEX stock traded down $3.11 during midday trading on Wednesday, hitting $192.96. 377,267 shares of the stock were exchanged, compared to its average volume of 533,678. IDEX has a 52-week low of $189.51 and a 52-week high of $246.36. The stock has a market capitalization of $14.61 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97. The business's 50-day moving average price is $210.29 and its 200-day moving average price is $211.39. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%. On average, research analysts expect that IDEX will post 8.26 EPS for the current fiscal year.

Institutional Trading of IDEX

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp raised its position in shares of IDEX by 10.7% in the fourth quarter. Mackenzie Financial Corp now owns 6,976 shares of the industrial products company's stock valued at $1,460,000 after purchasing an additional 677 shares during the period. Forum Financial Management LP bought a new stake in IDEX during the 4th quarter worth approximately $269,000. Orion Capital Management LLC bought a new stake in IDEX during the 4th quarter worth approximately $86,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in IDEX by 15.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 747,554 shares of the industrial products company's stock worth $156,456,000 after acquiring an additional 102,129 shares during the period. Finally, Sovereign s Capital Management LLC bought a new stake in IDEX during the 4th quarter worth approximately $420,000. Institutional investors own 97.96% of the company's stock.

IDEX Company Profile

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.