IDEX Co. (NYSE:IEX) announced a quarterly dividend on Monday, December 4th, RTT News reports. Shareholders of record on Monday, January 15th will be given a dividend of 0.37 per share by the industrial products company on Tuesday, January 30th. This represents a $1.48 dividend on an annualized basis and a yield of 1.11%.

IDEX has raised its dividend payment by an average of 14.6% annually over the last three years and has raised its dividend every year for the last 7 years. IDEX has a dividend payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect IDEX to earn $4.66 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 31.8%.

Shares of IDEX (NYSE IEX) traded down $0.40 during mid-day trading on Monday, hitting $133.59. 253,891 shares of the stock traded hands, compared to its average volume of 306,103. IDEX has a one year low of $88.29 and a one year high of $135.70. The firm has a market cap of $10,237.08, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 2.42 and a beta of 1.24. The company has a quick ratio of 2.04, a current ratio of 2.84 and a debt-to-equity ratio of 0.48.

IDEX (NYSE:IEX) last announced its quarterly earnings results on Monday, October 16th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.02. IDEX had a net margin of 13.48% and a return on equity of 19.07%. The company had revenue of $574.50 million during the quarter, compared to analyst estimates of $563.23 million. During the same quarter in the previous year, the business earned $0.92 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. sell-side analysts predict that IDEX will post 4.26 earnings per share for the current year.

Several equities analysts have recently issued reports on the stock. Seaport Global Securities reissued a “neutral” rating on shares of IDEX in a report on Wednesday, October 18th. Robert W. Baird reissued a “buy” rating on shares of IDEX in a report on Friday, October 20th. Oppenheimer reissued a “hold” rating on shares of IDEX in a report on Wednesday, October 18th. Royal Bank Of Canada boosted their price target on shares of IDEX from $124.00 to $126.00 and gave the company a “sector perform” rating in a report on Wednesday, October 18th. Finally, SunTrust Banks reissued a “hold” rating and issued a $118.00 price target on shares of IDEX in a report on Tuesday, October 17th. They noted that the move was a valuation call. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $113.78.

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IDEX Company Profile

IDEX Corporation (IDEX) operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The Company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST) and Fire & Safety/Diversified Products (FSDP).

Dividend History for IDEX (NYSE:IEX)

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