IDEX Co. (NYSE:IEX - Free Report) - Zacks Research cut their Q1 2025 earnings per share (EPS) estimates for shares of IDEX in a report issued on Tuesday, April 16th. Zacks Research analyst R. Department now expects that the industrial products company will post earnings per share of $1.97 for the quarter, down from their previous estimate of $1.98. The consensus estimate for IDEX's current full-year earnings is $8.35 per share. Zacks Research also issued estimates for IDEX's Q3 2025 earnings at $2.43 EPS and FY2025 earnings at $9.23 EPS.
IEX has been the topic of a number of other reports. Stifel Nicolaus upgraded IDEX from a "hold" rating to a "buy" rating and raised their price target for the stock from $215.00 to $265.00 in a research note on Thursday, February 8th. Royal Bank of Canada restated an "outperform" rating and issued a $255.00 price target on shares of IDEX in a research note on Thursday, March 21st. Citigroup raised their price target on IDEX from $254.00 to $277.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. Finally, StockNews.com upgraded IDEX from a "hold" rating to a "buy" rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $238.00.
View Our Latest Report on IDEX
IDEX Stock Down 1.1 %
IEX traded down $2.42 during trading on Wednesday, hitting $226.83. 395,243 shares of the company's stock traded hands, compared to its average volume of 379,948. The stock has a market capitalization of $17.17 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 2.30 and a beta of 0.97. IDEX has a 12-month low of $183.76 and a 12-month high of $246.36. The company has a current ratio of 2.89, a quick ratio of 2.05 and a debt-to-equity ratio of 0.37. The company's 50 day simple moving average is $236.43 and its two-hundred day simple moving average is $215.81.
IDEX (NYSE:IEX - Get Free Report) last issued its earnings results on Tuesday, February 6th. The industrial products company reported $1.83 EPS for the quarter, beating the consensus estimate of $1.78 by $0.05. IDEX had a return on equity of 18.56% and a net margin of 18.21%. The business had revenue of $788.90 million for the quarter, compared to the consensus estimate of $767.96 million. During the same period last year, the business posted $2.01 EPS. The company's revenue was down 2.7% compared to the same quarter last year.
Institutional Investors Weigh In On IDEX
Institutional investors and hedge funds have recently bought and sold shares of the business. Parkside Financial Bank & Trust increased its holdings in shares of IDEX by 120.3% in the first quarter. Parkside Financial Bank & Trust now owns 141 shares of the industrial products company's stock worth $27,000 after purchasing an additional 77 shares during the last quarter. Planned Solutions Inc. bought a new stake in shares of IDEX in the fourth quarter worth about $33,000. Clear Street Markets LLC increased its holdings in shares of IDEX by 94.7% in the first quarter. Clear Street Markets LLC now owns 148 shares of the industrial products company's stock worth $34,000 after purchasing an additional 72 shares during the last quarter. Riverview Trust Co bought a new stake in shares of IDEX in the first quarter worth about $35,000. Finally, Quarry LP bought a new stake in shares of IDEX in the fourth quarter worth about $36,000. 97.96% of the stock is owned by institutional investors.
About IDEX
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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.
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