IDEX Corp (IEX) Stock AnalysisIEXStock AnalysisIDEX Corp

IDEX Corporation is a global applied solutions provider. The Company specializes in the manufacturing of health and science technologies, fluid and metering technologies, and fire, safety, and other diversified products. Its segments include Health & Science Technologies (HST), Fluid & Metering Technologies (FMT), and Fire & Safety/Diversified Products (FSDP). The HST segment designs, produces, and distributes a range of precision fluidics, positive displacement pumps, powder and liquid processing technologies, drying systems, micro-precision components, pneumatic components and sealing solutions. The FMT segment designs, produces, and distributes displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems and provides flow monitoring and other services. The FSDP segment designs, produces, and distributes firefighting pumps, valves and controls, rescue tools, lifting bags and other components. It operates in the Industrials sector (PUMPS & PUMPING EQUIPMENT industry).

IDEX Corp is a good buy right now due to its current price of $230.28, a forward P/E ratio of 26.81, and a gross margin of 46.36%. The recent 28% organic sales growth and a raised EPS guidance indicate strong future performance. However, the RSI is at 36.02, suggesting it is currently oversold, which presents a buying opportunity.

13 analysts cover IEX: 2 rate it Buy, 11 Hold and 0 Sell. The average price target is 191.17.