IDEX Co. (NYSE:IEX - Free Report) - Investment analysts at Zacks Research boosted their Q1 2025 earnings estimates for shares of IDEX in a report issued on Tuesday, May 14th. Zacks Research analyst R. Department now forecasts that the industrial products company will earn $2.00 per share for the quarter, up from their prior estimate of $1.97. The consensus estimate for IDEX's current full-year earnings is $8.33 per share. Zacks Research also issued estimates for IDEX's FY2025 earnings at $9.06 EPS.
IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.12. The business had revenue of $801.00 million for the quarter, compared to the consensus estimate of $807.52 million. IDEX had a net margin of 17.89% and a return on equity of 17.60%. IDEX's revenue for the quarter was down 5.3% on a year-over-year basis. During the same period last year, the company posted $2.09 EPS.
A number of other brokerages also recently weighed in on IEX. Royal Bank of Canada reiterated an "outperform" rating and issued a $255.00 price target on shares of IDEX in a research report on Thursday, March 21st. StockNews.com downgraded shares of IDEX from a "buy" rating to a "hold" rating in a research report on Friday, May 10th. Robert W. Baird lowered their target price on IDEX from $260.00 to $256.00 and set an "outperform" rating for the company in a research note on Thursday, April 25th. Citigroup increased their target price on IDEX from $254.00 to $277.00 and gave the stock a "buy" rating in a research note on Monday, April 8th. Finally, Oppenheimer increased their target price on IDEX from $245.00 to $252.00 and gave the stock an "outperform" rating in a research note on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.71.
Check Out Our Latest Stock Analysis on IEX
IDEX Trading Down 0.6 %
Shares of NYSE:IEX traded down $1.27 during mid-day trading on Thursday, reaching $222.24. The stock had a trading volume of 198,636 shares, compared to its average volume of 385,176. The firm has a market cap of $16.82 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.26 and a beta of 0.99. The firm has a 50 day simple moving average of $233.12 and a two-hundred day simple moving average of $219.07. The company has a current ratio of 3.37, a quick ratio of 2.45 and a debt-to-equity ratio of 0.37. IDEX has a twelve month low of $183.76 and a twelve month high of $246.36.
Hedge Funds Weigh In On IDEX
Several hedge funds have recently made changes to their positions in the business. Planned Solutions Inc. bought a new position in shares of IDEX in the fourth quarter valued at $33,000. Riverview Trust Co bought a new position in shares of IDEX in the first quarter valued at $35,000. Quarry LP bought a new position in shares of IDEX in the fourth quarter valued at $36,000. EdgeRock Capital LLC bought a new position in shares of IDEX in the fourth quarter valued at $48,000. Finally, VisionPoint Advisory Group LLC bought a new position in shares of IDEX in the fourth quarter valued at $50,000. 97.96% of the stock is owned by institutional investors.
IDEX Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a dividend of $0.69 per share. This is a boost from IDEX's previous quarterly dividend of $0.64. This represents a $2.76 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, May 16th. IDEX's dividend payout ratio (DPR) is currently 36.32%.
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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