IDEX Corporation (NYSE:IEX) Announces $0.73 Quarterly Dividend

IDEX Corporation (NYSE:IEX) declared a quarterly dividend on Wednesday, June 17th. Investors of record on Monday, July 6th will be paid a dividend of 0.73 per share by the industrial products company on Friday, July 24th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, July 6th.

IDEX has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 16 years. IDEX has a dividend payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect IDEX to earn $9.25 per share next year, which means the company should continue to be able to cover its $2.92 annual dividend with an expected future payout ratio of 31.6%.

IDEX Price Performance

Shares of NYSE:IEX opened at $223.26 on Thursday. The company has a market cap of $16.52 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 2.20 and a beta of 1.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.39 and a quick ratio of 2.40. The firm has a 50 day simple moving average of $210.43 and a 200 day simple moving average of $198.45. IDEX has a one year low of $157.25 and a one year high of $227.47.

IDEX (NYSE:IEX) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.78 by $0.22. The business had revenue of $886.90 million during the quarter, compared to the consensus estimate of $845.58 million. IDEX had a net margin of 14.38% and a return on equity of 15.29%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.75 EPS. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. Research analysts predict that IDEX will post 8.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

IEX has been the subject of several research reports. TD Cowen increased their price objective on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Stifel Nicolaus set a $250.00 price objective on shares of IDEX in a research note on Thursday, April 30th. Oppenheimer reissued an “outperform” rating and issued a $250.00 price objective (up from $242.00) on shares of IDEX in a research note on Tuesday, June 2nd. Seaport Research Partners reissued a “buy” rating and issued a $250.00 price objective on shares of IDEX in a research note on Tuesday, May 5th. Finally, Robert W. Baird set a $257.00 price target on shares of IDEX in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $241.11.

About IDEX

IDEX Corporation is a diversified industrial manufacturer specializing in the design, production and distribution of highly engineered fluidics systems, measurement technologies and safety solutions. The company’s core offerings include positive-displacement pumps, flow meters, valves, sampling systems and analytical instruments that serve a wide range of end markets such as water treatment, chemical processing, energy, food and beverage, and life sciences. Through its focus on precision engineering and proprietary material science, IDEX delivers products designed for reliability in demanding applications.

Operations at IDEX are organized into three principal segments.