Zacks Research Comments on IDEX’s FY2025 Earnings (NYSE:IEX)

IDEX Co. (NYSE:IEX) – Investment analysts at Zacks Research raised their FY2025 earnings per share estimates for shares of IDEX in a research report issued to clients and investors on Tuesday, December 31st. Zacks Research analyst R. Department now anticipates that the industrial products company will post earnings per share of $8.44 for the year, up from their previous forecast of $8.43. The consensus estimate for IDEX’s current full-year earnings is $7.89 per share. Zacks Research also issued estimates for IDEX’s FY2026 earnings at $9.24 EPS.

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

A number of other analysts have also commented on IEX. Stifel Nicolaus boosted their price objective on shares of IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Citigroup boosted their price target on shares of IDEX from $251.00 to $269.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Robert W. Baird decreased their price objective on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Royal Bank of Canada increased their price target on IDEX from $248.00 to $258.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.14.

IDEX Trading Up 0.5 %

NYSE IEX opened at $207.02 on Friday. The stock has a market capitalization of $15.68 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 2.36 and a beta of 0.96. IDEX has a 52 week low of $189.51 and a 52 week high of $246.36. The stock’s 50 day moving average price is $221.92 and its two-hundred day moving average price is $209.63. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.11 and a current ratio of 2.97.

IDEX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.69 dividend. The ex-dividend date is Friday, January 17th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.33%. IDEX’s payout ratio is 42.72%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IEX. Everence Capital Management Inc. bought a new position in IDEX during the fourth quarter worth $341,000. GAMMA Investing LLC boosted its holdings in shares of IDEX by 416.0% during the 4th quarter. GAMMA Investing LLC now owns 614 shares of the industrial products company’s stock worth $129,000 after buying an additional 495 shares during the period. Principal Financial Group Inc. grew its stake in IDEX by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 95,836 shares of the industrial products company’s stock valued at $20,557,000 after buying an additional 2,820 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in IDEX in the 3rd quarter valued at about $1,514,000. Finally, Franklin Resources Inc. lifted its position in IDEX by 1.0% during the third quarter. Franklin Resources Inc. now owns 203,412 shares of the industrial products company’s stock worth $43,390,000 after acquiring an additional 1,930 shares during the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

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.