Zacks Research Issues Optimistic Estimate for IDEX Earnings

IDEX Co. (NYSE:IEX) – Stock analysts at Zacks Research boosted their FY2024 earnings per share (EPS) estimates for shares of IDEX in a research report issued on Monday, November 25th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings of $7.87 per share for the year, up from their previous forecast of $7.86. The consensus estimate for IDEX’s current full-year earnings is $7.88 per share. Zacks Research also issued estimates for IDEX’s Q2 2025 earnings at $2.17 EPS and Q2 2026 earnings at $2.37 EPS.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The business had revenue of $798.20 million during the quarter, compared to analysts’ expectations of $793.05 million. During the same period in the previous year, the business earned $2.12 earnings per share. The business’s revenue was up .6% compared to the same quarter last year.

Several other equities analysts also recently weighed in on IEX. Stifel Nicolaus raised their target price on IDEX from $232.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Oppenheimer decreased their price objective on IDEX from $245.00 to $238.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Argus cut shares of IDEX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Royal Bank of Canada boosted their price target on shares of IDEX from $236.00 to $248.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird decreased their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $241.14.

IDEX Stock Performance

IEX opened at $232.02 on Wednesday. The firm’s fifty day simple moving average is $215.75 and its two-hundred day simple moving average is $207.86. IDEX has a 52-week low of $189.51 and a 52-week high of $246.36. The company has a market cap of $17.57 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 2.46 and a beta of 0.96. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54.

Institutional Trading of IDEX

A number of hedge funds and other institutional investors have recently modified their holdings of IEX. Boston Trust Walden Corp raised its stake in shares of IDEX by 3.3% in the 2nd quarter. Boston Trust Walden Corp now owns 223,892 shares of the industrial products company’s stock valued at $45,047,000 after acquiring an additional 7,222 shares during the period. D. E. Shaw & Co. Inc. raised its position in IDEX by 247.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 198,170 shares of the industrial products company’s stock valued at $39,872,000 after purchasing an additional 141,064 shares during the period. Qsemble Capital Management LP acquired a new position in IDEX during the second quarter worth $3,627,000. Marshall Wace LLP boosted its position in shares of IDEX by 162.1% during the second quarter. Marshall Wace LLP now owns 101,558 shares of the industrial products company’s stock worth $20,433,000 after buying an additional 62,803 shares during the period. Finally, Swedbank AB purchased a new stake in shares of IDEX in the 1st quarter valued at $11,765,000. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, January 17th. IDEX’s dividend payout ratio (DPR) is presently 42.72%.

About IDEX

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.