Seaport Res Ptn Has Negative Outlook for IDEX Q1 Earnings

IDEX Co. (NYSE:IEX) – Analysts at Seaport Res Ptn lowered their Q1 2025 earnings per share estimates for shares of IDEX in a note issued to investors on Thursday, October 31st. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings of $1.99 per share for the quarter, down from their prior forecast of $2.04. The consensus estimate for IDEX’s current full-year earnings is $7.87 per share. Seaport Res Ptn also issued estimates for IDEX’s Q2 2025 earnings at $2.21 EPS and Q3 2025 earnings at $2.16 EPS.

A number of other analysts also recently issued reports on the company. Argus downgraded IDEX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 14th. TD Cowen cut their price target on shares of IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. DA Davidson lowered their price objective on shares of IDEX from $220.00 to $210.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. Robert W. Baird cut their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Stifel Nicolaus raised their price target on IDEX from $232.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $241.14.

IDEX Price Performance

NYSE:IEX opened at $216.05 on Monday. The firm has a market capitalization of $16.35 billion, a price-to-earnings ratio of 33.44, a P/E/G ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.52 and a current ratio of 2.97. The stock has a fifty day moving average of $207.06 and a 200 day moving average of $207.50. IDEX has a 52-week low of $189.33 and a 52-week high of $246.36.

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

IDEX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, October 11th. IDEX’s dividend payout ratio is presently 42.72%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Catalyst Capital Advisors LLC grew its holdings in IDEX by 73.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 59 shares during the last quarter. Assetmark Inc. purchased a new position in IDEX during the 3rd quarter valued at about $39,000. EdgeRock Capital LLC purchased a new position in IDEX during the 2nd quarter valued at about $41,000. Whittier Trust Co. lifted its holdings in IDEX by 38.4% in the 2nd quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock worth $42,000 after buying an additional 58 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of IDEX by 100.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 200 shares of the industrial products company’s stock worth $43,000 after buying an additional 100 shares during the last quarter. 97.96% of the stock is 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.