IDEX (NYSE:IEX) Stock Rated Moderate Buy in New Coverage at Royal Bank Of Canada

01 Nov 2026, 08:21 by Tristan Rich · The Markets Daily

Royal Bank Of Canada began coverage on shares of IDEX (NYSE:IEX – Free Report) in a research note published on Thursday morning, Marketbeat reports. The firm issued a moderate buy rating and a $283.00 price objective on the industrial products company’s stock.

Several other analysts also recently weighed in on IEX. Citigroup lifted their price objective on shares of IDEX from $269.00 to $272.00 and gave the company a “buy” rating in a research report on Thursday. Stifel Nicolaus upped their target price on shares of IDEX from $267.00 to $273.00 and gave the stock a “buy” rating in a research report on Thursday. KeyCorp upgraded shares of IDEX to a “hold” rating in a research note on Monday, October 12th. Robert W. Baird set a $268.00 price target on shares of IDEX in a research note on Thursday. Finally, TD Cowen lifted their price target on IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $263.64.

Get Our Latest Stock Report on IDEX

IDEX Price Performance

Shares of NYSE IEX opened at $233.73 on Thursday. IDEX has a 1-year low of $160.60 and a 1-year high of $243.80. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.78 and a quick ratio of 2.15. The business’s fifty day moving average price is $230.11 and its two-hundred day moving average price is $215.96. The firm has a market capitalization of $17.17 billion, a PE ratio of 32.46, a P/E/G ratio of 2.61 and a beta of 0.97.

IDEX (NYSE:IEX – Get Free Report) last posted its earnings results on Wednesday, October 28th. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.09. IDEX had a return on equity of 16.18% and a net margin of 14.65%. The company had revenue of $951.70 million for the quarter, compared to analysts’ expectations of $934.36 million. During the same period last year, the business posted $2.03 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, research analysts expect that IDEX will post 8.94 EPS for the current year.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were paid a $0.73 dividend. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $2.92 annualized dividend and a dividend yield of 1.2%. IDEX’s dividend payout ratio is presently 40.56%.

Insider Activity at IDEX

In other news, CAO Lisa Anderson sold 385 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer directly owned 4,327 shares of the company’s stock, valued at approximately $1,032,378.93. This trade represents a 8.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On IDEX

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in IDEX during the second quarter worth approximately $1,301,393,000. Primecap Management Co. CA acquired a new stake in IDEX in the second quarter worth approximately $748,951,000. Bank of America Corp DE lifted its position in 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 worth $207,387,000 after purchasing an additional 746,732 shares during the period. Alyeska Investment Group L.P. boosted its stake in IDEX by 101.4% during the 2nd quarter. Alyeska Investment Group L.P. now owns 1,042,703 shares of the industrial products company’s stock valued at $236,641,000 after purchasing an additional 525,048 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new position in IDEX during the 2nd quarter valued at $102,523,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

About IDEX

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IDEX Corporation is an industrial manufacturing company headquartered in Lake Forest, Illinois. The company designs and produces engineered products and technologies used to move, control, measure and apply fluids, as well as equipment used in fire and safety applications.

IDEX operates through businesses serving fluid and metering technologies, health and science technologies, and fire and safety markets. Its products include pumps, valves, flow meters, compressors, dispensing equipment, precision fluidics components and systems, fire pumps, rescue tools and other specialized equipment.