IDEX Corporation (IEX) To Go Ex-Dividend on July 6th

IDEX Corporation (NYSE:IEXGet Free Report) announced a quarterly dividend on Wednesday, June 17th. Shareholders of record on Monday, July 6th will be paid a dividend of 0.73 per share by the industrial products company on Friday, July 24th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, July 6th.

IDEX has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 16 consecutive years. IDEX has a dividend payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect IDEX to earn $9.25 per share next year, which means the company should continue to be able to cover its $2.92 annual dividend with an expected future payout ratio of 31.6%.

IDEX Trading Up 1.0%

IEX opened at $225.85 on Friday. The stock has a market cap of $16.72 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 2.19 and a beta of 1.00. The stock’s 50 day moving average price is $211.11 and its 200-day moving average price is $198.82. IDEX has a one year low of $157.25 and a one year high of $228.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39.

IDEX (NYSE:IEXGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The firm had revenue of $886.90 million during the quarter, compared to analyst estimates of $845.58 million. During the same period last year, the company earned $1.75 EPS. IDEX’s quarterly revenue was up 8.9% compared to the same quarter last year. IDEX has set its Q2 2026 guidance at 2.070-2.120 EPS and its FY 2026 guidance at 8.350-8.550 EPS. On average, equities analysts forecast that IDEX will post 8.49 EPS for the current year.

Insiders Place Their Bets

In other IDEX news, CEO Eric D. Ashleman sold 15,385 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $215.22, for a total value of $3,311,159.70. Following the completion of the sale, the chief executive officer directly owned 66,658 shares in the company, valued at approximately $14,346,134.76. This represents a 18.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On IDEX

Several institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in IDEX by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 6,477,929 shares of the industrial products company’s stock worth $1,054,348,000 after acquiring an additional 211,696 shares in the last quarter. Primecap Management Co. CA raised its holdings in shares of IDEX by 86.5% in the 4th quarter. Primecap Management Co. CA now owns 3,226,787 shares of the industrial products company’s stock valued at $574,174,000 after purchasing an additional 1,496,207 shares in the last quarter. State Street Corp raised its holdings in shares of IDEX by 0.6% in the 4th quarter. State Street Corp now owns 3,172,410 shares of the industrial products company’s stock valued at $564,499,000 after purchasing an additional 17,668 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of IDEX by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock worth $360,740,000 after purchasing an additional 7,844 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of IDEX by 3.3% in the 4th quarter. Van ECK Associates Corp now owns 1,976,856 shares of the industrial products company’s stock worth $351,762,000 after purchasing an additional 63,699 shares during the period. Hedge funds and other institutional investors own 97.96% of the company’s stock.

IDEX Company Profile

(Get Free Report)

IDEX Corporation is a diversified industrial manufacturer specializing in the design, production and distribution of highly engineered fluidics systems, measurement technologies and safety solutions. The company’s core offerings include positive-displacement pumps, flow meters, valves, sampling systems and analytical instruments that serve a wide range of end markets such as water treatment, chemical processing, energy, food and beverage, and life sciences. Through its focus on precision engineering and proprietary material science, IDEX delivers products designed for reliability in demanding applications.

Operations at IDEX are organized into three principal segments.

Further Reading

Dividend History for IDEX (NYSE:IEX)

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