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Valued at a market capitalization of $12.8 billion, IDEX Corporation (IEX) is a diversified industrial technology company known for producing highly engineered components and mission-critical solutions used across niche applications. The Illinois-based company’s businesses span fluid and metering technologies, health and science technologies, and fire, safety, and rescue equipment.
IDEX has faced challenges in the stock market. The stock is down 25% over the past year and has fallen 18.5% year-to-date, putting it well behind the S&P 500 Index ($SPX), which has gained 11% and 12.3% over the same periods, respectively.