IDEX Corporation Plans Quarterly Dividend of $0.73 (NYSE:IEX)

IDEX Corporation (NYSE:IEX) announced a quarterly dividend on Wednesday, June 17th. Stockholders 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 dividend 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 increased its dividend every year for the last 16 years. IDEX has a dividend payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

NYSE IEX opened at $223.26 on Thursday. The stock has a market cap of $16.52 billion, a P/E ratio of 33.03, a PEG ratio of 2.20 and a beta of 1.00. The company’s 50-day simple moving average is $210.43 and its 200 day simple moving average is $198.45. IDEX has a twelve month low of $157.25 and a twelve month high of $227.47. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on IEX. Royal Bank Of Canada increased their target price on IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Seaport Research Partners reiterated a “buy” rating and issued a $250.00 price target on shares of IDEX in a research report on Tuesday, May 5th. Citigroup increased their price objective on IDEX from $243.00 to $252.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of IDEX in a report on Monday, April 20th. Finally, Stifel Nicolaus set a $250.00 target price on shares of IDEX in a research note on Thursday, April 30th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $241.11.

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.