Seaport Res Ptn Analysts Lower Earnings Estimates for IDEX

IDEX Co. (NYSE:IEX) – Equities research analysts at Seaport Res Ptn decreased their Q1 2025 earnings per share (EPS) estimates for shares of IDEX in a note issued to investors on Thursday, October 31st. Seaport Res Ptn analyst W. Liptak now anticipates that the industrial products company will post earnings per share of $1.99 for the quarter, down from their previous forecast of $2.04. The consensus estimate for IDEX’s current full-year earnings is $7.87 per share. Seaport Res Ptn also issued estimates for IDEX’s Q2 2025 earnings at $2.21 EPS and Q3 2025 earnings at $2.16 EPS.

A number of other equities research analysts have also recently commented on IEX. Robert W. Baird reduced their price target on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a report on Thursday. StockNews.com downgraded IDEX from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. DA Davidson cut their price target on IDEX from $220.00 to $210.00 and set a “neutral” rating on the stock in a report on Monday, August 5th. TD Cowen decreased their price objective on IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Argus cut IDEX from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.14.

IDEX Stock Up 0.7 %

Shares of IDEX stock opened at $216.05 on Monday. The firm has a market cap of $16.35 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 2.27 and a beta of 0.96. The stock’s 50-day moving average is $207.06 and its 200 day moving average is $207.50. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.52. IDEX has a one year low of $189.33 and a one year high of $246.36.

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

IDEX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, October 11th. IDEX’s payout ratio is currently 42.72%.

Hedge Funds Weigh In On IDEX

Hedge funds and other institutional investors have recently modified their holdings of the business. Van ECK Associates Corp grew its stake in IDEX by 9,424.6% in the 3rd quarter. Van ECK Associates Corp now owns 1,032,277 shares of the industrial products company’s stock valued at $211,473,000 after purchasing an additional 1,021,439 shares during the period. Price T Rowe Associates Inc. MD grew its position in IDEX by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,964,956 shares of the industrial products company’s stock valued at $1,943,609,000 after buying an additional 555,250 shares during the period. Hsbc Holdings PLC grew its position in IDEX by 75.6% during the second quarter. Hsbc Holdings PLC now owns 519,124 shares of the industrial products company’s stock valued at $104,179,000 after buying an additional 223,422 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in IDEX by 247.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 198,170 shares of the industrial products company’s stock worth $39,872,000 after buying an additional 141,064 shares during the last quarter. Finally, Millennium Management LLC raised its position in IDEX by 1,541.6% in the second quarter. Millennium Management LLC now owns 138,744 shares of the industrial products company’s stock worth $27,915,000 after acquiring an additional 130,292 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

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.