Research Analysts Set Expectations for IDEX Q1 Earnings

IDEX Co. (NYSE:IEX) – Research analysts at DA Davidson issued their Q1 2025 earnings per share estimates for IDEX in a research report issued on Wednesday, February 19th. DA Davidson analyst M. Summerville anticipates that the industrial products company will earn $1.64 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $215.00 target price on the stock. The consensus estimate for IDEX’s current full-year earnings is $8.31 per share. DA Davidson also issued estimates for IDEX’s FY2025 earnings at $8.20 EPS and FY2026 earnings at $9.05 EPS.

Several other equities analysts have also commented on the company. Robert W. Baird dropped their target price on IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Citigroup dropped their target price on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Stifel Nicolaus increased their target price on IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada dropped their target price on IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, IDEX currently has an average rating of “Moderate Buy” and an average price target of $241.71.

IDEX Stock Up 1.2 %

IDEX stock opened at $198.78 on Thursday. IDEX has a twelve month low of $189.51 and a twelve month high of $246.36. The stock’s fifty day simple moving average is $210.88 and its 200-day simple moving average is $211.50. The company has a current ratio of 2.53, a quick ratio of 1.85 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $15.05 billion, a P/E ratio of 29.89, a P/E/G ratio of 1.96 and a beta of 0.97.

IDEX (NYSE:IEX) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%.

Institutional Investors Weigh In On IDEX

Several hedge funds have recently made changes to their positions in the business. Orion Capital Management LLC acquired a new stake in shares of IDEX during the fourth quarter worth about $86,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of IDEX by 15.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 747,554 shares of the industrial products company’s stock worth $156,456,000 after buying an additional 102,129 shares during the period. Sovereign s Capital Management LLC acquired a new stake in shares of IDEX during the fourth quarter worth about $420,000. Squarepoint Ops LLC boosted its stake in shares of IDEX by 4.2% during the fourth quarter. Squarepoint Ops LLC now owns 2,123 shares of the industrial products company’s stock worth $444,000 after buying an additional 85 shares during the period. Finally, Tidal Investments LLC boosted its stake in shares of IDEX by 2.9% during the fourth quarter. Tidal Investments LLC now owns 5,588 shares of the industrial products company’s stock worth $1,170,000 after buying an additional 160 shares during the period. 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.