Analysts Set Expectations for IDEX’s Q4 Earnings (NYSE:IEX)

IDEX Co. (NYSE:IEX) – Research analysts at DA Davidson issued their Q4 2024 EPS estimates for shares of IDEX in a research note issued on Tuesday, November 5th. DA Davidson analyst M. Summerville anticipates that the industrial products company will post earnings per share of $2.04 for the quarter. DA Davidson currently has a “Neutral” rating and a $210.00 target price on the stock. The consensus estimate for IDEX’s current full-year earnings is $7.87 per share. DA Davidson also issued estimates for IDEX’s FY2025 earnings at $8.45 EPS.

IEX has been the topic of a number of other reports. Oppenheimer cut their target price on IDEX from $245.00 to $238.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Argus lowered shares of IDEX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Robert W. Baird decreased 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, October 31st. Stifel Nicolaus lifted their price target on IDEX from $232.00 to $244.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Royal Bank of Canada increased their price objective on IDEX from $236.00 to $248.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $241.14.

IDEX Trading Down 2.6 %

Shares of NYSE IEX opened at $228.90 on Wednesday. The company has a market cap of $17.33 billion, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 2.32 and a beta of 0.96. The stock’s 50 day simple moving average is $208.89 and its 200 day simple moving average is $207.63. The company has a current ratio of 2.97, a quick ratio of 2.11 and a debt-to-equity ratio of 0.54. IDEX has a 12-month low of $189.33 and a 12-month high of $246.36.

IDEX (NYSE:IEX) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The firm had revenue of $798.20 million for the quarter, compared to analysts’ expectations 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 last year, the company posted $2.12 earnings per share.

Institutional Investors Weigh In On IDEX

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

IDEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a dividend of $0.69 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.21%. IDEX’s dividend payout ratio is presently 42.72%.

IDEX Company Profile

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.