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IDEX Corporation (IEX) is a leading specialty industrial machinery business with stocks listed in the US. It opened the day at US$221.35 after a previous close of US$220.01. During the day the price has varied from a low of USD218.34 to a high of USD221.835. The latest price was USD220.25 (25 minute delay). IDEX Corporation is listed on the NYSE. All prices are listed in US Dollars.
How to buy shares in IDEX Corporation
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for IDEX Corporation. Find the share by name or ticker symbol: IEX. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until IDEX Corporation reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$225.39, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of IDEX Corporation, depending on your broker.
- Check in on your investment. Congratulations, you own a part of IDEX Corporation. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- IDEX Corporation key stats
- Compare share trading platforms
- Is IDEX Corporation stock a buy or sell?
- IDEX Corporation performance over time
- Can I short IDEX Corporation shares?
- Is IDEX Corporation suitable for ethical investing?
- Are IDEX Corporation shares over-valued?
- IDEX Corporation's financials
- How volatile are IDEX Corporation shares?
- Does IDEX Corporation pay a dividend?
- Have IDEX Corporation shares ever split?
- Other common questions
IDEX Corporation share priceUse our graph to track the performance of IEX stocks over time.
IDEX Corporation shares at a glance
|52-week range||US$144.3085 - US$235.1814|
|50-day moving average||US$223.5317|
|200-day moving average||US$205.7981|
|Dividend yield||US$2.04 (0.92%)|
|Earnings per share (TTM)||US$5.09|
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Is it a good time to buy IDEX Corporation stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
IDEX Corporation price performance over time
|1 week (2021-06-04)||-2.28%|
|1 month (2021-05-12)||0.93%|
|3 months (2021-03-12)||10.48%|
|6 months (2020-12-11)||14.16%|
|1 year (2020-06-12)||44.34%|
|2 years (2019-06-12)||37.40%|
|3 years (2018-06-12)||53.77%|
|5 years (2016-06-10)||156.28%|
Is IDEX Corporation under- or over-valued?
Valuing IDEX Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of IDEX Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
IDEX Corporation's P/E ratio
IDEX Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 43x. In other words, IDEX Corporation shares trade at around 43x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
IDEX Corporation's PEG ratio
IDEX Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.8146. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into IDEX Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
IDEX Corporation's EBITDA
IDEX Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$641.4 million.
The EBITDA is a measure of a IDEX Corporation's overall financial performance and is widely used to measure a its profitability.
IDEX Corporation financials
|Revenue TTM||US$2.4 billion|
|Operating margin TTM||23.09%|
|Gross profit TTM||US$1 billion|
|Return on assets TTM||8.27%|
|Return on equity TTM||16.05%|
|Market capitalisation||US$16.7 billion|
TTM: trailing 12 months
Shorting IDEX Corporation shares
There are currently 1.0 million IDEX Corporation shares held short by investors – that's known as IDEX Corporation's "short interest". This figure is 1.8% down from 1.0 million last month.
There are a few different ways that this level of interest in shorting IDEX Corporation shares can be evaluated.
IDEX Corporation's "short interest ratio" (SIR)
IDEX Corporation's "short interest ratio" (SIR) is the quantity of IDEX Corporation shares currently shorted divided by the average quantity of IDEX Corporation shares traded daily (recently around 462991.36363636). IDEX Corporation's SIR currently stands at 2.2. In other words for every 100,000 IDEX Corporation shares traded daily on the market, roughly 2200 shares are currently held short.
However IDEX Corporation's short interest can also be evaluated against the total number of IDEX Corporation shares, or, against the total number of tradable IDEX Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case IDEX Corporation's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 IDEX Corporation shares in existence, roughly 10 shares are currently held short) or 0.0151% of the tradable shares (for every 100,000 tradable IDEX Corporation shares, roughly 15 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against IDEX Corporation.
Find out more about how you can short IDEX Corporation stock.
IDEX Corporation's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like IDEX Corporation.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
IDEX Corporation's total ESG risk score
Total ESG risk: 40.31
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and IDEX Corporation's overall score of 40.31 (as at 12/31/2018) is pretty weak – landing it in it in the 74th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like IDEX Corporation is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
IDEX Corporation's environmental score
Environmental score: 15.4/100
IDEX Corporation's environmental score of 15.4 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that IDEX Corporation is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
IDEX Corporation's social score
Social score: 19.56/100
IDEX Corporation's social score of 19.56 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that IDEX Corporation is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
IDEX Corporation's governance score
Governance score: 12.35/100
IDEX Corporation's governance score puts it squarely in the 7th percentile of companies rated in the same sector. That could suggest that IDEX Corporation is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
IDEX Corporation's controversy score
Controversy score: 1/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. IDEX Corporation scored a 1 out of 5 for controversy – the highest score possible, reflecting that IDEX Corporation has managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
|Total ESG score||40.31|
|Total ESG percentile||74.38|
|Environmental score percentile||7|
|Social score percentile||7|
|Governance score percentile||7|
|Level of controversy||1|
IDEX Corporation share dividends
Dividend payout ratio: 37.92% of net profits
Recently IDEX Corporation has paid out, on average, around 37.92% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.98% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), IDEX Corporation shareholders could enjoy a 0.98% return on their shares, in the form of dividend payments. In IDEX Corporation's case, that would currently equate to about $2.04 per share.
While IDEX Corporation's payout ratio might seem fairly standard, it's worth remembering that IDEX Corporation may be investing much of the rest of its net profits in future growth.
IDEX Corporation's most recent dividend payout was on 27 May 2021. The latest dividend was paid out to all shareholders who bought their shares by 20 May 2021 (the "ex-dividend date").
Have IDEX Corporation's shares ever split?
IDEX Corporation's shares were split on a 3:2 basis on 21 May 2007. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your IDEX Corporation shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for IDEX Corporation shares which in turn could have impacted IDEX Corporation's share price.
IDEX Corporation share price volatility
Over the last 12 months, IDEX Corporation's shares have ranged in value from as little as US$144.3085 up to US$235.1814. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while IDEX Corporation's is 1.088. This would suggest that IDEX Corporation's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
IDEX Corporation overview
IDEX Corporation, together with its subsidiaries, operates as an applied solutions company 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 provides precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction, and drying systems for use in beverage, food processing, pharmaceutical, and cosmetics; pneumatic components and sealing solutions, such as pumping solutions for analytical instrumentation, clinical diagnostics, and drug discovery; molded and extruded sealing components; custom mechanical and shaft seals; engineered hygienic mixers and valves; biocompatible medical devices and implantables; and air compressors. This segment also offers optical components and coatings for applications in the scientific research, defense, biotechnology, aerospace, telecommunications, and electronics manufacturing applications; laboratory and commercial equipment to produce micro and nano scale materials; precision photonic solutions; and precision gear and peristaltic pump technologies. The FSDP segment 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. The company was incorporated in 1987 and is headquartered in Northbrook, Illinois.
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