Seaport Res Ptn Issues Negative Outlook for IDEX Earnings

IDEX Co. (NYSE:IEX - Free Report) - Seaport Res Ptn reduced their Q1 2025 earnings per share (EPS) estimates for IDEX in a note issued to investors on Thursday, October 31st. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings per share of $1.99 for the quarter, down from their prior forecast of $2.04. The consensus estimate for IDEX's current full-year earnings is $7.87 per share. Seaport Res Ptn also issued estimates for IDEX's Q2 2025 earnings at $2.21 EPS and Q3 2025 earnings at $2.16 EPS.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.89 by $0.01. The business 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 company's revenue was up .6% on a year-over-year basis. During the same period last year, the firm posted $2.12 EPS.

A number of other equities analysts have also commented on IEX. Argus lowered IDEX from a "buy" rating to a "hold" rating in a research note on Wednesday, August 14th. Oppenheimer cut their target price on shares of IDEX from $245.00 to $238.00 and set an "outperform" rating for the company in a report on Monday, August 5th. Royal Bank of Canada upped their price target on shares of IDEX from $236.00 to $248.00 and gave the company an "outperform" rating in a research note on Thursday. Stifel Nicolaus lifted their price objective on shares of IDEX from $232.00 to $244.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird decreased their target price on shares of IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $241.14.

IDEX Price Performance

Shares of IEX traded up $2.95 during midday trading on Monday, hitting $219.00. 638,557 shares of the company traded hands, compared to its average volume of 468,307. The stock has a market cap of $16.58 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 2.27 and a beta of 0.96. The firm has a 50 day moving average of $207.06 and a 200-day moving average of $207.36. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.52 and a current ratio of 2.97. IDEX has a 52 week low of $189.33 and a 52 week high of $246.36.

IDEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Friday, October 11th. IDEX's dividend payout ratio (DPR) is currently 42.72%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Van ECK Associates Corp raised its holdings in shares of IDEX by 9,424.6% in the third quarter. Van ECK Associates Corp now owns 1,032,277 shares of the industrial products company's stock worth $211,473,000 after buying an additional 1,021,439 shares during the period. Price T Rowe Associates Inc. MD increased its stake in IDEX by 7.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,964,956 shares of the industrial products company's stock worth $1,943,609,000 after purchasing an additional 555,250 shares during the period. Hsbc Holdings PLC lifted its position in shares of IDEX by 75.6% during the second quarter. Hsbc Holdings PLC now owns 519,124 shares of the industrial products company's stock worth $104,179,000 after purchasing an additional 223,422 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of IDEX by 247.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 198,170 shares of the industrial products company's stock valued at $39,872,000 after purchasing an additional 141,064 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of IDEX by 1,541.6% in the second quarter. Millennium Management LLC now owns 138,744 shares of the industrial products company's stock worth $27,915,000 after purchasing an additional 130,292 shares during the last quarter. Hedge funds and other institutional investors own 97.96% of the company's stock.

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.