Analysts Offer Predictions for IDEX's Q4 Earnings (NYSE:IEX)

IDEX Co. (NYSE:IEX - Free Report) - Research analysts at DA Davidson issued their Q4 2024 earnings estimates for shares of IDEX in a report released on Tuesday, November 5th. DA Davidson analyst M. Summerville forecasts that the industrial products company will post earnings per share of $2.04 for the quarter. DA Davidson currently has a "Neutral" rating and a $210.00 target price on the stock. The consensus estimate for IDEX's current full-year earnings is $7.87 per share. DA Davidson also issued estimates for IDEX's FY2025 earnings at $8.45 EPS.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.89 by $0.01. The firm had revenue of $798.20 million for the quarter, compared to analyst estimates of $793.05 million. IDEX had a return on equity of 15.92% and a net margin of 15.35%. IDEX's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $2.12 EPS.

A number of other research analysts also recently commented on the stock. Stifel Nicolaus increased their price objective on shares of IDEX from $232.00 to $244.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. TD Cowen decreased their price target on shares of IDEX from $240.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. StockNews.com cut shares of IDEX from a "buy" rating to a "hold" rating in a report on Thursday, July 11th. Robert W. Baird lowered their target price on IDEX from $245.00 to $241.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Finally, Argus downgraded IDEX from a "buy" rating to a "hold" rating in a report on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $241.14.

IDEX Stock Up 4.5 %

Shares of NYSE IEX traded up $10.19 during midday trading on Wednesday, reaching $234.90. 896,356 shares of the company's stock were exchanged, compared to its average volume of 462,724. The stock has a market capitalization of $17.79 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 2.32 and a beta of 0.96. IDEX has a 52-week low of $189.33 and a 52-week high of $246.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.11 and a current ratio of 2.97. The business's fifty day moving average price is $207.78 and its two-hundred day moving average price is $207.29.

IDEX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a $0.69 dividend. The ex-dividend date was Friday, October 11th. This represents a $2.76 annualized dividend and a yield of 1.17%. IDEX's dividend payout ratio (DPR) is 42.72%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IEX. Price T Rowe Associates Inc. MD increased its holdings in shares of IDEX by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,964,956 shares of the industrial products company's stock valued at $1,943,609,000 after acquiring an additional 555,250 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of IDEX by 9,424.6% in the 3rd quarter. Van ECK Associates Corp now owns 1,032,277 shares of the industrial products company's stock valued at $211,473,000 after purchasing an additional 1,021,439 shares in the last quarter. Hsbc Holdings PLC grew its position in IDEX by 75.6% during the 2nd quarter. Hsbc Holdings PLC now owns 519,124 shares of the industrial products company's stock worth $104,179,000 after acquiring an additional 223,422 shares during the last quarter. Dimensional Fund Advisors LP increased its position in IDEX by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 470,672 shares of the industrial products company's stock valued at $94,698,000 after acquiring an additional 78,551 shares in the last quarter. Finally, Ceredex Value Advisors LLC raised its position in shares of IDEX by 4.8% during the third quarter. Ceredex Value Advisors LLC now owns 436,550 shares of the industrial products company's stock worth $93,640,000 after acquiring an additional 20,175 shares during the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

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.