Brokers Offer Predictions for IDEX Co.’s Q2 2022 Earnings (NYSE:IEX)

IDEX Co. (NYSE:IEXGet Rating) – Analysts at DA Davidson upped their Q2 2022 earnings per share estimates for IDEX in a note issued to investors on Thursday, May 5th. DA Davidson analyst M. Summerville now forecasts that the industrial products company will post earnings per share of $1.89 for the quarter, up from their previous forecast of $1.73. DA Davidson currently has a “Neutral” rating on the stock.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised IDEX from a “hold” rating to a “buy” rating and set a $213.00 target price on the stock in a report on Friday, February 4th. StockNews.com raised IDEX from a “hold” rating to a “buy” rating in a report on Friday, April 29th. Mizuho reduced their target price on IDEX from $233.00 to $205.00 in a report on Thursday, April 28th. Citigroup raised their target price on IDEX from $232.00 to $235.00 in a report on Thursday, April 28th. Finally, Loop Capital dropped their price target on IDEX from $225.00 to $210.00 in a research note on Monday, April 4th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $225.10.

Shares of NYSE:IEX opened at $189.76 on Friday. The company has a market capitalization of $14.42 billion, a P/E ratio of 30.46, a P/E/G ratio of 2.11 and a beta of 1.05. IDEX has a 1 year low of $181.66 and a 1 year high of $240.33. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.59 and a quick ratio of 2.68. The business’s 50 day simple moving average is $193.21 and its 200 day simple moving average is $211.72.

IDEX (NYSE:IEXGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.22. IDEX had a return on equity of 18.61% and a net margin of 16.65%. During the same quarter in the prior year, the company earned $1.51 EPS.

Hedge funds have recently added to or reduced their stakes in the business. Kentucky Retirement Systems raised its holdings in shares of IDEX by 3.5% in the 4th quarter. Kentucky Retirement Systems now owns 4,565 shares of the industrial products company’s stock worth $1,079,000 after purchasing an additional 155 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in IDEX by 131.0% during the 4th quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 145,177 shares of the industrial products company’s stock valued at $34,308,000 after acquiring an additional 82,342 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in IDEX by 54.2% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 22,026 shares of the industrial products company’s stock valued at $4,558,000 after acquiring an additional 7,740 shares during the period. Mercer Global Advisors Inc. ADV grew its position in shares of IDEX by 22.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,328 shares of the industrial products company’s stock valued at $314,000 after purchasing an additional 242 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of IDEX by 1.6% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 419,827 shares of the industrial products company’s stock valued at $86,883,000 after purchasing an additional 6,596 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

IDEX Company Profile (Get Rating)

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, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.

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Earnings History and Estimates for IDEX (NYSE:IEX)

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