Zacks Research Weighs in on IDEX Co.’s Q1 2025 Earnings (NYSE:IEX)

IDEX Co. (NYSE:IEX) – Investment analysts at Zacks Research increased their Q1 2025 earnings estimates for IDEX in a report issued on Wednesday, June 26th. Zacks Research analyst R. Department now expects that the industrial products company will earn $2.01 per share for the quarter, up from their prior estimate of $2.00. The consensus estimate for IDEX’s current full-year earnings is $8.31 per share. Zacks Research also issued estimates for IDEX’s FY2025 earnings at $9.09 EPS.

IDEX (NYSE:IEX) last released its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.12. IDEX had a net margin of 17.89% and a return on equity of 17.60%. The business had revenue of $801.00 million during the quarter, compared to analysts’ expectations of $807.52 million. During the same period in the previous year, the company earned $2.09 EPS. The company’s revenue for the quarter was down 5.3% on a year-over-year basis.

Other equities research analysts have also recently issued reports about the stock. StockNews.com raised shares of IDEX from a “hold” rating to a “buy” rating in a report on Saturday, May 18th. Robert W. Baird reduced their price objective on IDEX from $260.00 to $256.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Oppenheimer lifted their target price on IDEX from $245.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Citigroup upped their price target on IDEX from $254.00 to $277.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $255.00 price target on shares of IDEX in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, IDEX presently has an average rating of “Moderate Buy” and an average price target of $250.71.

IDEX Stock Performance

NYSE IEX opened at $201.20 on Friday. The company has a market capitalization of $15.23 billion, a PE ratio of 26.47, a P/E/G ratio of 2.00 and a beta of 0.99. IDEX has a 1 year low of $183.76 and a 1 year high of $246.36. The company has a fifty day moving average of $213.18 and a two-hundred day moving average of $221.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.37 and a quick ratio of 2.45.

IDEX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, July 12th. IDEX’s dividend payout ratio is currently 36.32%.

Hedge Funds Weigh In On IDEX

Several large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its stake in shares of IDEX by 38.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 287 shares of the industrial products company’s stock valued at $70,000 after acquiring an additional 80 shares during the last quarter. SG Capital Management LLC acquired a new position in IDEX during the first quarter worth approximately $10,860,000. DekaBank Deutsche Girozentrale raised its stake in IDEX by 1.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 103,147 shares of the industrial products company’s stock worth $25,013,000 after purchasing an additional 1,763 shares during the period. Cetera Investment Advisers boosted its holdings in shares of IDEX by 301.3% in the 1st quarter. Cetera Investment Advisers now owns 6,902 shares of the industrial products company’s stock valued at $1,684,000 after purchasing an additional 5,182 shares during the last quarter. Finally, Atria Investments Inc grew its stake in shares of IDEX by 4.5% during the 1st quarter. Atria Investments Inc now owns 7,599 shares of the industrial products company’s stock valued at $1,854,000 after buying an additional 324 shares during the period. 97.96% of the stock is currently owned by hedge funds and other 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.