Idex Corporation Stock Today

IEX Stock  USD 245.09  3.00  1.24%   

Performance

16 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 5

 
100  
 
Zero
Very Low
IDEX is trading at 245.09 as of the 28th of March 2024; that is 1.24 percent increase since the beginning of the trading day. The stock's open price was 242.09. IDEX has under 5 % chance of experiencing financial distress over the next 2 years and had a solid performance during the last 90 days. Equity ratings for IDEX Corporation are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
21st of June 1991
Category
Industrials
IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. IDEX Corporation was incorporated in 1987 and is headquartered in Northbrook, Illinois. Idex Corp operates under Specialty Industrial Machinery classification in the United States and is traded on New York Stock Exchange. The company has 75.64 M outstanding shares of which 855.31 K shares are currently shorted by investors with about 1.66 days to cover. More on IDEX Corporation

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IDEX Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. IDEX's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding IDEX or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, IDEX's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to IDEX's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
ChairmanAndrew Silvernail
Thematic IdeaMachinery (View all Themes)
Business ConcentrationIndustrial Machinery & Supplies & Components, Specialty Industrial Machinery, Industrials, NYSE Composite, SP 500 Index, Machinery, Industrials, Machinery, Specialty Industrial Machinery, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering IDEX report their recommendations after researching IDEX's financial statements, talking to executives and customers, or listening in on IDEX's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering IDEX. The IDEX consensus assessment is calculated by taking the average forecast from all of the analysts covering IDEX.
Financial Strength
Based on the key measurements obtained from IDEX's financial statements, IDEX Corporation may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of IDEX is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.06770.1016
Way Down
Slightly volatile
Asset Turnover0.960.5582
Way Up
Slightly volatile
Gross Profit Margin0.330.4419
Way Down
Slightly volatile
Net Debt831 M791.4 M
Sufficiently Up
Slightly volatile
Total Current Liabilities525.3 M500.3 M
Sufficiently Up
Slightly volatile
Non Current Liabilities Total1.9 B1.8 B
Sufficiently Up
Slightly volatile
Total Assets6.2 B5.9 B
Sufficiently Up
Slightly volatile
Total Current Assets1.5 B1.4 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities752.5 M716.7 M
Sufficiently Up
Slightly volatile
IDEX's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to IDEX's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
IDEX's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of IDEX's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand IDEX's financial leverage. It provides some insight into what part of IDEX's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on IDEX's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how IDEX deploys its capital and how much of that capital is borrowed.
Liquidity
IDEX cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 1.33 B in debt with debt to equity (D/E) ratio of 0.46, which is OK given its current industry classification. IDEX has a current ratio of 3.17, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist IDEX until it has trouble settling it off, either with new capital or with free cash flow. So, IDEX's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like IDEX sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for IDEX to invest in growth at high rates of return. When we think about IDEX's use of debt, we should always consider it together with cash and equity.

Total Cash From Operating Activities

752.53 Million
IDEX Corporation (IEX) is traded on New York Stock Exchange in USA. It is located in 3100 Sanders Road, Northbrook, IL, United States, 60062 and employs 8,800 people. IDEX is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 18.31 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate IDEX's market, we take the total number of its shares issued and multiply it by IDEX's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. IDEX runs under Machinery sector within Industrials industry. The entity has 75.64 M outstanding shares of which 855.31 K shares are currently shorted by investors with about 1.66 days to cover. IDEX Corporation has about 430.2 M in cash with 716.7 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.63.
Check IDEX Probability Of Bankruptcy
Ownership Allocation
IDEX secures a total of 75.64 Million outstanding shares. The majority of IDEX outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in IDEX to benefit from reduced commissions. Thereupon, third-party entities are subject to a different set of regulations than regular investors in IDEX Corporation. Please pay attention to any change in the institutional holdings of IDEX as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check IDEX Ownership Details

