Seaport Res Ptn Issues Negative Outlook for IDEX Earnings

IDEX Co. (NYSE:IEX) – Equities researchers at Seaport Res Ptn lowered their Q1 2025 earnings estimates for IDEX in a report issued on Thursday, October 31st. Seaport Res Ptn analyst W. Liptak now forecasts that the industrial products company will post earnings per share of $1.99 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 research firms have also commented on IEX. Royal Bank of Canada raised their price objective on shares of IDEX from $236.00 to $248.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Robert W. Baird reduced their target price on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. DA Davidson reduced their target price on shares of IDEX from $220.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, August 5th. TD Cowen reduced their target price on shares of IDEX from $240.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Argus cut shares of IDEX from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.14.

IDEX Price Performance

NYSE IEX opened at $219.00 on Monday. IDEX has a 12 month low of $189.33 and a 12 month high of $246.36. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.97 and a quick ratio of 2.52. The firm has a market capitalization of $16.58 billion, a PE ratio of 33.90, a P/E/G ratio of 2.27 and a beta of 0.96. The company’s 50 day simple moving average is $207.06 and its 200 day simple moving average is $207.36.

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

IDEX Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Friday, October 11th. IDEX’s dividend payout ratio is 42.72%.

Hedge Funds Weigh In On IDEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of IDEX by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,964,956 shares of the industrial products company’s stock valued at $1,943,609,000 after buying an additional 555,250 shares during the period. Van ECK Associates Corp boosted its stake in shares of IDEX by 9,424.6% during the 3rd quarter. Van ECK Associates Corp now owns 1,032,277 shares of the industrial products company’s stock valued at $211,473,000 after buying an additional 1,021,439 shares during the period. Hsbc Holdings PLC boosted its stake in shares of IDEX by 75.6% during the 2nd quarter. Hsbc Holdings PLC now owns 519,124 shares of the industrial products company’s stock valued at $104,179,000 after buying an additional 223,422 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of IDEX by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 470,672 shares of the industrial products company’s stock valued at $94,698,000 after buying an additional 78,551 shares during the period. Finally, Ceredex Value Advisors LLC boosted its stake in shares of IDEX by 4.8% during the 3rd quarter. Ceredex Value Advisors LLC now owns 436,550 shares of the industrial products company’s stock valued at $93,640,000 after buying an additional 20,175 shares during the period. Institutional investors and hedge funds own 97.96% of the company’s stock.

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.