IDEX Announces CFO Resignation and Interim Appointment

An update from IDEX ( (IEX) ) is now available.

IDEX Corporation announced the resignation of its Senior Vice President and Chief Financial Officer, Abhishek Khandelwal, effective May 30, 2025. The company has appointed Akhil Mahendra as the interim CFO, who has been with IDEX for two years and previously worked at Rivian Automotive and Morgan Stanley. This transition is not due to any disagreements within the company, and an external search firm has been engaged to find a permanent replacement. The board has approved a restricted stock award for Mahendra, which will vest after three years, contingent on his continued service.

The most recent analyst rating on (IEX) stock is a Hold with a $220.00 price target. To see the full list of analyst forecasts on IDEX stock, see the IEX Stock Forecast page.

Spark’s Take on IEX Stock

According to Spark, TipRanks’ AI Analyst, IEX is a Outperform.

IDEX Corporation demonstrates strong financial performance with low leverage and efficient cash flow management. The technical analysis suggests mixed signals with potential short-term pressure, while valuation indicates a potentially overvalued stock. The recent earnings call highlights resilience despite sector challenges, supporting a moderately positive outlook.

To see Spark’s full report on IEX stock, click here.

More about IDEX

Average Trading Volume: 689,593

Technical Sentiment Signal: Sell

Current Market Cap: $14.35B

Find detailed analytics on IEX stock on TipRanks’ Stock Analysis page.