IDEX Corporation (NYSE:IEX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of IDEX Corporation (NYSE:IEX) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $201.7143.

Several analysts have weighed in on the company. Stifel Nicolaus dropped their price target on IDEX from $238.00 to $204.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Royal Bank Of Canada reduced their price target on IDEX from $207.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. DA Davidson set a $180.00 target price on IDEX and gave the company a “neutral” rating in a report on Monday, August 4th. Citigroup increased their price target on IDEX from $208.00 to $216.00 and gave the company a “buy” rating in a report on Monday, July 14th. Finally, Oppenheimer lowered their price objective on IDEX from $224.00 to $212.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st.

IDEX Stock Down 0.2%

NYSE IEX opened at $159.36 on Friday. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. IDEX has a 52 week low of $153.36 and a 52 week high of $238.22. The stock’s 50-day moving average price is $166.13 and its 200-day moving average price is $174.22. The company has a market capitalization of $12.00 billion, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 1.68 and a beta of 1.02.

IDEX (NYSE:IEX) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $858.59 million. During the same quarter in the previous year, the business earned $2.06 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. IDEX has set its Q3 2025 guidance at 1.900-1.950 EPS. FY 2025 guidance at 7.850-7.950 EPS. On average, equities research analysts predict that IDEX will post 8.26 earnings per share for the current year.

IDEX announced that its board has approved a share buyback program on Thursday, September 18th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 8.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

IDEX Dividend Announcement

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

Institutional Investors Weigh In On IDEX

Institutional investors have recently added to or reduced their stakes in the business. Horizon Investments LLC raised its holdings in IDEX by 5.2% in the 1st quarter. Horizon Investments LLC now owns 1,087 shares of the industrial products company’s stock valued at $197,000 after acquiring an additional 54 shares during the last quarter. Empowered Funds LLC boosted its position in IDEX by 3.4% during the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company’s stock worth $298,000 after purchasing an additional 54 shares during the period. Alps Advisors Inc. boosted its position in IDEX by 1.0% during the 1st quarter. Alps Advisors Inc. now owns 5,990 shares of the industrial products company’s stock worth $1,084,000 after purchasing an additional 60 shares during the period. Cullen Frost Bankers Inc. boosted its position in IDEX by 2.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 3,112 shares of the industrial products company’s stock worth $546,000 after purchasing an additional 60 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in IDEX by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,925 shares of the industrial products company’s stock valued at $1,031,000 after buying an additional 61 shares during the last quarter. 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.