Zacks Research Has Negative Outlook for IDEX Q1 Earnings

IDEX Corporation (NYSE:IEX) – Zacks Research cut their Q1 2027 earnings estimates for shares of IDEX in a report released on Tuesday, January 20th. Zacks Research analyst Team now expects that the industrial products company will earn $2.04 per share for the quarter, down from their prior estimate of $2.05. The consensus estimate for IDEX’s current full-year earnings is $8.26 per share. Zacks Research also issued estimates for IDEX’s Q2 2027 earnings at $2.40 EPS, Q4 2027 earnings at $2.33 EPS and FY2027 earnings at $9.10 EPS.

Several other research firms have also issued reports on IEX. Cowen restated a “buy” rating on shares of IDEX in a research report on Wednesday, December 3rd. Citigroup raised their target price on shares of IDEX from $197.00 to $202.00 and gave the stock a “buy” rating in a report on Monday, December 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $211.00 target price on shares of IDEX in a research note on Thursday, January 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of IDEX in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus cut their price target on shares of IDEX from $204.00 to $191.00 and set a “buy” rating on the stock in a report on Monday, October 20th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.14.

IDEX Stock Down 1.8%

IEX opened at $193.35 on Wednesday. The company has a market cap of $14.47 billion, a P/E ratio of 30.59, a P/E/G ratio of 1.98 and a beta of 1.00. The business’s 50-day moving average price is $178.00 and its 200-day moving average price is $171.41. The company has a current ratio of 2.93, a quick ratio of 2.06 and a debt-to-equity ratio of 0.47. IDEX has a 12 month low of $153.36 and a 12 month high of $226.04.

IDEX (NYSE:IEX) last issued its earnings results on Wednesday, October 29th. The industrial products company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.10. IDEX had a net margin of 13.97% and a return on equity of 15.20%. The company had revenue of $878.70 million for the quarter, compared to analysts’ expectations of $861.44 million. During the same quarter last year, the company earned $1.90 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. IDEX has set its FY 2025 guidance at 7.860-7.91 EPS.

IDEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, January 16th. IDEX’s payout ratio is presently 44.94%.

Institutional Investors Weigh In On IDEX

Institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. grew its holdings in IDEX by 235.5% in the second quarter. Assetmark Inc. now owns 1,899 shares of the industrial products company’s stock worth $333,000 after purchasing an additional 1,333 shares during the period. Groupama Asset Managment grew its stake in shares of IDEX by 80.9% in the 2nd quarter. Groupama Asset Managment now owns 10,194 shares of the industrial products company’s stock worth $1,797,000 after buying an additional 4,558 shares during the last quarter. SG Americas Securities LLC increased its position in IDEX by 70.1% during the 2nd quarter. SG Americas Securities LLC now owns 15,636 shares of the industrial products company’s stock valued at $2,745,000 after buying an additional 6,443 shares in the last quarter. Nordea Investment Management AB increased its position in IDEX by 193.6% during the 3rd quarter. Nordea Investment Management AB now owns 2,364,312 shares of the industrial products company’s stock valued at $382,049,000 after buying an additional 1,559,124 shares in the last quarter. Finally, Robeco Schweiz AG raised its stake in IDEX by 14.2% during the third quarter. Robeco Schweiz AG now owns 271,089 shares of the industrial products company’s stock valued at $44,122,000 after buying an additional 33,752 shares during the last quarter. 97.96% of the stock is owned by hedge funds and other institutional investors.

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.