IDEX stock: buy or sell?

IEX stock price: $163.23 1.85% At close on December 6th, 2019

Updated on:
December 6th, 2019

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After crossing up the SMA line of 200 days yesterday, IDEX closed today at $163.23, soared a 1.85%.

IDEX Corporation, through its subsidiaries, provides various pumps, valves, flow meters, other fluidics systems and components, and engineered products worldwide.

Should I buy IDEX stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Only 1 of our buy setups matches with IDEX stock now:

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MAYes
100d MA crossing up 200d MANo

Is IDEX stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we gathered 6 ratings published for IEX stock in the last month.

Is IEX a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-30Citigroupn/aNeutral
2019-7-29Stifel Nicolausn/aHold
2019-7-23Wells Fargo & Con/aOutperform
2019-7-15Stifel Nicolausn/aHold
2019-5-8Oppenheimern/aHold
2019-3-29Janney Montgomery ScottBuyNeutral

IDEX stock analysis

Daily outlook

After crossing up the SMA line of 200 days yesterday, IDEX closed at $163.23.

After crossing up the simple moving average line of 200d yesterday, IDEX shares closed at $163.23, soared a 1.85%.

IEX stock chart (daily)

Weekly outlook

IDEX shares stayed steady 0.30% this week, ending at $163.23.

The downtrend marked by IEX has left successive declining tops and bottoms. If the support holds the price, this might mark a double bottom pattern and create a flat-base to reverse this downtrend. Far behind is the all-time high IDEX hit early July but price is just -5.53% below that top. Late April, SMA20w and SMA40w crossed up triggering a rise of 5.22%. Since price and SMA40w lines crossed up early February, IEX climbed $26.45 (19.34%).

IEX stock chart (weekly)

IDEX stock price history

IDEX IPO was on June 2nd, 1989 at $0.00 per share1. Since then, IEX stock surged a inf%, with an average of inf% per year. If you had invested right after IEX's IPO a $1,000 in IDEX stock in 1989, it would worth $inf today.

1: Adjusted price after possible price splits or reverse-splits.

IDEX stock historical price chart

IEX stock reached all-time highs on July with a price of $172.78.

IDEX stock price target is $173.50

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We found 4 price forecasts for IDEX stock released in the last 30 days:
IEX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-30CitigroupInitiatesn/a$175.00-
2019-7-29Stifel NicolausRaises Target$157.00$162.003.2%
2019-7-23Wells Fargo & CoReiterates$180.00$200.0011.1%
2019-7-15Stifel NicolausRaises Target$153.00$157.002.6%
(in average)$163.30$173.506.0%
The price target for IDEX stock is $173.50, moving in a range between $200.00 and $157.00. In average, analysts' outlook on IEX price target is positive, increasing the prediction by a 6.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since April, when IDEX published its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
IEX earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.08n/a
2017-Q32017-10-161.061.081.9%
2017-Q42018-01-291.081.123.7%
2018-Q12018-04-301.241.294.0%
2018-Q22018-07-241.311.46.9%
2018-Q32018-10-231.311.417.6%
2018-Q42019-01-291.271.313.1%
2019-Q12019-04-291.37n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a pretty good increase of 8.58% to $2,483.67 M USD. When comparing 2018 vs 2017, by contrast, profit margin (that is, the net income divided by revenues) stepped up a 1.79% to 16.53%.

IDEX fiscal year ends in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, IDEX TTM sales up to March 2019 were $2,493.57 and income $421.88 M dollars. If we compare this TTM figures with the last reported annuality, we can esteem IDEX business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, stayed stable a tight 0.40%. Regarding profit margin, IDEX remained stable 0.39% to 16.53%

IEX annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$2,020 M-$255 M12.6%-
2014$2,148 M6.33%$279 M13.0%9.47%
2015$2,021 M-5.92%$283 M14.0%1.22%
2016$2,113 M4.57%$271 M12.8%-4.14%
2017$2,287 M8.25%$337 M14.7%24.40%
2018$2,484 M8.58%$411 M16.5%21.74%
TTM $2,494 M0.40%$422 M16.9%2.75%

Quarterly financial results

IDEX reported $622.23 M in revenues for 2019-Q1, a 1.33% up compared to previous quarter. Reported quarter income marked $110.27 million with a profit margin of 17.72%. Profit margin gained a 1.74% compared to previous quarter when profit margin was 15.98%. When comparing sales to same quarter last year, IDEX sales marked a tiny growth and appreciated a 1.62%.
IEX quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$573 M-$84 M14.6%-
2017-Q3$574 M0.20%$84 M14.6%-0.08%
2017-Q4$586 M1.99%$94 M16.0%11.91%
2018-Q1$612 M4.51%$99 M16.2%5.56%
2018-Q2$634 M3.60%$107 M16.9%8.25%
2018-Q3$623 M-1.81%$106 M17.1%-0.72%
2018-Q4$614 M-1.41%$98 M16.0%-7.72%
2019-Q1$622 M1.33%$110 M17.7%12.36%

IDEX ownership

When you are planning to buy shares of a stock, it's always worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For IDEX, 0.46% of all outstanding shares are owned by its staff.

Bearish positions for IEX stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to IDEX:

IEXCFXDOVFLSGGG
Market cap$12.4 B$4.1 B$16.4 B$6.3 B$8.2 B
Total shares76.1 M117.8 M145.3 M130.9 M166.8 M
Float shares75.7 M94.3 M143.2 M130.6 M164.9 M
  - Institutional holdings (%)97.2%19.9%90.7%106.7%87.0%
  - Insider holdings (%)0.5%57.1%2.6%0.3%1.1%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

IDEX summary

Friday, December 6th, 2019
Open$162.35
Close$163.23
Day range$162.00 - $164.32
Previous close$160.27
Session gain1.85%
Average true range$2.31
50d mov avg$159.51
100d mov avg$161.97
200d mov avg$158.46
Daily pattern
Weekly pattern lt02a

IDEX performance

To better understand IDEX performance you must becnhmark its gains with other related stocks in same sector or industry. For IDEX, the benchmark is made against Colfax, Dover, Flowserve, Graco, Gorman-Rupp, ITT, Parker-Hannifin, Roper Technologies and Xylem.
Stock3m6m12m
IEXIDEX-3.02%1.64%23.68%
CFXColfax21.64%28.98%51.19%
DOVDover18.85%18.37%44.53%
FLSFlowserve9.83%-1.53%7.91%
GGGGraco6.34%-0.41%18.60%
GRCGorman-Rupp24.03%22.27%18.46%
ITT 21.61%18.06%42.17%
PHParker-Hannifin17.17%23.49%31.44%
ROPRoper Technologie...-7.54%-4.99%22.25%
XYLXylem-3.65%-4.75%16.11%

IDEX competitors

One check before investing in any stock is to review a list of its competitors, in this case for IDEX. We selected 9 companies as IDEX competitors as they are in the same industry or have similar market objectives.

Latest IDEX stock news