Zacks Research Issues Optimistic Estimate for IDEX Earnings

IDEX Co. (NYSE:IEX) – Zacks Research increased their Q4 2024 earnings per share estimates for IDEX in a research report issued to clients and investors on Monday, November 25th. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings of $2.03 per share for the quarter, up from their previous estimate of $2.02. The consensus estimate for IDEX’s current full-year earnings is $7.88 per share. Zacks Research also issued estimates for IDEX’s Q1 2025 earnings at $1.99 EPS, Q4 2025 earnings at $2.20 EPS, FY2025 earnings at $8.43 EPS, Q1 2026 earnings at $2.22 EPS, Q3 2026 earnings at $2.25 EPS and FY2026 earnings at $9.23 EPS.

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

IEX has been the subject of several other research reports. TD Cowen cut their price target on IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Robert W. Baird cut their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. DA Davidson lowered their price target on shares of IDEX from $220.00 to $210.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. Stifel Nicolaus raised their price objective on shares of IDEX from $232.00 to $244.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Oppenheimer lowered their target price on shares of IDEX from $245.00 to $238.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, IDEX currently has an average rating of “Moderate Buy” and an average target price of $241.14.

IDEX Trading Down 0.4 %

Shares of IEX stock opened at $231.10 on Thursday. IDEX has a 12-month low of $189.51 and a 12-month high of $246.36. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $216.30 and a 200-day moving average of $207.90. The firm has a market cap of $17.50 billion, a P/E ratio of 35.77, a PEG ratio of 2.50 and a beta of 0.96.

Institutional Investors Weigh In On IDEX

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. increased its stake in IDEX by 1.0% in the 3rd quarter. Franklin Resources Inc. now owns 203,412 shares of the industrial products company’s stock worth $43,390,000 after acquiring an additional 1,930 shares during the last quarter. Tidal Investments LLC increased its position in shares of IDEX by 9.3% in the third quarter. Tidal Investments LLC now owns 5,428 shares of the industrial products company’s stock worth $1,164,000 after purchasing an additional 460 shares during the last quarter. Toronto Dominion Bank increased its position in shares of IDEX by 1.3% in the third quarter. Toronto Dominion Bank now owns 38,884 shares of the industrial products company’s stock worth $8,341,000 after purchasing an additional 512 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in IDEX by 5.2% in the third quarter. Coldstream Capital Management Inc. now owns 12,108 shares of the industrial products company’s stock valued at $2,598,000 after purchasing an additional 596 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in IDEX by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,891,175 shares of the industrial products company’s stock valued at $404,339,000 after purchasing an additional 23,388 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.19%. IDEX’s dividend payout ratio (DPR) is currently 42.72%.

IDEX Company Profile

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.