IDEX Corp
IEX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$818.00 | Fsglc | Wshbrpwdb |
Idex Is Well Positioned to Deliver Solid Growth in 2022 Despite Ongoing Supply Chain Disruptions
Narrow moat rated Idex’s fourth-quarter adjusted EPS of $1.55 fell $0.02 short of our expectations. While nothing in the cash compounder’s earnings release materially alters our long-term thesis, we’ve modestly bumped our fair value estimate for Idex to $220 from $216, mostly due to time value of money as well as reversing the implementation of a probability-weighted change in the U.S. statutory tax rate in our model.