Attractive Sector Valuations Drive Interest Towards IDEX Corporation (IEX)

Group 1 - IDEX Corporation (NYSE:IEX) is recognized as one of the 15 best industrial machinery and supplies stocks to buy according to hedge funds, with a strongly bullish sentiment as of February 3 [1] - The stock has received coverage from 4 analysts, all assigning Buy ratings, with a median 1-year price target of $208.25 based on consensus [1] - RBC Capital analyst Deane Dray revised the price target for IDEX from $195 to $211, maintaining an Outperform rating based on optimistic views for the upcoming fourth-quarter results [2] Group 2 - IDEX Corporation operates through three business segments: Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products, structured around 50 decentralized businesses [3] - The company offers high-impact products along with operational efficiency, benefiting from several multi-year tailwinds such as megaprojects, datacenter momentum, energy transition, and reshoring [2]