IDEX Corporation (IEX) To Go Ex-Dividend on May 22nd

IDEX Corporation (NYSE:IEX) declared a quarterly dividend on Wednesday, May 6th. Shareholders of record on Friday, May 22nd will be given a dividend of 0.73 per share by the industrial products company on Friday, June 5th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, May 22nd. This is a 2.8% increase from IDEX’s previous quarterly dividend of $0.71.

IDEX has raised 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 dividend payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect IDEX to earn $9.22 per share next year, which means the company should continue to be able to cover its $2.84 annual dividend with an expected future payout ratio of 30.8%.

IDEX Price Performance

NYSE:IEX opened at $214.72 on Friday. The firm has a market cap of $15.89 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 2.14 and a beta of 1.02. IDEX has a 12 month low of $157.25 and a 12 month high of $223.85. The company has a quick ratio of 2.40, a current ratio of 3.39 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $199.52 and its two-hundred day moving average price is $189.20.

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 net margin of 14.38% and a return on equity of 15.29%. The company had revenue of $886.90 million for the quarter, compared to analyst estimates of $845.58 million. During the same period in the prior year, the business earned $1.75 earnings per share. IDEX’s quarterly 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. On average, equities analysts anticipate that IDEX will post 8.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IEX has been the topic of a number of research analyst reports. Royal Bank Of Canada raised their price objective on shares of IDEX from $225.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. TD Cowen lifted their price objective on shares of IDEX from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of IDEX in a research note on Monday, April 20th. Oppenheimer restated an “outperform” rating and set a $242.00 target price on shares of IDEX in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $257.00 price objective on shares of IDEX in a research note on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $234.70.

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.