IDEX Co. (NYSE:IEX - Free Report) - Equities researchers at Seaport Res Ptn issued their FY2025 earnings estimates for shares of IDEX in a research report issued on Monday, May 5th. Seaport Res Ptn analyst W. Liptak forecasts that the industrial products company will earn $8.33 per share for the year. The consensus estimate for IDEX's current full-year earnings is $8.26 per share. Seaport Res Ptn also issued estimates for IDEX's Q2 2026 earnings at $2.07 EPS and Q4 2026 earnings at $2.50 EPS.
A number of other research firms have also recently issued reports on IEX. Royal Bank of Canada upped their price objective on shares of IDEX from $206.00 to $208.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. DA Davidson lowered their price objective on shares of IDEX from $225.00 to $215.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Citigroup lowered their price objective on shares of IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Stifel Nicolaus upped their price target on shares of IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Mizuho set a $175.00 price target on shares of IDEX in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $211.25.
View Our Latest Analysis on IEX
IDEX Price Performance
Shares of IDEX stock traded down $0.15 on Thursday, reaching $191.14. 183,133 shares of the stock were exchanged, compared to its average volume of 576,028. The firm's 50 day moving average is $176.45 and its 200-day moving average is $201.13. The firm has a market cap of $14.44 billion, a PE ratio of 28.74, a P/E/G ratio of 1.98 and a beta of 1.07. IDEX has a one year low of $153.36 and a one year high of $238.22. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53.
IDEX (NYSE:IEX - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.11. IDEX had a net margin of 15.45% and a return on equity of 16.08%. The company had revenue of $814.30 million during the quarter, compared to the consensus estimate of $807.25 million. During the same quarter in the prior year, the firm posted $1.88 EPS. The firm's quarterly revenue was up 1.7% on a year-over-year basis.
IDEX Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a dividend of $0.71 per share. The ex-dividend date is Monday, May 19th. This is a boost from IDEX's previous quarterly dividend of $0.69. This represents a $2.84 annualized dividend and a dividend yield of 1.49%. IDEX's dividend payout ratio is 43.74%.
Institutional Investors Weigh In On IDEX
Several large investors have recently modified their holdings of IEX. Wellington Management Group LLP grew its holdings in IDEX by 49.1% in the fourth quarter. Wellington Management Group LLP now owns 4,219,596 shares of the industrial products company's stock worth $883,119,000 after purchasing an additional 1,388,667 shares during the period. Norges Bank acquired a new stake in IDEX in the fourth quarter worth $217,658,000. Price T Rowe Associates Inc. MD grew its holdings in IDEX by 8.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,666,777 shares of the industrial products company's stock worth $767,421,000 after purchasing an additional 277,964 shares during the period. Flossbach Von Storch SE acquired a new stake in IDEX in the first quarter worth $49,815,000. Finally, Allianz Asset Management GmbH grew its holdings in IDEX by 133.2% in the fourth quarter. Allianz Asset Management GmbH now owns 406,637 shares of the industrial products company's stock worth $85,105,000 after purchasing an additional 232,255 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.
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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