IDEX Corp
IEX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$815.00 | Ppm | Xcllmkgmd |
Idex Delivers Strong Q2 Results and Raises Full-Year EPS Guidance
We are maintaining our $222 fair value estimate for narrow-moat-rated Idex as nothing in its second-quarter results fundamentally alters our long-term outlook for the firm. Idex maintained its strong momentum in the second quarter, delivering a 15% year-over-year increase in adjusted EPS, from $1.75 to $2.02.