What is Seaport Res Ptn's Estimate for IDEX FY2025 Earnings?

Key Points

• Seaport Res Ptn has revised its FY2025 earnings per share estimate for IDEX Corporation from $8.33 to $7.93, while the consensus estimate stands at $8.26 per share.
• IDEX reported better-than-expected earnings for Q2, with an EPS of $2.07, surpassing the consensus estimate of $2.00, and revenue of $865.40 million, above expectations of $858.59 million.
• The company announced a quarterly dividend of $0.71 per share, resulting in an annualized dividend yield of 1.8% with a payout ratio of 45.88%.

IDEX Corporation (NYSE:IEX - Free Report) - Equities researchers at Seaport Res Ptn lowered their FY2025 EPS estimates for IDEX in a research note issued to investors on Thursday, July 31st. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings per share of $7.93 for the year, down from their previous estimate of $8.33. The consensus estimate for IDEX's current full-year earnings is $8.26 per share. Seaport Res Ptn also issued estimates for IDEX's Q1 2026 earnings at $1.89 EPS, Q2 2026 earnings at $2.23 EPS, Q3 2026 earnings at $2.18 EPS, Q4 2026 earnings at $2.18 EPS and FY2026 earnings at $8.47 EPS.

IDEX (NYSE:IEX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $2.07 EPS for the quarter, topping the consensus estimate of $2.00 by $0.07. IDEX had a net margin of 14.05% and a return on equity of 15.16%. The company had revenue of $865.40 million for the quarter, compared to analysts' expectations of $858.59 million. During the same period last year, the firm earned $2.06 earnings per share. The business's revenue for the quarter was up 7.2% on a year-over-year basis.

Several other brokerages have also recently commented on IEX. Mizuho set a $185.00 target price on shares of IDEX in a report on Friday, May 16th. Robert W. Baird set a $215.00 target price on shares of IDEX in a report on Friday, May 2nd. Citigroup lifted their price objective on shares of IDEX from $208.00 to $216.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Oppenheimer decreased their price objective on shares of IDEX from $224.00 to $212.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus decreased their price objective on shares of IDEX from $238.00 to $204.00 and set a "buy" rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $209.63.

IDEX Stock Down 2.7%

Shares of IEX opened at $159.03 on Monday. IDEX has a 12 month low of $153.36 and a 12 month high of $238.22. The firm's 50 day moving average is $179.49 and its 200-day moving average is $184.77. The stock has a market capitalization of $11.97 billion, a PE ratio of 25.69, a P/E/G ratio of 1.68 and a beta of 1.04. The company has a current ratio of 3.05, a quick ratio of 2.13 and a debt-to-equity ratio of 0.46.

IDEX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, July 11th. IDEX's payout ratio is presently 45.88%.

Insider Buying and Selling at IDEX

In other IDEX news, CFO Akhil Mahendra sold 250 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $180.89, for a total transaction of $45,222.50. Following the sale, the chief financial officer owned 5,035 shares of the company's stock, valued at approximately $910,781.15. The trade was a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.50% of the company's stock.

Institutional Trading of IDEX

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. New York Life Investment Management LLC grew its stake in shares of IDEX by 1.4% during the second quarter. New York Life Investment Management LLC now owns 10,317 shares of the industrial products company's stock worth $1,811,000 after buying an additional 147 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of IDEX during the second quarter worth $841,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of IDEX by 15.7% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 35,418 shares of the industrial products company's stock worth $6,218,000 after buying an additional 4,800 shares during the last quarter. Guinness Asset Management LTD grew its stake in shares of IDEX by 8.0% during the second quarter. Guinness Asset Management LTD now owns 2,246 shares of the industrial products company's stock worth $394,000 after buying an additional 167 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of IDEX by 3.6% during the second quarter. Teacher Retirement System of Texas now owns 11,473 shares of the industrial products company's stock worth $2,014,000 after buying an additional 403 shares during the last quarter. 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.

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