IDEX Corporation Declares Quarterly Dividend of $0.73 (NYSE:IEX)

Key Points

• IDEX declared a quarterly dividend of $0.73 per share, payable October 16 to shareholders of record October 2. The dividend represents a 1.3% annualized yield, and the company has raised its payout for 16 consecutive years.
• IDEX’s dividend appears well covered, with a 32.7% payout ratio and an expected future payout ratio of approximately 30.3% based on projected earnings.
• The company exceeded quarterly expectations, reporting adjusted EPS of $2.32 versus the $2.11 consensus estimate and revenue of $920.6 million, up 6.4% year over year.

IDEX Corporation (NYSE:IEX - Get Free Report) declared a quarterly dividend on Wednesday, September 16th. Shareholders of record on Friday, October 2nd will be paid a dividend of 0.73 per share by the industrial products company on Friday, October 16th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, October 2nd.

IDEX has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 16 consecutive years. IDEX has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Analysts expect IDEX to earn $9.64 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 30.3%.

IDEX Price Performance

IEX opened at $221.67 on Thursday. The firm has a 50-day moving average price of $228.64 and a 200-day moving average price of $215.15. IDEX has a twelve month low of $158.19 and a twelve month high of $243.80. The company has a quick ratio of 2.15, a current ratio of 3.05 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $16.34 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 2.52 and a beta of 0.98.

IDEX (NYSE:IEX - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.11 by $0.21. IDEX had a net margin of 14.49% and a return on equity of 15.69%. The company had revenue of $920.60 million during the quarter, compared to the consensus estimate of $905.38 million. During the same period last year, the firm earned $2.07 EPS. IDEX's revenue for the quarter was up 6.4% on a year-over-year basis. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS. Equities analysts expect that IDEX will post 8.83 EPS for the current year.

Insider Activity at IDEX

In related news, CAO Lisa Anderson sold 385 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total value of $91,857.15. Following the transaction, the chief accounting officer directly owned 4,327 shares in the company, valued at approximately $1,032,378.93. This represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.50% of the company's stock.

Hedge Funds Weigh In On IDEX

A number of institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its position in IDEX by 4.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,446 shares of the industrial products company's stock worth $274,000 after acquiring an additional 56 shares during the period. Evolve Private Wealth LLC raised its stake in shares of IDEX by 2.8% during the first quarter. Evolve Private Wealth LLC now owns 2,125 shares of the industrial products company's stock worth $403,000 after purchasing an additional 58 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of IDEX by 2.6% during the first quarter. Sanctuary Advisors LLC now owns 2,443 shares of the industrial products company's stock worth $463,000 after purchasing an additional 62 shares during the period. Allworth Financial LP grew its position in IDEX by 9.4% in the 2nd quarter. Allworth Financial LP now owns 722 shares of the industrial products company's stock valued at $164,000 after buying an additional 62 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in IDEX by 39.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 227 shares of the industrial products company's stock valued at $52,000 after buying an additional 64 shares during the period. Institutional investors own 97.96% of the company's stock.

About IDEX

IDEX Corporation NYSE: IEX is an industrial technology company that designs, manufactures and markets engineered products and systems used in a range of specialized applications. Its portfolio includes pumps, valves, flow meters, compressors, dispensing equipment and other fluid-handling technologies that help customers move, measure and control liquids and gases.

The company operates through businesses focused on Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety/Diversified Products.

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