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Investing.com - Stifel lowered its price target on IDEX Corp (NYSE:IEX) stock to $191.00 from $204.00 on Monday, while maintaining a Buy rating on the industrial company. The $12.52 billion market cap company currently trades at a P/E ratio of 26.97x, with revenue growing at 4.73% over the last twelve months.
The firm described IDEX as "one of the highest-quality and well-managed mid-cap industrials out there," characterizing it as a cash-generating "machine" and a long-term serial compounder likely to generate above-market returns over time.
Stifel expects IDEX’s portfolio to demonstrate less cyclicality than multi-industry peers, noting the company’s "very strong balance sheet and high-quality management."
The research firm anticipates IDEX will return to growth with strong operating leverage, which should lead to double-digit organic earnings growth.
This earnings growth can be supplemented with capital deployment, according to Stifel’s analysis of the industrial company’s prospects.
In other recent news, IDEX Corporation reported its second-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share of $2.07, compared to the forecast of $1.99. The company’s revenue also exceeded projections, reaching $865 million against the anticipated $857.93 million. Additionally, IDEX announced an increase in its share repurchase authorization to $1 billion, up from approximately $440 million as of June 30, 2025. The company declared a quarterly cash dividend of $0.71 per share, marking its 124th consecutive quarterly dividend payment.
In terms of stock analysis, DA Davidson lowered its price target for IDEX to $180, citing incremental customer tentativeness and expected mix headwinds. Mizuho also reduced its price target to $170, pointing to operational concerns such as tough market conditions and tariffs. Both firms maintained a Neutral rating on the stock. These developments reflect the company’s ongoing challenges in the market, despite its recent financial performance.
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