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

IDEX (NYSE:IEX) had its price objective dropped by investment analysts at DA Davidson from $225.00 to $215.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. DA Davidson’s price objective indicates a potential upside of 9.74% from the company’s current price. 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.

Several other equities analysts also recently weighed in on the stock. Robert W. Baird reduced their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Royal Bank of Canada cut their target price on IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. Citigroup cut their price objective on shares of IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Stifel Nicolaus lifted their price objective on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, IDEX currently has an average rating of “Moderate Buy” and a consensus price target of $241.71.

IDEX Stock Down 1.4 %

IEX stock opened at $195.92 on Wednesday. The stock has a market cap of $14.83 billion, a P/E ratio of 29.46, a P/E/G ratio of 1.97 and a beta of 0.97. IDEX has a 1-year low of $189.51 and a 1-year high of $246.36. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $210.29 and its two-hundred day simple moving average is $211.39.

IDEX (NYSE:IEX) last released its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%. Analysts expect that IDEX will post 8.31 EPS for the current year.

Institutional Investors Weigh In On IDEX

A number of hedge funds have recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in shares of IDEX by 41.9% in the 3rd quarter. Blue Trust Inc. now owns 481 shares of the industrial products company’s stock valued at $97,000 after acquiring an additional 142 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of IDEX by 27.2% in the third quarter. Assenagon Asset Management S.A. now owns 67,650 shares of the industrial products company’s stock worth $14,511,000 after buying an additional 14,457 shares during the period. Values First Advisors Inc. bought a new stake in IDEX in the 3rd quarter worth $98,000. Blackston Financial Advisory Group LLC boosted its holdings in shares of IDEX by 32.8% during the third quarter. Blackston Financial Advisory Group LLC now owns 2,239 shares of the industrial products company’s stock worth $480,000 after purchasing an additional 553 shares during the period. Finally, Lake Street Advisors Group LLC bought a new stake in shares of IDEX in the third quarter worth about $248,000. 97.96% of the stock is currently owned by institutional investors.

About IDEX

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.