Zacks Research Analysts Raise Earnings Estimates for IDEX

IDEX Corporation (NYSE:IEX) – Zacks Research raised their Q1 2027 earnings per share estimates for IDEX in a research report issued on Wednesday, June 25th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings of $2.19 per share for the quarter, up from their previous estimate of $2.18. The consensus estimate for IDEX’s current full-year earnings is $8.26 per share. Zacks Research also issued estimates for IDEX’s FY2027 earnings at $9.44 EPS.

A number of other equities analysts have also weighed in on IEX. Mizuho set a $185.00 price objective on IDEX in a research note on Friday, May 16th. Stifel Nicolaus upped their price objective on IDEX from $192.00 to $208.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Royal Bank Of Canada upped their price objective on IDEX from $206.00 to $208.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Robert W. Baird set a $215.00 price objective on IDEX in a research note on Friday, May 2nd. Finally, Citigroup dropped their price objective on IDEX from $264.00 to $201.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $212.50.

IDEX Stock Performance

NYSE:IEX opened at $176.29 on Friday. The stock has a 50-day simple moving average of $179.50 and a two-hundred day simple moving average of $190.63. IDEX has a 52-week low of $153.36 and a 52-week high of $238.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.99 and a current ratio of 2.79. The firm has a market capitalization of $13.32 billion, a PE ratio of 27.94, a P/E/G ratio of 1.79 and a beta of 1.06.

IDEX (NYSE:IEX) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.11. IDEX had a return on equity of 15.51% and a net margin of 14.60%. The business had revenue of $814.30 million during the quarter, compared to analyst estimates of $807.25 million. During the same quarter in the previous year, the company posted $1.88 earnings per share. IDEX’s revenue for the quarter was up 1.7% on a year-over-year basis.

Institutional Investors Weigh In On IDEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in IDEX by 13.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 640,717 shares of the industrial products company’s stock valued at $134,096,000 after purchasing an additional 73,540 shares during the period. Snyder Capital Management L P raised its position in IDEX by 12.2% during the fourth quarter. Snyder Capital Management L P now owns 480,193 shares of the industrial products company’s stock valued at $100,500,000 after purchasing an additional 52,259 shares during the period. Assetmark Inc. raised its position in IDEX by 129.1% during the fourth quarter. Assetmark Inc. now owns 417 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 235 shares during the period. Oppenheimer Asset Management Inc. raised its position in IDEX by 0.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 8,332 shares of the industrial products company’s stock valued at $1,508,000 after purchasing an additional 61 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in IDEX during the fourth quarter valued at approximately $10,212,000. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at IDEX

In other IDEX news, CFO Akhil Mahendra sold 250 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $180.89, for a total transaction of $45,222.50. Following the sale, the chief financial officer now directly owns 5,035 shares in the company, valued at $910,781.15. This represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.50% of the stock is owned by corporate insiders.

IDEX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Friday, July 11th. IDEX’s payout ratio is presently 45.01%.

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.