Zacks Research Estimates IDEX's FY2025 Earnings (NYSE:IEX)

IDEX Co. (NYSE:IEX - Free Report) - Stock analysts at Zacks Research boosted their FY2025 earnings per share estimates for IDEX in a note issued to investors on Tuesday, December 31st. Zacks Research analyst R. Department now expects that the industrial products company will earn $8.44 per share for the year, up from their previous estimate of $8.43. The consensus estimate for IDEX's current full-year earnings is $7.89 per share. Zacks Research also issued estimates for IDEX's FY2026 earnings at $9.24 EPS.

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

A number of other research firms have also commented on IEX. Robert W. Baird decreased their price objective on IDEX from $245.00 to $241.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus raised their price target on shares of IDEX from $244.00 to $256.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Royal Bank of Canada boosted their price objective on shares of IDEX from $248.00 to $258.00 and gave the company an "outperform" rating in a research report on Friday, December 6th. Finally, Citigroup lifted their target price on shares of IDEX from $251.00 to $269.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, IDEX has an average rating of "Moderate Buy" and an average price target of $243.14.

IDEX Price Performance

NYSE:IEX traded up $0.96 during trading hours on Friday, reaching $207.02. 304,051 shares of the company traded hands, compared to its average volume of 341,875. IDEX has a 1-year low of $189.51 and a 1-year high of $246.36. The stock has a market cap of $15.68 billion, a P/E ratio of 32.05, a P/E/G ratio of 2.36 and a beta of 0.96. The firm's 50-day moving average is $221.92 and its 200-day moving average is $209.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.11.

IDEX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.76 annualized dividend and a dividend yield of 1.33%. IDEX's dividend payout ratio is presently 42.72%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in shares of IDEX by 108.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company's stock worth $607,234,000 after purchasing an additional 1,472,456 shares during the period. Van ECK Associates Corp lifted its position in IDEX by 9,424.6% during the third quarter. Van ECK Associates Corp now owns 1,032,277 shares of the industrial products company's stock valued at $211,473,000 after buying an additional 1,021,439 shares in the last quarter. Champlain Investment Partners LLC grew its stake in IDEX by 28.8% during the third quarter. Champlain Investment Partners LLC now owns 1,223,676 shares of the industrial products company's stock worth $262,479,000 after buying an additional 273,460 shares during the period. Hsbc Holdings PLC increased its position in shares of IDEX by 75.6% in the second 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 in the last quarter. Finally, DF Dent & Co. Inc. purchased a new position in shares of IDEX in the 3rd quarter valued at $31,747,000. 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.