IDEX Co. (NYSE:IEX – Free Report) – Equities analysis analysts at Zacks Analysis lowered their This fall 2024 earnings estimates for IDEX in a analysis observe issued on Tuesday, November nineteenth. Zacks Analysis analyst R. Division now expects that the economic merchandise firm will earn $2.02 per share for the quarter, down from their earlier estimate of $2.05. The consensus estimate for IDEX’s present full-year earnings is $7.88 per share. Zacks Analysis additionally issued estimates for IDEX’s Q1 2025 earnings at $1.98 EPS, Q2 2025 earnings at $2.22 EPS, Q3 2025 earnings at $2.08 EPS, This fall 2025 earnings at $2.14 EPS, FY2025 earnings at $8.41 EPS, Q2 2026 earnings at $2.38 EPS, Q3 2026 earnings at $2.20 EPS and FY2026 earnings at $9.18 EPS.
Quite a lot of different analysis analysts additionally just lately commented on the inventory. Stifel Nicolaus upped their worth goal on shares of IDEX from $232.00 to $244.00 and gave the corporate a “purchase” score in a analysis observe on Wednesday, October sixteenth. Argus downgraded shares of IDEX from a “purchase” score to a “maintain” score in a analysis observe on Wednesday, August 14th. Royal Financial institution of Canada boosted their worth goal on shares of IDEX from $236.00 to $248.00 and gave the corporate an “outperform” score in a analysis observe on Thursday, October thirty first. Robert W. Baird lower their goal worth on IDEX from $245.00 to $241.00 and set an “outperform” score on the inventory in a analysis report on Thursday, October thirty first. Lastly, TD Cowen lowered their worth goal on IDEX from $240.00 to $230.00 and set a “purchase” score for the corporate in a analysis report on Wednesday, August seventh. Three analysts have rated the inventory with a maintain score and 6 have given a purchase score to the corporate’s inventory. Primarily based on information from MarketBeat, the corporate has a mean score of “Average Purchase” and a mean goal worth of $241.14.
Learn Our Newest Evaluation on IDEX
IDEX Inventory Efficiency
NYSE IEX opened at $232.50 on Thursday. The corporate has a present ratio of two.97, a fast ratio of two.11 and a debt-to-equity ratio of 0.54. The corporate has a market capitalization of $17.60 billion, a PE ratio of 35.99, a price-to-earnings-growth ratio of two.36 and a beta of 0.96. The enterprise’s 50-day shifting common worth is $215.08 and its 200 day shifting common worth is $207.96. IDEX has a twelve month low of $189.51 and a twelve month excessive of $246.36.
IDEX (NYSE:IEX – Get Free Report) final issued its quarterly earnings outcomes on Tuesday, October twenty ninth. The commercial merchandise firm reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The corporate had income of $798.20 million for the quarter, in comparison with analyst estimates of $793.05 million. IDEX had a return on fairness of 15.92% and a web margin of 15.35%. The enterprise’s income for the quarter was up .6% in comparison with the identical quarter final yr. Throughout the identical quarter within the prior yr, the corporate posted $2.12 EPS.
IDEX Dividend Announcement
The enterprise additionally just lately disclosed a quarterly dividend, which shall be paid on Friday, January thirty first. Shareholders of report on Friday, January seventeenth shall be given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, January seventeenth. IDEX’s dividend payout ratio (DPR) is presently 42.72%.
Institutional Buying and selling of IDEX
Giant traders have just lately purchased and bought shares of the corporate. Blair William & Co. IL elevated its place in shares of IDEX by 6.3% throughout the first quarter. Blair William & Co. IL now owns 3,104 shares of the economic merchandise firm’s inventory value $757,000 after buying an extra 183 shares over the last quarter. O Shaughnessy Asset Administration LLC boosted its stake in shares of IDEX by 33.4% throughout the 1st quarter. O Shaughnessy Asset Administration LLC now owns 2,752 shares of the economic merchandise firm’s inventory valued at $672,000 after shopping for an extra 689 shares over the last quarter. UniSuper Administration Pty Ltd grew its place in shares of IDEX by 418.9% throughout the first quarter. UniSuper Administration Pty Ltd now owns 4,795 shares of the economic merchandise firm’s inventory value $1,170,000 after shopping for an extra 3,871 shares within the final quarter. Bessemer Group Inc. elevated its stake in shares of IDEX by 7.5% within the first quarter. Bessemer Group Inc. now owns 1,179 shares of the economic merchandise firm’s inventory value $287,000 after shopping for an extra 82 shares over the last quarter. Lastly, Lake Road Advisors Group LLC acquired a brand new stake in IDEX within the first quarter valued at $243,000. Institutional traders and hedge funds personal 97.96% of the corporate’s inventory.
IDEX Firm Profile
IDEX Company, along with its subsidiaries, supplies utilized options worldwide. The corporate operates by way of three segments: Fluid & Metering Applied sciences (FMT), Well being & Science Applied sciences (HST), and Hearth & Security/Diversified Merchandise (FSDP). The FMT phase designs, produces, and distributes constructive displacement pumps, valves, small quantity provers, movement meters, injectors, and different fluid-handling pump modules and techniques, in addition to movement monitoring and different providers for the meals, chemical, normal industrial, water and wastewater, agricultural, and power industries.
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