Analysts Set Expectations for IDEX’s Q4 Earnings (NYSE:IEX)

IDEX Co. (NYSE:IEX) – Analysts at Zacks Research raised their Q4 2024 earnings estimates for IDEX in a research report issued on Monday, November 25th. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings per share of $2.03 for the quarter, up from their previous estimate of $2.02. The consensus estimate for IDEX’s current full-year earnings is $7.88 per share. Zacks Research also issued estimates for IDEX’s Q1 2025 earnings at $1.99 EPS, Q4 2025 earnings at $2.20 EPS, FY2025 earnings at $8.43 EPS, Q1 2026 earnings at $2.22 EPS, Q3 2026 earnings at $2.25 EPS and FY2026 earnings at $9.23 EPS.

A number of other equities research analysts have also issued reports on IEX. Oppenheimer dropped their price objective on shares of IDEX from $245.00 to $238.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Stifel Nicolaus increased their price target on shares of IDEX from $232.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Argus lowered shares of IDEX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Robert W. Baird lowered their price objective on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, Royal Bank of Canada lifted their target price on IDEX from $236.00 to $248.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.14.

IDEX Stock Down 0.4 %

Shares of NYSE:IEX opened at $231.10 on Thursday. IDEX has a 52-week low of $189.51 and a 52-week high of $246.36. The stock has a market cap of $17.50 billion, a P/E ratio of 35.77, a PEG ratio of 2.50 and a beta of 0.96. The business has a fifty day moving average of $216.81 and a two-hundred day moving average of $208.07. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54.

IDEX (NYSE:IEX) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.01. IDEX had a return on equity of 15.92% and a net margin of 15.35%. The business had revenue of $798.20 million for the quarter, compared to analysts’ expectations of $793.05 million. During the same period in the previous year, the firm posted $2.12 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year.

Institutional Trading of IDEX

Several hedge funds have recently made changes to their positions in the business. State Street Corp increased its holdings in IDEX by 0.5% during the 3rd quarter. State Street Corp now owns 3,017,976 shares of the industrial products company’s stock worth $647,356,000 after purchasing an additional 15,077 shares during the period. Wellington Management Group LLP raised its holdings in IDEX by 108.4% in the third quarter. Wellington Management Group LLP now owns 2,830,929 shares of the industrial products company’s stock valued at $607,234,000 after acquiring an additional 1,472,456 shares in the last quarter. Geode Capital Management LLC lifted its stake in IDEX by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,891,175 shares of the industrial products company’s stock worth $404,339,000 after acquiring an additional 23,388 shares during the last quarter. Champlain Investment Partners LLC grew its holdings in IDEX by 28.8% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,223,676 shares of the industrial products company’s stock worth $262,479,000 after acquiring an additional 273,460 shares in the last quarter. Finally, Barclays PLC increased its position in shares of IDEX by 1.2% in the 3rd quarter. Barclays PLC now owns 1,177,645 shares of the industrial products company’s stock valued at $252,603,000 after purchasing an additional 14,360 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a $0.69 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.76 annualized dividend and a dividend yield of 1.19%. IDEX’s dividend payout ratio is presently 42.72%.

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.