IDEX Stock Price Odds Analysis

Based on a normal probability distribution, the odds of IDEX jumping above the current price in 90 days from now is about 6.3%. The IDEX Corporation probability density function shows the probability of IDEX stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.0634. This usually indicates IDEX Corporation market returns are sensitive to returns on the market. As the market goes up or down, IDEX is expected to follow. Additionally, iDEX Corporation has an alpha of 0.0717, implying that it can generate a 0.0717 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 245.09HorizonTargetOdds Above 245.09
93.63%90 days
 245.09 
6.30%
Based on a normal probability distribution, the odds of IDEX to move above the current price in 90 days from now is about 6.3 (This IDEX Corporation probability density function shows the probability of IDEX Stock to fall within a particular range of prices over 90 days) .

IDEX Stock Institutional Holders

Institutional Holdings refers to the ownership stake in IDEX that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of IDEX's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing IDEX's value.
InstituionRecorded OnShares
Barclays Plc2023-12-31
1.1 M
Champlain Investment Partners, Llc2023-12-31
1.1 M
Norges Bank2023-12-31
1.1 M
Amvescap Plc.2023-12-31
1.1 M
Jpmorgan Chase & Co2023-12-31
M
Goldman Sachs Group Inc2023-12-31
985.6 K
Brown Advisory Holdings Inc2023-12-31
910.9 K
Alecta Pensionsforsakring, Omsesidigt2023-12-31
781.2 K
Fenimore Asset Management Inc2023-12-31
775.1 K
Vanguard Group Inc2023-12-31
9.2 M
T. Rowe Price Associates, Inc.2023-12-31
7.4 M
View IDEX Diagnostics

IDEX Historical Income Statement

IDEX Corporation Income Statement is one of the three primary financial statements used for reporting IDEX's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of IDEX revenue and expense. IDEX Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, IDEX's Income Before Tax is fairly stable compared to the past year. Total Other Income Expense Net is likely to rise to about 29.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 374.8 M in 2024. View More Fundamentals

IDEX Stock Against Markets

Picking the right benchmark for IDEX stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in IDEX stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for IDEX is critical whether you are bullish or bearish towards IDEX Corporation at a given time. Please also check how IDEX's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in IDEX without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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IDEX Corporate Directors

IDEX corporate directors refer to members of an IDEX board of directors. The board of directors generally takes responsibility for the IDEX's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of IDEX's board members must vote for the resolution. The IDEX board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Mark ButhmanIndependent DirectorProfile
Livingston SatterthwaiteIndependent DirectorProfile
Carl ChristensonIndependent DirectorProfile
L WattsStanfieldIndependent DirectorProfile

How to buy IDEX Stock?

Before investing in IDEX, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in IDEX. To buy IDEX stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of IDEX. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase IDEX stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located IDEX Corporation stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased IDEX Corporation stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as IDEX Corporation, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy IDEX Stock please use our How to Invest in IDEX guide.

Already Invested in IDEX Corporation?

The danger of trading IDEX Corporation is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of IDEX is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than IDEX. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile IDEX is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether IDEX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IDEX's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Idex Corporation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Idex Corporation Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDEX Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the IDEX information on this page should be used as a complementary analysis to other IDEX's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running IDEX's price analysis, check to measure IDEX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IDEX is operating at the current time. Most of IDEX's value examination focuses on studying past and present price action to predict the probability of IDEX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IDEX's price. Additionally, you may evaluate how the addition of IDEX to your portfolios can decrease your overall portfolio volatility.
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Is IDEX's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of IDEX. If investors know IDEX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about IDEX listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.16)
Dividend Share
2.56
Earnings Share
7.84
Revenue Per Share
43.306
Quarterly Revenue Growth
(0.03)
The market value of IDEX is measured differently than its book value, which is the value of IDEX that is recorded on the company's balance sheet. Investors also form their own opinion of IDEX's value that differs from its market value or its book value, called intrinsic value, which is IDEX's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IDEX's market value can be influenced by many factors that don't directly affect IDEX's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IDEX's value and its price as these two are different measures arrived at by different means. Investors typically determine if IDEX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IDEX's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.