Is IDEX Stock Underperforming the Nasdaq?

Company Overview - IDEX Corporation (IEX) is an applied solutions company with a market cap of $12.1 billion, specializing in fluid and metering technologies, health and science technologies, and fire and safety products [1][2] Stock Performance - IDEX's stock has decreased by 32.4% from its 52-week high of $238.22 on November 6, 2024, and has dropped 8% over the past three months, underperforming the Nasdaq Composite's 15.8% increase during the same period [3] - Year-to-date, IDEX's stock has declined by 23.1%, and over the past 52 weeks, it has fallen by 23.5%, significantly lagging behind the Nasdaq's gains of 17.2% in 2025 and 25.6% over the past year [4] - The stock has consistently traded below its 200-day moving average since early February and mostly below its 50-day moving average since mid-December 2024, indicating bearish momentum [4] Financial Results - In Q2, IDEX reported net sales of $865.4 million, a 7.2% year-over-year increase, surpassing expectations by nearly 1%. The adjusted EPS was $2.07, exceeding consensus estimates by 3.5%. However, the company's full-year guidance did not meet market expectations, leading to an 11.3% drop in stock price following the earnings release [5] Peer Comparison - Compared to its peer AMETEK, Inc. (AME), IDEX's performance appears weaker, with AMETEK showing a 4.2% increase in 2025 and 9.1% gains over the past 52 weeks [6]