IDEX Corporation (NYSE:IEX) Declares $0.73 Quarterly Dividend

IDEX Corporation (NYSE:IEX) announced a quarterly dividend on Wednesday, September 16th. Shareholders of record on Friday, October 2nd will be given a dividend of 0.73 per share by the industrial products company on Friday, October 16th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, October 2nd.

IDEX has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 16 years. IDEX has a payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect IDEX to earn $9.64 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 30.3%.

IDEX Trading Down 0.5%

Shares of NYSE IEX opened at $221.67 on Thursday. IDEX has a 1-year low of $158.19 and a 1-year high of $243.80. The company has a 50-day moving average of $228.64 and a two-hundred day moving average of $215.15. The company has a market cap of $16.34 billion, a PE ratio of 31.90, a P/E/G ratio of 2.52 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) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.11 by $0.21. The business had revenue of $920.60 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. 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. As a group, equities analysts expect that IDEX will post 8.83 earnings per share for the current fiscal year.

Insider Activity at IDEX

In related news, CAO Lisa Anderson sold 385 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was 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 approximately $1,032,378.93. This represents a 8.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On IDEX

A number of hedge funds and other institutional investors have recently bought and sold shares of IEX. BlackRock Inc. acquired a new stake in IDEX in the 2nd quarter valued at $1,301,393,000. Primecap Management Co. CA acquired a new position in shares of IDEX during the 2nd quarter worth about $748,951,000. Geode Capital Management LLC increased its position in IDEX by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,034,942 shares of the industrial products company’s stock worth $360,740,000 after buying an additional 7,844 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of IDEX by 3.3% during the 4th quarter. Van ECK Associates Corp now owns 1,976,856 shares of the industrial products company’s stock worth $351,762,000 after acquiring an additional 63,699 shares during the last quarter. Finally, Amundi increased its holdings in shares of IDEX by 19.6% during the 2nd quarter. Amundi now owns 1,458,979 shares of the industrial products company’s stock worth $331,017,000 after acquiring an additional 239,579 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

IDEX Company Profile

IDEX Corporation (NYSE: IEX) is an industrial technology company that designs, manufactures and markets engineered products and systems used in a range of specialized applications. Its portfolio includes pumps, valves, flow meters, compressors, dispensing equipment and other fluid-handling technologies that help customers move, measure and control liquids and gases.

The company operates through businesses focused on Fluid and Metering Technologies, Health and Science Technologies, and Fire and Safety/Diversified Products.