Zacks Research Issues Negative Forecast for IDEX Earnings

IDEX Co. (NYSE:IEX) – Analysts at Zacks Research decreased their Q1 2025 earnings estimates for IDEX in a report issued on Tuesday, February 25th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $1.63 for the quarter, down from their prior estimate of $1.99. The consensus estimate for IDEX’s current full-year earnings is $8.26 per share. Zacks Research also issued estimates for IDEX’s FY2025 earnings at $8.20 EPS and FY2027 earnings at $9.84 EPS.

Other equities research analysts have also issued research reports about the stock. Citigroup dropped their price objective on shares of IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada cut their price target on IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Stifel Nicolaus boosted their target price on shares of IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. DA Davidson reduced their price objective on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Finally, Robert W. Baird decreased their price target on IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $241.71.

IDEX Stock Down 1.1 %

Shares of NYSE:IEX opened at $193.62 on Friday. The company has a market cap of $14.67 billion, a PE ratio of 29.12, a P/E/G ratio of 1.98 and a beta of 0.97. The stock’s 50-day moving average is $207.98 and its 200 day moving average is $211.47. IDEX has a 1 year low of $189.51 and a 1 year high of $246.36. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.53 and a quick ratio of 1.85.

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

Institutional Investors Weigh In On IDEX

Several institutional investors have recently bought and sold shares of the company. Asset Management One Co. Ltd. boosted its stake in IDEX by 4.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company’s stock worth $6,386,000 after purchasing an additional 1,209 shares during the last quarter. Cerity Partners LLC grew its stake in IDEX by 48.3% during the 3rd quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company’s stock valued at $4,426,000 after acquiring an additional 6,720 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in IDEX by 2.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company’s stock valued at $36,041,000 after acquiring an additional 4,465 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in IDEX by 7.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 250,443 shares of the industrial products company’s stock valued at $53,720,000 after acquiring an additional 16,504 shares during the last quarter. Finally, Covea Finance lifted its stake in IDEX by 70.6% in the 4th quarter. Covea Finance now owns 14,500 shares of the industrial products company’s stock worth $3,035,000 after purchasing an additional 6,000 shares in the last quarter. 97.96% of the stock is currently owned by institutional investors and hedge funds.

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.