Idex Corp Stock Today

IEX
 Stock
  

USD 231.06  0.77  0.33%   

Market Performance
10 of 100
Odds Of Distress
Less than 4
Idex Corp is trading at 231.06 as of the 30th of November 2022; that is -0.33 percent down since the beginning of the trading day. The stock's open price was 231.83. Idex Corp has only four percent chance of going through some form of financial distress over the next 2 years and had a ok performance during the last 90 days. Equity ratings for Idex Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of October 2022 and ending today, the 30th of November 2022. Click here to learn more.
CUSIP
45167R104
Fiscal Year End
December
Business Domain
Capital Goods
IPO Date
21st of June 1991
Category
Industrials
Classification
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 75.48 M outstanding shares of which 1.15 M shares are currently shorted by investors with about 2.14 days to cover. More on Idex Corp

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Follow Valuation Options Odds of Bankruptcy
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Idex Corp 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 Corp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Idex Corp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Idex Corp has a poor financial position based on the latest SEC disclosures
On 28th of October 2022 Idex Corp paid $ 0.6 per share dividend to its current shareholders
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 Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Idex Corp's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
ChairmanAndrew Silvernail
Average Analyst Recommendation
Analysts covering Idex Corp report their recommendations after researching Idex Corp's financial statements, talking to executives and customers, or listening in on Idex Corp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Idex Corp. The Idex Corp consensus assessment is calculated by taking the average forecast from all of the analysts covering Idex Corp.
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Idex Corp based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Idex Corp financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted92.1 M87.9 M
Sufficiently Up
Increasing
Stable
Weighted Average Shares85.3 M76 M
Moderately Up
Decreasing
Slightly volatile
Return on Average Assets8.89.6318
Significantly Down
Increasing
Slightly volatile
Net Cash Flow from Operations467.1 M565.3 M
Significantly Down
Increasing
Slightly volatile
Current Liabilities400 M480 M
Fairly Down
Increasing
Slightly volatile
Total Liabilities1.7 B2.1 B
Significantly Down
Increasing
Slightly volatile
Gross Margin41.644.2889
Notably Down
Increasing
Slightly volatile
Total Debt1.1 B1.2 B
Sufficiently Down
Increasing
Slightly volatile
Asset Turnover0.710.5926
Fairly Up
Decreasing
Slightly volatile
Current Assets1.3 B1.7 B
Significantly Down
Increasing
Slightly volatile
Total AssetsB4.9 B
Significantly Down
Increasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Idex Corp's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyUndervalued
Financial Strength
Idex Corp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Idex Corp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
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 Corp's financial leverage. It provides some insight into what part of Idex Corp's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Idex Corp'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 Corp deploys its capital and how much of that capital is borrowed.
Liquidity
Idex Corp 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 1.3 B in debt with debt to equity (D/E) ratio of 0.46, which is OK given its current industry classification. Idex Corp 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 Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Idex Corp'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 Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Idex Corp to invest in growth at high rates of return. When we think about Idex Corp's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

467.08 Million
Idex Corp (IEX) is traded on New York Stock Exchange in USA and employs 7,536 people. The company currently falls under 'Large-Cap' category with total capitalization of 16.42 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Idex Corp's market, we take the total number of its shares issued and multiply it by Idex Corp'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 these looking for more risk prefer small-cap and mid-cap equities. Idex Corp runs under Industrials sector within Specialty Industrial Machinery industry. The entity has 75.48 M outstanding shares of which 1.15 M shares are currently shorted by investors with about 2.14 days to cover. Idex Corp has about 726 M in cash with 553.2 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.63.
Check Idex Corp Probability Of Bankruptcy
Ownership
Idex Corp has a total of seventy-five million four hundred eighty thousand outstanding shares. The majority of Idex Corp outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in Idex Corp to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in Idex Corp. Please pay attention to any change in the institutional holdings of Idex Corp as this could imply that something significant has changed or about to change at the company. Also note that almost three million seven hundred seventy-four thousand invesors are currently shorting Idex Corp expressing very little confidence in its future performance.

Ownership Allocation (%)

Check Idex Corp Ownership Details

Idex Corp Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Idex Corp jumping above the current price in 90 days from now is about 6.79%. The Idex Corp probability density function shows the probability of Idex Corp stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Idex Corp has a beta of 0.9563. This usually indicates Idex Corp market returns are sensitive to returns on the market. As the market goes up or down, Idex Corp is expected to follow. Additionally, the company has an alpha of 0.1181, implying that it can generate a 0.12 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 231.06HorizonTargetOdds Above 231.06
93.14%90 days
 231.06 
6.79%
Based on a normal probability distribution, the odds of Idex Corp to move above the current price in 90 days from now is about 6.79 (This Idex Corp probability density function shows the probability of Idex Corp Stock to fall within a particular range of prices over 90 days) .

Idex Corp Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Idex Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Idex Corp'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 Corp's value.
InstituionSecurity TypeTotal SharesValue
Zurcher Kantonalbank Zurich CantonalbankCommon Shares120.2 K21.8 M
Zurcher Kantonalbank Zurich CantonalbankCommon Shares92.9 K17.8 M
View Idex Corp Diagnostics

Idex Corp Historical Income Statement

Idex Corp Income Statement is one of the three primary financial statements used for reporting Idex Corp'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 Corp revenue and expense. Idex Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Idex Corp Interest Expense is fairly stable at the moment as compared to the past year. Idex Corp reported Interest Expense of 41 Million in 2021. Operating Expenses is likely to rise to about 614.7 M in 2022, whereas Direct Expenses is likely to drop slightly above 1.3 B in 2022. View More Fundamentals

Idex Corp Stock Against Markets

Picking the right benchmark for Idex Corp 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 Corp 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 Corp is critical whether you are bullish or bearish towards Idex Corp at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Idex Corp 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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Analyst Recommendations

Analyst recommendations and target price estimates broken down by several categories
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Idex Corp Corporate Directors

Idex Corp corporate directors refer to members of an Idex Corp board of directors. The board of directors generally takes responsibility for the Idex Corp'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 Corp's board members must vote for the resolution. The Idex Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Mark Buthman - Independent DirectorProfile
L WattsStanfield - Independent DirectorProfile
David Parry - Independent DirectorProfile
Ernest Mrozek - Independent DirectorProfile

Invested in Idex Corp?

The danger of trading Idex Corp 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 Corp 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 Corp. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Idex Corp 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.
Please see Risk vs Return Analysis. Note that the Idex Corp information on this page should be used as a complementary analysis to other Idex Corp'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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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When running Idex Corp price analysis, check to measure Idex Corp'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 Corp is operating at the current time. Most of Idex Corp's value examination focuses on studying past and present price action to predict the probability of Idex Corp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Idex Corp's price. Additionally, you may evaluate how the addition of Idex Corp to your portfolios can decrease your overall portfolio volatility.
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Is Idex Corp'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 Corp. If investors know Idex Corp 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 Corp 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 YOY
0.56
Market Capitalization
17.5 B
Quarterly Revenue Growth YOY
0.16
Return On Assets
0.0954
Return On Equity
0.21
The market value of Idex Corp is measured differently than its book value, which is the value of Idex Corp that is recorded on the company's balance sheet. Investors also form their own opinion of Idex Corp's value that differs from its market value or its book value, called intrinsic value, which is Idex Corp'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 Corp's market value can be influenced by many factors that don't directly affect Idex Corp'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 Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Idex Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Idex Corp'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.