IDEX (NYSE:IEX) Issues Quarterly Earnings Results

IDEX (NYSE:IEX) released its earnings results on Tuesday. The industrial products company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.01, Zacks reports. IDEX had a net margin of 15.35% and a return on equity of 15.92%. IDEX updated its FY 2025 guidance to 8.100-8.450 EPS and its Q1 2025 guidance to 1.600-1.650 EPS.

IDEX Stock Performance

Shares of IDEX stock traded up $2.62 during trading on Thursday, hitting $200.20. 160,017 shares of the stock were exchanged, compared to its average volume of 469,663. IDEX has a 1-year low of $189.51 and a 1-year high of $246.36. The stock has a market capitalization of $15.16 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 2.21 and a beta of 0.97. The company has a fifty day moving average price of $217.63 and a 200-day moving average price of $212.00. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 17th were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Friday, January 17th. IDEX’s dividend payout ratio is currently 42.72%.

Analyst Ratings Changes

A number of brokerages recently commented on IEX. Robert W. Baird decreased their price objective on IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Stifel Nicolaus boosted their target price on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada increased their price target on shares of IDEX from $248.00 to $258.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Finally, Citigroup decreased their price objective on shares of IDEX from $269.00 to $267.00 and set a “buy” rating for the company in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, IDEX has an average rating of “Moderate Buy” and an average price target of $242.86.

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.