DA Davidson Weighs in on IDEX’s Q4 Earnings (NYSE:IEX)

IDEX Co. (NYSE:IEX) – Investment analysts at DA Davidson issued their Q4 2024 earnings per share estimates for IDEX in a report released on Tuesday, November 5th. DA Davidson analyst M. Summerville expects that the industrial products company will earn $2.04 per share 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.

IDEX (NYSE:IEX) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.01. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The firm had revenue of $798.20 million during the quarter, compared to analyst estimates of $793.05 million. During the same quarter last year, the business earned $2.12 EPS. The company’s revenue was up .6% compared to the same quarter last year.

A number of other research analysts also recently issued reports on the company. Stifel Nicolaus boosted their price objective on IDEX from $232.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. StockNews.com lowered IDEX from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Oppenheimer reduced their price objective on shares of IDEX from $245.00 to $238.00 and set an “outperform” rating for the company in a research report 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. Finally, TD Cowen cut their target price on shares of IDEX from $240.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, IDEX presently has an average rating of “Moderate Buy” and a consensus target price of $241.14.

IDEX Price Performance

IEX stock opened at $224.71 on Wednesday. The company has a quick ratio of 2.11, a current ratio of 2.97 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $207.36 and its 200 day simple moving average is $207.31. IDEX has a 12-month low of $189.33 and a 12-month high of $246.36. The firm has a market cap of $17.02 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 2.29 and a beta of 0.96.

IDEX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 1.23%. The ex-dividend date was Friday, October 11th. IDEX’s payout ratio is currently 42.72%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Catalyst Capital Advisors LLC increased its position in shares of IDEX by 73.8% during the third quarter. Catalyst Capital Advisors LLC now owns 139 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 59 shares in the last quarter. Assetmark Inc. bought a new stake in IDEX during the 3rd quarter worth approximately $39,000. EdgeRock Capital LLC purchased a new stake in shares of IDEX in the second quarter worth approximately $41,000. Whittier Trust Co. lifted its holdings in shares of IDEX by 38.4% in the second quarter. Whittier Trust Co. now owns 209 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 58 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of IDEX by 100.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 200 shares of the industrial products company’s stock valued at $43,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

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.