Brokers Issue Forecasts for IDEX's Q1 Earnings (NYSE:IEX)

IDEX Corporation (NYSE:IEX - Free Report) - Zacks Research increased their Q1 2027 EPS estimates for IDEX in a research note issued on Wednesday, June 25th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $2.19 for the quarter, up from their prior estimate 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 issued its quarterly earnings data on Thursday, May 1st. The industrial products company reported $1.75 EPS for the quarter, topping 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 business had revenue of $814.30 million during the quarter, compared to analysts' expectations of $807.25 million. During the same period last year, the company posted $1.88 EPS. The business's revenue was up 1.7% on a year-over-year basis.

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

IDEX Trading Down 0.4%

IEX traded down $0.65 on Friday, hitting $175.67. The company had a trading volume of 609,302 shares, compared to its average volume of 641,274. The business's fifty day simple moving average is $179.50 and its 200 day simple moving average is $190.39. The company has a quick ratio of 1.99, a current ratio of 2.79 and a debt-to-equity ratio of 0.47. IDEX has a 12-month low of $153.36 and a 12-month high of $238.22. The company has a market cap of $13.27 billion, a PE ratio of 27.84, a PEG ratio of 1.79 and a beta of 1.06.

Hedge Funds Weigh In On IDEX

A number of institutional investors have recently modified their holdings of IEX. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of IDEX by 81.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 143 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 64 shares during the period. Banque de Luxembourg S.A. bought a new stake in IDEX during the 4th quarter valued at $27,000. UMB Bank n.a. lifted its holdings in shares of IDEX by 63.5% in the 1st quarter. UMB Bank n.a. now owns 224 shares of the industrial products company's stock worth $41,000 after buying an additional 87 shares during the period. Quarry LP bought a new position in shares of IDEX during the 4th quarter worth $49,000. Finally, SVB Wealth LLC purchased a new position in shares of IDEX during the first quarter valued at $56,000. 97.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Akhil Mahendra sold 250 shares of IDEX stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $180.89, for a total transaction of $45,222.50. Following the completion of the sale, the chief financial officer now owns 5,035 shares in the company, valued at $910,781.15. This trade represents a 4.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.50% of the company's stock.

IDEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $2.84 annualized dividend and a dividend yield of 1.62%. IDEX's dividend payout ratio (DPR) is 45.01%.

IDEX Company Profile

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.