DA Davidson Forecasts IDEX’s Q1 Earnings (NYSE:IEX)

IDEX Co. (NYSE:IEX) – Stock analysts at DA Davidson issued their Q1 2025 earnings estimates for IDEX in a research report issued on Wednesday, February 19th. DA Davidson analyst M. Summerville forecasts that the industrial products company will post earnings per share of $1.64 for the quarter. DA Davidson has a “Neutral” rating and a $215.00 price objective on the stock. The consensus estimate for IDEX’s current full-year earnings is $8.31 per share. DA Davidson also issued estimates for IDEX’s FY2025 earnings at $8.20 EPS and FY2026 earnings at $9.05 EPS.

Other equities research analysts have also recently issued research reports about the stock. Robert W. Baird dropped their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus lifted their target price on shares of IDEX from $244.00 to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada reduced their price target on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Finally, Citigroup reduced their price target on shares of IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $241.71.

IDEX Price Performance

Shares of IEX opened at $195.92 on Thursday. IDEX has a twelve month low of $189.51 and a twelve month high of $246.36. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $210.29 and a 200 day moving average of $211.39. The company has a market capitalization of $14.83 billion, a P/E ratio of 29.46, a price-to-earnings-growth ratio of 1.97 and a beta of 0.97.

IDEX (NYSE:IEX) last announced its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%.

Institutional Trading of IDEX

Large investors have recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. grew its holdings in IDEX by 2.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company’s stock valued at $36,041,000 after purchasing an additional 4,465 shares during the last quarter. Cerity Partners LLC boosted its position in IDEX by 48.3% in the 3rd quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company’s stock valued at $4,426,000 after buying an additional 6,720 shares during the period. Asset Management One Co. Ltd. boosted its position in IDEX by 4.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company’s stock valued at $6,386,000 after buying an additional 1,209 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in IDEX by 7.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 250,443 shares of the industrial products company’s stock valued at $53,720,000 after buying an additional 16,504 shares during the period. Finally, Covea Finance boosted its position in IDEX by 70.6% in the 4th quarter. Covea Finance now owns 14,500 shares of the industrial products company’s stock valued at $3,035,000 after buying an additional 6,000 shares during the period. 97.96% of the stock is currently owned by institutional investors.

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.