Research Analysts Set Expectations for IDEX Q1 Earnings

IDEX Co. (NYSE:IEX - Free Report) - Research analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of IDEX in a report released on Wednesday, February 19th. DA Davidson analyst M. Summerville forecasts 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 $8.26 per share. DA Davidson also issued estimates for IDEX's FY2025 earnings at $8.20 EPS and FY2026 earnings at $9.05 EPS.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, beating the consensus estimate of $2.03 by $0.01. IDEX had a return on equity of 16.08% and a net margin of 15.45%.

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

IDEX Price Performance

Shares of IDEX stock traded down $3.11 during trading on Thursday, hitting $192.96. 377,276 shares of the stock traded hands, compared to its average volume of 533,679. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The stock has a market cap of $14.61 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 2.00 and a beta of 0.97. The firm's fifty day moving average is $209.69 and its 200-day moving average is $211.40. IDEX has a 52 week low of $189.51 and a 52 week high of $246.36.

Institutional Investors Weigh In On IDEX

Institutional investors and hedge funds have recently bought and sold shares of the business. Banque de Luxembourg S.A. purchased a new position in shares of IDEX in the 4th quarter valued at approximately $27,000. Catalyst Capital Advisors LLC lifted its stake in shares of IDEX by 73.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 59 shares during the period. Assetmark Inc. purchased a new position in shares of IDEX in the 3rd quarter valued at approximately $39,000. Quarry LP purchased a new position in shares of IDEX in the 4th quarter valued at approximately $49,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of IDEX by 35.2% in the 4th quarter. Jones Financial Companies Lllp now owns 407 shares of the industrial products company's stock valued at $85,000 after purchasing an additional 106 shares during the period. Hedge funds and other institutional investors 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.