Idex Corp. Price Target Cut to $180 Amid Mixed Market Conditions

Idex Corp. has seen its price target reduced by DA Davidson to $180 from $215, with a continued Neutral rating. The adjustment follows the company's cut in its fiscal year 2025 forecast due to increased customer caution and product mix shifts. Idex operates in various sectors, including energy, space/defense, and food/pharma, but faces challenges in automotive, agriculture, and semiconductor industries. The company has a market capitalization of $11.98 billion and a beta of 0.99.

IDEX Corp. (NYSE: IEX) has seen its price target reduced by DA Davidson to $180 from $215, maintaining a Neutral rating. The adjustment follows the company's recent cut in its fiscal year 2025 forecast due to increased customer caution and product mix shifts. IDEX operates in various sectors, including energy, space/defense, and food/pharma, but faces challenges in automotive, agriculture, and semiconductor industries.

The research firm cited "incremental customer tentativeness" regarding inbound orders and expected mix headwinds as key factors behind the downward revision of its 2025 and 2026 estimates. DA Davidson noted that IDEX faces mixed end market conditions across its business segments, with strength in energy, space/defense, and food/pharmaceutical sectors being offset by weakness in automotive, agriculture, and semiconductor businesses. The company’s shares, currently trading at $157.68, have declined 23% year-to-date, though InvestingPro analysis suggests the stock may be undervalued.

IDEX Corporation reported its second-quarter 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share of $2.07, exceeding the forecasted $1.99. Additionally, IDEX’s revenue reached $865 million, higher than the anticipated $857.93 million. Despite these positive earnings results, Mizuho has lowered its price target for IDEX to $170 from $185, maintaining a Neutral rating on the stock. The reduction in the price target is attributed to ongoing market challenges such as tough conditions, extended destocking, and tariffs that have led to guidance cuts over the past two years.

The company's market capitalization stands at $11.98 billion, with a beta of 0.99, indicating its relative volatility compared to the broader market. IDEX's Chief Executive Officer, Eric D. Ashleman, expressed confidence in the company's sustainable value creation engine and balanced capital deployment strategy despite near-term volatility. The company expects GAAP diluted EPS of $6.30 - $6.44 for the full year 2025, based on expected full year organic sales growth of approximately 1%.

References:
[1] https://www.investing.com/news/analyst-ratings/da-davidson-lowers-idex-stock-price-target-to-180-on-mixed-market-conditions-93CH-4168196
[2] https://investors.idexcorp.com/news-releases/news-release-details/idex-reports-second-quarter-results-0