IDEX Corp

IEX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$993.00	Wjd	Kylbrjhq

Idex: Upgrading Moat Rating to Wide and Raising Fair Value Estimate

Krzysztof Smalec

Aug 30, 2024

After taking a fresh look at Idex, we are upgrading our moat rating to wide from narrow, based on switching costs and intangible assets. We’ve raised our fair value estimate to $222 per share from $214, which reflects the moat upgrade, partially offset by our slightly more conservative revenue growth projections.

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