IEX · NYSE · Industrial - Machinery

IDEX (IEX)

Makes specialized fluid-handling, scientific, and fire-rescue equipment through autonomous industrial businesses.

$226.24
vs last close+3.71 (+1.67%)
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IDEX CorporationIEX
Industrials

Makes specialized pumps, meters, valves, scientific fluidics, optics, sealing products, firefighting and rescue equipment, and colorant-dispensing and clamping systems. Revenue comes from selling engineered components and applied solutions across its operating segments, while largely autonomous businesses share an acquisition-led operating model.

Designs specialized components for niche industrial markets. Health & Science Technologies supplies precision fluidics, optics and photonics, sealing and pneumatic products, and material-processing systems. Fluid & Metering Technologies makes pumps, valves, meters and monitoring systems for industrial, water, energy and agricultural applications. Fire & Safety/Diversified Products adds firefighting and rescue equipment, colorant-dispensing systems and BAND-IT clamps.

Operates more than 50 largely autonomous businesses, using the IDEX operating model to prioritize customers, improve operations and integrate acquisitions. Pairs specialized product design and engineering with customization, timely delivery and post-sale support. Sales are divided roughly evenly between the United States and international markets, with facilities across Europe, Asia and the Americas. Growth relies partly on finding, acquiring and integrating specialized manufacturers; performance also depends on industrial demand, trade rules and access to raw materials and components.

Company facts

CEOEric D. Ashleman
ListedJun 2, 1989
ExchangeNYSE
HeadquartersNorthbrook, IL
CountryUnited States
Employees8,700
CIK0000832101
ISINUS45167R1041

Market cap$16.40B
EPS (ttm)$6.95
P/E (ttm)32.02
ROE12.9%
P/B4.09
P/S4.58
Dividend yieldDiv yield1.29%
Beta0.67vs XLI 0.82

Price target$257.00+15.5%Average of 29 analysts
ConsensusBuy15 of 29 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 9, 2026OppenheimerReiterate
Rating: Target: $265
Rating: OutperformTarget: $270
Sep 8, 2026Vertical ResearchInitiate
Rating: Target:
Rating: BuyTarget: $250
Aug 12, 2026MizuhoUpgrade
Rating: Neutral
Rating: Outperform
Aug 11, 2026Mizuho SecuritiesTarget
Target: $185
Target: $280
Aug 6, 2026DA DavidsonReiterate
Rating: Target: $180
Rating: NeutralTarget: $240

Next report
Oct 28, 26
in 36 days
EPS estimate
$2.23
Revenue estimate
$932.7M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$2.04$1.75$2.07$2.03$2.10$2.00$2.32Pending
Estimate$2.03$1.64$2.00$1.93$2.04$1.77$2.11$2.23
Surprise+0.5%+6.7%+3.5%+5.2%+2.9%+13.0%+10.0%

RevenueReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$862.9M$814.3M$865.4M$878.7M$899.1M$886.9M$920.6MPending
Estimate$866.1M$806.3M$872.0M$861.4M$882.3M$845.6M$905.4M$932.7M
Surprise−0.4%+1.0%−0.8%+2.0%+1.9%+4.9%+1.7%
Estimate$2.23
ReportedDue Oct 28, 2026
Estimate$932.7M
ReportedDue Oct 28, 2026
View details

Debt to equity47.00%
Current ratio304.90%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$798.2M$862.9M$814.3M$865.4M$878.7M$899.1M$886.9M$920.6M
Net income$119.1M$123.2M$95.5M$131.6M$127.8M$128.3M$120.0M$143.4M
Net margin14.9%14.3%11.7%15.2%14.5%14.3%13.5%15.6%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$176.5M$170.3M$160.2M$190.2M$185.8M$186.0M$172.4M$199.9M
YoY growth−4.9%+3.1%−2.1%+2.0%+5.3%+9.2%+7.6%+5.1%

Balance sheet, Jun 30, 2026Cash & short-term investments $621.3M · Total debt $1.89B · Total assets $6.93B · Shareholders' equity $4.01B

Revenue
$920.6M
Operating income
$199.9M
Net income
$143.4M
View details

Dividend yield
1.29%
Next ex-date
Oct 2, 26
in 10 days
Annual dividend
$2.88
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Jan '25May '25Jul '25Oct '25Jan '26May '26Jul '26Oct '26
Dividend$0.69$0.71$0.71$0.71$0.71$0.73$0.73$0.73
Annual yield1.28%1.46%1.54%1.75%1.44%1.37%1.60%1.28%
Ex-dateJan 17May 19Jul 11Oct 10Jan 16May 22Jul 6Oct 2
Payment dateJan 31May 30Jul 25Oct 24Jan 30Jun 5Jul 24Oct 16
View details

Institutions≥ 92.01%67.83M shares
705 holders · as of Jun 30, 2026 · largest filers only
Insiders0.23%173.1K shares
19 holders · as of Sep 18, 2026
Other≤ 7.76%5.72M shares
remainder

73.72M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the 100 largest filers, so at least this.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Capital World InvestorsInstitution
7.80%5.75Mfiled Feb 14, 2020
BlackRock, Inc.Institution
7.78%5.73Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
6.57%4.84Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
5.07%3.73Mas of Jun 30, 2026
State Street CorpInstitution
4.50%3.32Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 12, 2026Lisa M. Andersonofficer: SVP, GC, CAO & Corp Sec−385$238.59
May 11, 2026Eric D. Ashlemandirector, officer: CEO and President−15,385$215.22
Nov 5, 2025Carl R. Christensondirector+600$169.41
View details

  • Dover

    Named FMT rival; Dover PSG competes across AODD, gear, and LPG pump lines.

  • Danaher

    Pall filtration and Cytiva bioprocessing compete head-to-head with IDEX HST.

  • Ingersoll Rand

    Named FMT rival; PST's Milton Roy and ARO compete in metering and AODD pumps.

  • AMETEK

    Serial industrial acquirer; EIG instruments overlap IDEX HST analytical markets.

  • Graco

    Named FSDP rival via Corob; Process segment contests IDEX FMT specialty pumps.

  • Nordson

    Medical fluid components and precision dispensing compete with IDEX HST and FMT.

Compare

CompanyPriceChange
IDEX$226.24+1.67%$16.40B32.024.84.6+6.4%
Dover$187.00+0.49%$25.06B22.516.63.0+6.9%
Danaher$221.51+2.62%$151.67B38.325.06.0+5.5%
Ingersoll Rand$73.41+1.52%$28.30B29.819.73.6+8.5%
AMETEK$245.84+1.91%$55.29B35.328.17.0+15.0%
Graco$77.19+0.78%$12.40B24.223.05.5+3.3%
Nordson$318.07+1.18%$17.51B31.825.25.9+10.3%
Median30.824.05.7+7.7%