IDEX Co. (NYSE:IEX – Free Report) – Equities research analysts at Seaport Res Ptn issued their FY2025 earnings per share estimates for shares of IDEX in a report issued on Monday, May 5th. Seaport Res Ptn analyst W. Liptak expects that the industrial products company will post earnings of $8.33 per share for the year. The consensus estimate for IDEX’s current full-year earnings is $8.26 per share. Seaport Res Ptn also issued estimates for IDEX’s Q2 2026 earnings at $2.07 EPS and Q4 2026 earnings at $2.50 EPS.
Several other brokerages have also recently issued reports on IEX. Stifel Nicolaus increased their target price on IDEX from $192.00 to $208.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Mizuho set a $175.00 target price on IDEX in a research note on Tuesday, April 22nd. Robert W. Baird set a $215.00 target price on shares of IDEX in a report on Friday, May 2nd. DA Davidson lowered their price target on shares of IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Finally, Royal Bank of Canada increased their target price on shares of IDEX from $206.00 to $208.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $211.25.
IDEX Price Performance
NYSE IEX opened at $184.69 on Thursday. The company has a market cap of $13.95 billion, a PE ratio of 27.77, a P/E/G ratio of 1.98 and a beta of 1.07. The firm’s 50 day moving average price is $176.44 and its 200-day moving average price is $201.42. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. IDEX has a 52-week low of $153.36 and a 52-week high of $238.22.
IDEX (NYSE:IEX – Get Free Report) last released its earnings results on Thursday, May 1st. The industrial products company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The business had revenue of $814.30 million for the quarter, compared to analyst estimates of $807.25 million. IDEX had a return on equity of 16.08% and a net margin of 15.45%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.88 earnings per share.
IDEX Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 1.54%. This is an increase from IDEX’s previous quarterly dividend of $0.69. IDEX’s dividend payout ratio is presently 43.74%.
Institutional Trading of IDEX
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blueshift Asset Management LLC raised its stake in shares of IDEX by 117.5% in the first quarter. Blueshift Asset Management LLC now owns 3,097 shares of the industrial products company’s stock worth $560,000 after purchasing an additional 1,673 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in IDEX during the 1st quarter valued at approximately $1,064,000. Vestcor Inc increased its stake in shares of IDEX by 5.8% in the first quarter. Vestcor Inc now owns 4,232 shares of the industrial products company’s stock worth $766,000 after acquiring an additional 232 shares during the period. Federated Hermes Inc. raised its holdings in shares of IDEX by 42.9% during the first quarter. Federated Hermes Inc. now owns 333 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 100 shares during the last quarter. Finally, Meeder Advisory Services Inc. boosted its holdings in IDEX by 5.9% in the first quarter. Meeder Advisory Services Inc. now owns 2,389 shares of the industrial products company’s stock valued at $432,000 after purchasing an additional 134 shares during the last quarter. Institutional investors and hedge funds 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.
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