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Based in Northbrook, Illinois, IDEX Corporation (IEX) provides applied solutions worldwide and specializes in a diverse range of applications, such as fluid and metering technologies, health and science technologies, and fire, safety, and other products. Valued at a market cap of $15.41 billion, the company serves various industries, including food and beverage, life sciences, and pharmaceuticals.
Shares of IEX have significantly underperformed the broader market over the past 52 weeks. IEX has declined 10% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 26.5%. In 2024, shares of IEX are down 5.9%, compared to SPX’s 17.6% gain on a YTD basis.