IDEX Corp
IEX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$847.00 | Jyhj | Vpgbgvqsvv |
Idex Posts Solid Q4 Results but 2023 Outlook Reflects Macroeconomic Uncertainty
Narrow-moat-rated Idex ended 2022 with a solid fourth quarter, as its adjusted EPS of $2.01 beat our estimate by $0.06. After rolling our model forward one year, we’ve lowered our fair value estimate for Idex to $225 from $229, which reflects our slightly more muted near-term revenue growth and operating margin projections.