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IDEX Corporation (IEX) Stock Price, News & Analysis

Currency in USD Disclaimer
$195.14 -$1.27 (-0.65%)
$195.1
$197
$183.77
$246.36

Stock Score/grades

The Stock Score/Grades evaluate bankruptcy risk and assess the financial strength and fundamental health of a company


  • Altman Z Score 6.03
  • Piotroski Score 6.00
  • Grade Outperform

Company brief: IDEX Corporation (IEX)


IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries. The HST segment designs, produces, and distributes precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction and drying systems, pneumatic components and sealing solutions, high performance molded and extruded sealing components, custom mechanical and shaft seals, engineered hygienic mixers and valves, biocompatible medical devices and implantables, air compressors and blowers, optical components and coatings, laboratory and commercial equipment, precision photonic solutions, and precision gear and peristaltic pump technologies. This segment serves food and beverage, pharmaceutical and biopharmaceutical, cosmetics, marine, chemical, wastewater and water treatment, life sciences, research, and defense markets. The FSDP segment designs, produces, and distributes firefighting pumps, valves and controls, rescue tools, lifting bags, and other components and systems for the fire and rescue industry; engineered stainless steel banding and clamping devices for various industrial and commercial applications; and precision equipment for dispensing, metering, and mixing colorants and paints used in retail and commercial businesses. IDEX Corporation was incorporated in 1987 and is headquartered in Northbrook, Illinois.

Morningstar - News Details (View)

Details

  • Quant star rating 3
  • A 3-star rating suggests average performance compared to other similar companies.

  • Quant star rating date 07/02/2024
  • Quant economic moat label Narrow
  • Quant economic moat date 07/03/2024
  • The economic moat refers to the competitive advantage a company has over its competitors. A narrow moat suggests that the company has a less sustainable competitive advantage compared to those with wider moats.

  • Price over quant fair value $0.93
  • Price over quant fair value date 07/03/2024
  • Quant fair value $209.15
  • Quant valuation Undervalued
  • Quant fair value date 07/03/2024
  • This ratio indicates whether the stock is trading above (greater than 1) or below (less than 1) its fair value as determined by Morningstar's quantitative analysis. A ratio of 0.94 suggests the stock is currently trading at a slight discount (undervalued).

  • Quant fair value uncertainty label Medium
  • Moderate uncertainty in fair value estimates suggests some potential volatility in the stock price. It is advisable for investors to consider their risk tolerance and investment horizon while evaluating stocks with this level of uncertainty.

  • One star price $236.62
  • Quant fair value uncertainty date 07/03/2024
  • These price estimates indicate the price levels at which Morningstar would consider the stock significantly overvalued (one-star) or undervalued (five-star) based on their analysis.

  • One star price date 07/03/2024
  • Five star price $184.86
  • Five star price date 07/03/2024
  • Quant financial health label Strong
  • Quant financial health date 07/03/2024
  • Moderate financial health suggests stability but also indicates potential risks. Evaluate the company's ability to manage its financial obligations and fund growth initiatives.

Investment Considerations:

Valuation vs. Price: The stock is currently considered undervalued relative to its fair value, which could present a buying opportunity if you believe in Morningstar's valuation methodology.

Moat and Competitive Position: The narrow economic moat indicates less sustainable competitive advantages. Consider whether the company's business model and market position align with your investment goals.

Financial Health: Moderate financial health suggests stability but also indicates potential risks. Evaluate the company's ability to manage its financial obligations and fund growth initiatives.

Uncertainty: High uncertainty in fair value estimates implies potential volatility in the stock price. Factor in your risk tolerance and investment horizon when assessing this uncertainty.


Company Calendar


  • 06/20/2024
  • 07/12/2024
  • 07/26/2024
  • N/A
  • 07/31/2024
  • N/A

Price Target and Rating


  • $236.50
  • $265.00
  • $205.00
  • N/A
  • Buy
  • N/A
  • N/A

Profitability


  • $7.61
  • 26.52
  • 26.52
  • 26.52
  • $596.10 M

Key Stats

Key stats represent essential financial metrics and indicators used to evaluate a company's performance and potential investment opportunities.


Latest News of IEX

The Latest News section aggregates recent news posts from various news outlets, offering a comprehensive overview of the most recent developments related to the topic.


Moderate uncertainty in fair value estimates suggests some potential volatility in the stock price. It is advisable for investors to consider their risk tolerance and investment horizon while evaluating stocks with this level of uncertainty.
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