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

IDEX Corporation (NYSE:IEX) declared 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) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, July 6th.

IDEX has increased its dividend payment 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% meaning its dividend is sufficiently covered by earnings. Equities research 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

Shares of NYSE IEX opened at $223.26 on Thursday. The business’s 50-day simple moving average is $210.43 and its 200-day simple moving average is $198.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.40 and a current ratio of 3.39. IDEX has a 52 week low of $157.25 and a 52 week high of $227.47. The firm has a market cap of $16.52 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 2.20 and a beta of 1.00.

IDEX (NYSE:IEX) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.22. IDEX had a return on equity of 15.29% and a net margin of 14.38%.The firm had revenue of $886.90 million during the quarter, compared to analysts’ expectations of $845.58 million. During the same quarter in the prior year, the business earned $1.75 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. 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, equities research analysts expect that IDEX will post 8.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IEX has been the subject of several recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $250.00 price objective (up from $242.00) on shares of IDEX in a report on Tuesday, June 2nd. Seaport Research Partners reissued a “buy” rating and set a $250.00 target price on shares of IDEX in a research report on Tuesday, May 5th. BMO Capital Markets began coverage on shares of IDEX in a report on Friday, March 27th. They set a “market perform” rating and a $214.00 price target for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of IDEX in a research report on Monday, April 20th. Finally, Robert W. Baird set a $257.00 price objective on IDEX in a research note on Thursday, April 30th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $241.11.

IDEX Company Profile

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.