Zacks Research Issues Optimistic Forecast for IDEX Earnings

IDEX Co. (NYSE:IEX) – Equities research analysts at Zacks Research upped their FY2025 earnings per share estimates for IDEX in a report released on Tuesday, December 31st. Zacks Research analyst R. Department now expects that the industrial products company will post earnings of $8.44 per share for the year, up from their prior estimate of $8.43. The consensus estimate for IDEX’s current full-year earnings is $7.89 per share. Zacks Research also issued estimates for IDEX’s FY2026 earnings at $9.24 EPS.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $793.05 million. During the same quarter in the previous year, the firm earned $2.12 EPS. IDEX’s quarterly revenue was up .6% on a year-over-year basis.

Other equities analysts have also issued reports about the stock. Citigroup boosted their price target on shares of IDEX from $251.00 to $269.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Robert W. Baird decreased their price target on IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Royal Bank of Canada lifted their price objective on IDEX from $248.00 to $258.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Stifel Nicolaus increased their target price on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $243.14.

IDEX Stock Down 1.5 %

IEX opened at $206.06 on Friday. The firm has a market cap of $15.60 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 2.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.11 and a current ratio of 2.97. The firm’s 50-day simple moving average is $221.83 and its 200-day simple moving average is $209.58. IDEX has a twelve month low of $189.51 and a twelve month high of $246.36.

Institutional Trading of IDEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of IDEX by 416.0% during the fourth quarter. GAMMA Investing LLC now owns 614 shares of the industrial products company’s stock worth $129,000 after buying an additional 495 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of IDEX by 3.0% during the 3rd quarter. Principal Financial Group Inc. now owns 95,836 shares of the industrial products company’s stock valued at $20,557,000 after acquiring an additional 2,820 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of IDEX in the 3rd quarter valued at $1,514,000. Franklin Resources Inc. boosted its position in shares of IDEX by 1.0% in the 3rd quarter. Franklin Resources Inc. now owns 203,412 shares of the industrial products company’s stock worth $43,390,000 after purchasing an additional 1,930 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in shares of IDEX by 9.3% during the third quarter. Tidal Investments LLC now owns 5,428 shares of the industrial products company’s stock worth $1,164,000 after purchasing an additional 460 shares during the period. 97.96% of the stock is owned by institutional investors.

IDEX Announces Dividend

The company also recently announced 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. The ex-dividend date is Friday, January 17th. This represents a $2.76 annualized dividend and a dividend yield of 1.34%. IDEX’s dividend payout ratio (DPR) is currently 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.