IDEX Corporation (IEX) To Go Ex-Dividend on October 2nd

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) dividend on an annualized basis 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%annually over the last three years and has raised its dividend annually for the last 16 consecutive years. IDEX has a dividend payout ratio of 32.7% meaning 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 Stock Up 0.2%

Shares of NYSE IEX opened at $221.99 on Friday. The company has a current ratio of 3.05, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $16.37 billion, a PE ratio of 31.94, a price-to-earnings-growth ratio of 2.51 and a beta of 0.98. IDEX has a 12-month low of $158.19 and a 12-month high of $243.80. The stock’s fifty day simple moving average is $228.68 and its two-hundred day simple moving average is $215.24.

IDEX (NYSE:IEX) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.21. The company had revenue of $920.60 million for the quarter, compared to analyst estimates of $905.38 million. IDEX had a return on equity of 15.69% and a net margin of 14.49%.The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous 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, analysts expect that IDEX will post 8.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on IEX shares. Oppenheimer boosted their price objective on shares of IDEX from $265.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 9th. Vertical Research assumed coverage on shares of IDEX in a report on Tuesday, September 8th. They issued a “buy” rating and a $250.00 price target on the stock. Citigroup raised their price objective on IDEX from $252.00 to $269.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Royal Bank Of Canada boosted their target price on IDEX from $261.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, DA Davidson upped their target price on IDEX from $230.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $260.27.

About IDEX

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.