Brokers Set Expectations for IDEX’s Q1 Earnings (NYSE:IEX)

IDEX Co. (NYSE:IEX) – Zacks Research dropped their Q1 2025 earnings per share estimates for shares of IDEX in a research report issued to clients and investors on Tuesday, February 25th. Zacks Research analyst R. Department now forecasts that the industrial products company will post earnings per share of $1.63 for the quarter, down from their previous estimate of $1.99. The consensus estimate for IDEX’s current full-year earnings is $8.26 per share. Zacks Research also issued estimates for IDEX’s FY2025 earnings at $8.20 EPS and FY2027 earnings at $9.84 EPS.

IDEX (NYSE:IEX) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.01. IDEX had a net margin of 15.45% and a return on equity of 16.08%.

Other analysts have also recently issued research reports about the stock. Robert W. Baird decreased their price target on shares of IDEX from $245.00 to $241.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Royal Bank of Canada decreased their target price on shares of IDEX from $256.00 to $245.00 and set an “outperform” rating for the company in a research note on Thursday, February 6th. DA Davidson dropped their price target on IDEX from $225.00 to $215.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Stifel Nicolaus increased their price objective on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Citigroup lowered their target price on IDEX from $269.00 to $267.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $241.71.

IDEX Trading Down 1.1 %

IEX opened at $193.62 on Friday. The firm has a market cap of $14.67 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 1.98 and a beta of 0.97. IDEX has a 52 week low of $189.51 and a 52 week high of $246.36. The business’s 50 day moving average is $207.98 and its two-hundred day moving average is $211.47. The company has a quick ratio of 1.85, a current ratio of 2.53 and a debt-to-equity ratio of 0.49.

Hedge Funds Weigh In On IDEX

Several hedge funds have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. grew its holdings in IDEX by 4.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 30,250 shares of the industrial products company’s stock valued at $6,386,000 after buying an additional 1,209 shares during the last quarter. Cerity Partners LLC grew its holdings in IDEX by 48.3% in the third quarter. Cerity Partners LLC now owns 20,632 shares of the industrial products company’s stock valued at $4,426,000 after purchasing an additional 6,720 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of IDEX by 2.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 168,023 shares of the industrial products company’s stock worth $36,041,000 after buying an additional 4,465 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of IDEX by 7.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 250,443 shares of the industrial products company’s stock worth $53,720,000 after purchasing an additional 16,504 shares during the period. Finally, Covea Finance lifted its position in IDEX by 70.6% during the fourth quarter. Covea Finance now owns 14,500 shares of the industrial products company’s stock valued at $3,035,000 after buying an additional 6,000 shares in the last quarter. 97.96% of the stock is currently owned by hedge funds and other institutional investors.

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.