Zacks Research Analysts Increase Earnings Estimates for IDEX

IDEX Corporation (NYSE:IEX - Free Report) - Investment analysts at Zacks Research lifted their Q1 2027 earnings per share estimates for IDEX in a research note issued to investors on Wednesday, June 25th. Zacks Research analyst R. Department now anticipates that the industrial products company will earn $2.19 per share for the quarter, up from their previous forecast of $2.18. The consensus estimate for IDEX's current full-year earnings is $8.26 per share. Zacks Research also issued estimates for IDEX's FY2027 earnings at $9.44 EPS.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.11. IDEX had a net margin of 14.60% and a return on equity of 15.51%. The company had revenue of $814.30 million during the quarter, compared to analysts' expectations of $807.25 million. During the same quarter in the prior year, the company earned $1.88 EPS. The firm's revenue was up 1.7% on a year-over-year basis.

IEX has been the subject of several other reports. Stifel Nicolaus increased their target price on IDEX from $192.00 to $208.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Citigroup lowered their price objective on IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Robert W. Baird set a $215.00 price objective on IDEX in a research note on Friday, May 2nd. Mizuho set a $185.00 target price on shares of IDEX in a research note on Friday, May 16th. Finally, Royal Bank Of Canada increased their price target on shares of IDEX from $206.00 to $208.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $212.50.

IDEX Trading Down 0.0%

NYSE IEX traded down $0.06 during trading on Friday, hitting $176.29. 788,116 shares of the company's stock traded hands, compared to its average volume of 596,976. The stock has a fifty day moving average of $179.25 and a two-hundred day moving average of $191.24. IDEX has a 12-month low of $153.36 and a 12-month high of $238.22. The firm has a market cap of $13.32 billion, a P/E ratio of 27.94, a PEG ratio of 1.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.79 and a quick ratio of 1.99.

IDEX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 1.61%. The ex-dividend date is Friday, July 11th. IDEX's dividend payout ratio (DPR) is currently 45.01%.

Insider Buying and Selling at IDEX

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IEX. Horizon Investments LLC grew its stake in IDEX by 5.2% in the first quarter. Horizon Investments LLC now owns 1,087 shares of the industrial products company's stock worth $197,000 after purchasing an additional 54 shares during the period. Empowered Funds LLC boosted its holdings in shares of IDEX by 3.4% during the 1st quarter. Empowered Funds LLC now owns 1,646 shares of the industrial products company's stock valued at $298,000 after buying an additional 54 shares in the last quarter. Alps Advisors Inc. grew its position in shares of IDEX by 1.0% in the 1st quarter. Alps Advisors Inc. now owns 5,990 shares of the industrial products company's stock worth $1,084,000 after buying an additional 60 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of IDEX by 1.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,925 shares of the industrial products company's stock worth $1,031,000 after acquiring an additional 61 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in IDEX by 0.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,332 shares of the industrial products company's stock valued at $1,508,000 after acquiring an additional 61 shares during the period. Hedge funds and other 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.