Shares rose 1.13% to $218.19 on Wednesday as the S&P 500 gained 1.46% and the Dow added 1.24% in a broad market rally.
Despite the gain, IDEX underperformed peers including Otis Worldwide, Mettler-Toledo and Ametek, which posted larger percentage increases during the session.
The stock finished 2.53% below its 52-week high of $223.85 reached on 29 April, while trading volume of 731,016 stayed below its 50-day average.
IDEX's earnings beat forecasts, so why does one analyst firm recommend selling the stock due to weak core business growth?
Is a hidden leadership talent gap the real reason some manufacturing giants are falling behind in a booming industrial market?