IDEX stock: buy or sell?

IEX stock price: $165.55 0.95% At close on August 19th, 2019

Updated on:
August 19th, 2019

4

IDEX shares gained 0.95% to $165.55 today. Monday was the 3rd green session in a row, soaring 2.85%.

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?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, IDEX stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is IDEX stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we gathered 6 ratings published for IEX stock in the last 30 days.

Is IEX a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
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
2019-1-30Boenning Scattergoodn/aHold

IDEX stock analysis

Daily outlook

IDEX shares gained 0.95% to $165.55 today.

Shares of IDEX gained a slightly fine 0.95% and closed at $165.55. Since last May when SMA100d and SMA200d crossed up, IEX price gained $10.51 per share (6.78%). On Aug/8 IEX price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock. On July, IEX hit new all time highs, pushing higher previous ATH of $172.03 recorded on June. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

IEX stock chart (daily)

Weekly outlook

IDEX shares inched 0.95% this week, ending at $165.55. For 3 weeks in a row, price soared and marked a profit of 2.35%.

IEX shows a long term strength with several rising tops and rising bottoms. It left a new bottom at $154.57 early August. Previous top ($173.33) will play as a resistance in possible new gains. Not so far away is the last price record IDEX marked early July. Late April, SMA20w and SMA40w crossed up triggering a rise of 6.38%. Early February IEX price bounced up over the SMA of 40 weeks that acted as support stopping new slides.

IEX stock chart (weekly)

IDEX stock price history

IDEX stock went public on June 2nd, 1989 with a price of $1.961. Since then, IEX stock grew a 8,346.40%, with an average of 278.20% per year. If you had invested $1,000 in IDEX stock in 1989, it would worth $83,464.00 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 $173.33.

IDEX stock price target is $173.00

Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We detected 3 price forecasts for IEX stock published in the last month:
IEX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
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$173.006.0%
Moving in a range from $200.00 and $157.00, the price target for IEX stock is $173.00. In average, analysts' outlook on IEX price target is positive, improving the prediction by a 6.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since April, when IDEX presented its last earnings report, it raised a nice 6.38%. 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 revenues report draw a great increase of 8.58% to $2,483.67 million USD. When comparing 2018 vs 2017, improving that, profit margin (that is, the net income divided by revenues) inched a 1.79% to 16.53%.

IDEX fiscal year ends in December, and to evaluate 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 earnings $421.88 M USD. If we compare this TTM figures with the last reported annuality, we can review IDEX business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, remained constant a tight 0.40%. Regarding profit margin, IDEX stayed steady 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% improvement compared to previous quarter. Reported quarter earnings marked $110.27 M with a profit margin of 17.72%. Profit margin stepped up a 1.74% compared to previous quarter when profit margin was 15.98%. When comparing revenues to same quarter last year, IDEX sales marked a tiny gain 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 a stock, it's 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$12.5 B$3.1 B$13.3 B$5.6 B$7.6 B
Total shares75.8 M117.3 M145.3 M131.1 M166.5 M
Float shares75.5 M83.5 M143.4 M130.9 M164.8 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

Monday, August 19th, 2019
Open$166.29
Close$165.55
Day range$164.06 - $166.29
Previous close$164.00
Session gain0.95%
Average true range$4.16
50d mov avg$165.49
100d mov avg$159.63
200d mov avg$147.95
Daily patternlt02a
Weekly pattern lb03a

IDEX performance

To measure stock performance is always good to benchmark with competitors or related stocks. For IDEX, the benchmark is made against Colfax, Dover, Flowserve, Graco, Gorman-Rupp, ITT, Parker-Hannifin, Roper Technologies and Xylem.
Stock3m6m12m
IEXIDEX8.58%15.24%10.65%
CFXColfax7.10%0.04%-21.03%
DOVDover0.86%-0.18%10.63%
FLSFlowserve-11.91%-7.56%-16.03%
GGGGraco-3.97%-2.30%0.33%
GRCGorman-Rupp-1.77%-10.40%-16.21%
ITT -1.38%-1.89%-3.96%
PHParker-Hannifin4.46%-5.44%-1.79%
ROPRoper Technologie...4.27%14.58%22.91%
XYLXylem4.36%3.14%3.11%

IDEX competitors

We picked a few stocks to conform a list of IDEX competitors to examine if you are interested in investing in IEX:

Latest IDEX stock news