IDEX Corporation: A Bullish Outlook Amid Attractive Sector Valuations

IDEX Corporation (NYSE:IEX) is one of the 15 Best Industrial Machinery and Supplies stocks to buy according to Hedge Funds. Analysts have assigned Buy ratings, with a median 1-year price target of $208.25. Despite "sluggish and uneven demand," the analyst is optimistic due to multi-year tailwinds such as megaprojects, datacenter momentum, energy transition, and reshoring. The company delivers applied solutions globally through three business segments and offers high-impact products along with operational efficiency.