Zacks Research Weighs in on IDEX’s Q1 Earnings (NYSE:IEX)

IDEX Corporation (NYSE:IEX) – Equities researchers at Zacks Research upped their Q1 2027 EPS estimates for IDEX in a research note issued to investors on Monday, September 22nd. Zacks Research analyst Team now forecasts that the industrial products company will earn $2.17 per share for the quarter, up from their prior estimate of $2.16. The consensus estimate for IDEX’s current full-year earnings is $8.26 per share.

IDEX (NYSE:IEX) last issued its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.07. IDEX had a return on equity of 15.16% and a net margin of 14.05%.The firm had revenue of $865.40 million for the quarter, compared to the consensus estimate of $858.59 million. During the same quarter in the previous year, the company posted $2.06 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS.

A number of other analysts have also recently issued reports on the stock. Citigroup lifted their target price on shares of IDEX from $208.00 to $216.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Stifel Nicolaus reduced their price objective on shares of IDEX from $238.00 to $204.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. DA Davidson set a $180.00 price objective on shares of IDEX and gave the stock a “neutral” rating in a report on Monday, August 4th. Royal Bank Of Canada cut their target price on IDEX from $207.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, July 31st. Finally, Oppenheimer reduced their price target on IDEX from $224.00 to $212.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.71.

IDEX Trading Up 0.1%

Shares of NYSE IEX opened at $159.64 on Wednesday. The business has a 50 day simple moving average of $166.63 and a 200 day simple moving average of $174.41. IDEX has a 52 week low of $153.36 and a 52 week high of $238.22. The stock has a market cap of $12.02 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 1.68 and a beta of 1.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.13 and a current ratio of 3.05.

Institutional Investors Weigh In On IDEX

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP lifted its position in shares of IDEX by 19.7% during the 1st quarter. Wellington Management Group LLP now owns 5,050,601 shares of the industrial products company’s stock worth $914,007,000 after purchasing an additional 831,005 shares during the last quarter. State Street Corp increased its position in IDEX by 0.5% in the 2nd quarter. State Street Corp now owns 3,099,752 shares of the industrial products company’s stock worth $544,223,000 after buying an additional 16,913 shares during the period. Impax Asset Management Group plc lifted its holdings in shares of IDEX by 11.5% during the first quarter. Impax Asset Management Group plc now owns 2,006,724 shares of the industrial products company’s stock worth $363,157,000 after buying an additional 207,172 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of IDEX by 1.5% in the second quarter. Geode Capital Management LLC now owns 2,000,861 shares of the industrial products company’s stock valued at $349,869,000 after acquiring an additional 29,353 shares during the period. Finally, Invesco Ltd. grew its stake in shares of IDEX by 0.9% in the second quarter. Invesco Ltd. now owns 1,559,341 shares of the industrial products company’s stock worth $273,773,000 after acquiring an additional 13,878 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Friday, October 10th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $2.84 dividend on an annualized basis and a yield of 1.8%. IDEX’s payout ratio is currently 45.88%.

IDEX declared that its board has approved a stock buyback plan on Thursday, September 18th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the industrial products company to purchase up to 8.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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.