IEX Stock Summary and Trading Ideas (Idex | NYSE:IEX)

Idex manufactures pumps, flow meters, valves, and fluidic systems for customers in a variety of end markets, including industrial, fire and safety, life science, and water. The firm's business is organized into three segments: fluid and metering technologies, health and science technologies, and fire and safety and diversified products. Based in Lake Forest, Illinois, Idex has manufacturing operations in over 20 countries and has over 7,000 employees. The company generated $3.3 billion in revenue in 2023.

Idex trades on the NYSE stock market under the symbol IEX.

As of December 13, 2024, IEX stock price declined to $223.00 with 420,691 million shares trading.

IEX has a beta of 0.83, meaning it tends to be less sensitive to market movements. IEX has a correlation of 0.24 to the broad based SPY ETF.

IEX has a market cap of $16.88 billion. This is considered a Large Cap stock.

Last quarter Idex reported $798 million in Revenue and $1.90 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.02.

In the last 3 years, IEX traded as high as $246.36 and as low as $172.19.

The top ETF exchange traded funds that IEX belongs to (by Net Assets): VTI, VOO, VB, VBR, MOAT.

IEX has underperformed the market in the last year with a price return of +8.1% while the SPY ETF gained +29.9%. However, in the short term, IEX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +12.0% vs +7.8% return in SPY. But in the last 2 weeks, IEX shares have been beat by the market, returning -3.3% compared to an SPY return of +0.3%.

IEX support price is $222.46 and resistance is $227.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IEX shares will trade within this expected range on the day.