DA Davidson on IDEX Corp (IEX): 'tracking well' compared to initial 2026 EPS guide

DA Davidson analyst Matt Summerville reiterated a Neutral rating and $195.00 price target on IDEX Corp (NYSE: IEX)

The analyst commented, "Last week, we hosted two days of in-person and virtual meetings with Eric Ashleman (CEO), Sean Gillen (CFO) and Jim Giannakouros (VP, IR). In short, we came away with a better understanding of IEX’s go forward playbook for M&A, inclusive of a more singles and doubles approach, whilst IEX continues to experience healthy demand within its advantaged end markets (DCs, space and defense, semicon, and water/wastewater). While some areas of exposure within FMT/FSDP remain pressured, we’re under the impression that end markets inclusive of Ag, Chemical, and Energy are seeing sequential stabilization. To this end, absent a demand shock from geo/macro events, we believe IEX is tracking well relative to its initial 2026 EPS guidance after several challenged years for the company as it dealt with the COVIDrelated life sciences overhang while simultaneously integrating its largest acquisitions to date."

For an analyst ratings summary and ratings history on IDEX Corp click here. For more ratings news on IDEX Corp click here.

Shares of IDEX Corp closed at $184.11 yesterday.

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