Zacks Research Brokers Increase Earnings Estimates for IDEX

IDEX Corporation (NYSE:IEX - Free Report) - Stock analysts at Zacks Research boosted their FY2026 EPS estimates for shares of IDEX in a report released on Wednesday, June 25th. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings of $8.63 per share for the year, up from their previous estimate of $8.62. The consensus estimate for IDEX's current full-year earnings is $8.26 per share.

IDEX (NYSE:IEX - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $814.30 million during the quarter, compared to analysts' expectations of $807.25 million. During the same quarter last year, the company earned $1.88 earnings per share. The company's revenue for the quarter was up 1.7% compared to the same quarter last year.

Several other equities research analysts also recently commented on IEX. Royal Bank Of Canada boosted their target price on shares of IDEX from $206.00 to $208.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Robert W. Baird set a $215.00 price target on shares of IDEX in a research report on Friday, May 2nd. Stifel Nicolaus upped their price objective on shares of IDEX from $192.00 to $208.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Citigroup cut their target price on shares of IDEX from $264.00 to $201.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, Mizuho set a $185.00 price target on IDEX in a research report on Friday, May 16th. Three equities 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 stock currently has an average rating of "Moderate Buy" and an average target price of $212.50.

IDEX Stock Performance

Shares of NYSE:IEX opened at $176.29 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.79 and a quick ratio of 1.99. The business's fifty day moving average price is $179.50 and its two-hundred day moving average price is $190.39. IDEX has a fifty-two week low of $153.36 and a fifty-two week high of $238.22. The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 1.79 and a beta of 1.06.

IDEX Announces Dividend

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

Insiders Place Their Bets

In other IDEX news, CFO Akhil Mahendra sold 250 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On IDEX

Institutional investors have recently modified their holdings of the business. Swedbank AB boosted its stake in IDEX by 16.2% in the first quarter. Swedbank AB now owns 55,396 shares of the industrial products company's stock valued at $10,025,000 after acquiring an additional 7,726 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of IDEX by 2.5% in the 1st quarter. Voya Investment Management LLC now owns 27,556 shares of the industrial products company's stock worth $4,987,000 after purchasing an additional 665 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of IDEX by 1.1% during the first quarter. IFM Investors Pty Ltd now owns 18,818 shares of the industrial products company's stock worth $3,405,000 after purchasing an additional 210 shares during the period. Glenview Trust co increased its holdings in IDEX by 4.9% in the first quarter. Glenview Trust co now owns 6,829 shares of the industrial products company's stock valued at $1,236,000 after purchasing an additional 321 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in IDEX by 2.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 769,341 shares of the industrial products company's stock valued at $139,228,000 after buying an additional 21,787 shares during the period. Institutional investors and hedge funds own 97.96% of the company's stock.

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.

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