IDEX Corporation (NYSE:IEX – Free Report) – Equities researchers at Zacks Research cut their Q2 2028 EPS estimates for shares of IDEX in a research note issued to investors on Wednesday, August 19th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $2.43 per share for the quarter, down from their prior forecast of $2.54. The consensus estimate for IDEX’s current full-year earnings is $8.82 per share.
Other analysts also recently issued reports about the company. Oppenheimer restated an “outperform” rating and issued a $265.00 target price on shares of IDEX in a research note on Thursday, July 30th. Seaport Research Partners reaffirmed a “buy” rating and set a $250.00 price target on shares of IDEX in a research note on Tuesday, May 5th. Stifel Nicolaus increased their price target on IDEX from $257.00 to $268.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. TD Cowen raised their price objective on IDEX from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada boosted their price objective on IDEX from $261.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, IDEX has an average rating of “Moderate Buy” and a consensus target price of $260.80.
IDEX Trading Down 0.3%
IEX opened at $233.83 on Friday. The company has a fifty day moving average price of $227.55 and a two-hundred day moving average price of $212.72. IDEX has a 1-year low of $158.19 and a 1-year high of $243.80. The company has a market cap of $17.24 billion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46.
IDEX (NYSE:IEX – Get Free Report) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.21. The business had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. IDEX had a net margin of 14.49% and a return on equity of 15.69%. IDEX’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.07 earnings per share. IDEX has set its FY 2026 guidance at 8.700-8.850 EPS and its Q3 2026 guidance at 2.200-2.250 EPS.
Hedge Funds Weigh In On IDEX
Hedge funds have recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC bought a new stake in IDEX during the 4th quarter worth approximately $27,000. Optiver Holding B.V. bought a new position in shares of IDEX in the first quarter valued at approximately $27,000. SJS Investment Consulting Inc. boosted its position in shares of IDEX by 104.1% during the first quarter. SJS Investment Consulting Inc. now owns 149 shares of the industrial products company’s stock valued at $28,000 after buying an additional 76 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of IDEX during the second quarter valued at approximately $33,000. Finally, CYBER HORNET ETFs LLC bought a new stake in IDEX during the second quarter worth $35,000. Institutional investors and hedge funds own 97.96% of the company’s stock.
Insider Activity at IDEX
In other news, CAO Lisa M. Anderson sold 385 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $238.59, for a total transaction of $91,857.15. Following the completion of the sale, the chief accounting officer directly owned 4,327 shares of the company’s stock, valued at $1,032,378.93. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by insiders.
IDEX Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 6th were issued a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, July 6th. IDEX’s dividend payout ratio (DPR) is currently 42.01%.
Trending Headlines about IDEX
Here are the key news stories impacting IDEX this week:
- Positive Sentiment: Analysts raise earnings outlook: Zacks Research increased its FY2026 EPS estimate to $8.70 from $8.46 and lifted its Q3 2026 forecast to $2.20 from $2.17. Estimates for FY2027 and FY2028 also rose slightly to $9.21 and $10.45, respectively, signaling improved expectations for IDEX’s industrial-products businesses.
- Positive Sentiment: Higher near-term and long-term forecasts: Zacks raised its Q1 2027 EPS estimate to $2.11 from $2.09, Q4 2027 to $2.38 from $2.33, and FY2028 to $10.45 from $10.27. These revisions reinforce the company’s projected earnings growth, although most increases were modest.
- Neutral Sentiment: Board and governance changes: IDEX announced a board resignation and an adjustment to its governance structure. The development could improve oversight or board effectiveness, but the immediate reasons and implications may create uncertainty until management provides more detail. IDEX Announces Board Resignation and Governance Adjustment
- Negative Sentiment: One estimate was reduced: Zacks cut its Q2 2027 EPS forecast to $2.33 from $2.43, partially offsetting the broader upward revisions and suggesting some variability in the earnings outlook.
- Negative Sentiment: Valuation leaves less room for disappointment: IDEX trades at approximately 33.6 times earnings, above many industrial companies. With the stock near its 52-week high, investors may demand continued earnings upgrades and clear governance execution to justify further gains.
About IDEX
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.
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