Here's Why You Should Retain IDEX Stock in Your Portfolio Now

Zacks12-07

IDEX Corporation IEX is well-poised for growth in the coming quarters, driven by solid momentum in the Fire & Safety/Diversified Products (FSDP) segment. The company's efforts to reward its ...

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The company's efforts to reward its ...</p>\n\n<a href=\"https://finance.yahoo.com/news/heres-why-retain-idex-stock-160300527.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2506952097.USD","symbol_name":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/heres-why-retain-idex-stock-160300527.html","article_id":"2489425112","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/C6wmlD1U6wLrtqOvJM70HQ--~B/aD05MDA7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/41163179374cd5479580c3c5cd29f9f3"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489425112","pubTimestamp":1733500980,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"IDEX Corporation IEX is well-poised for growth in the coming quarters, driven by solid momentum in the Fire & Safety/Diversified Products  segment. The company's efforts to reward its shareholders handsomely add to its appeal.Based in Lake Forest, IL, IDEX is an applied solutions company that specializes in a diverse range of applications such as fluid and metering technologies; health and science technologies; and fire, safety and other products built to customer specifications.In the past year, shares of this Zacks Rank #3  company have gained 11.1%.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2506952097.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC","BK4218":"酒店及度假村房地产信托","RBC":"RBC轴承","LU2413666004.HKD":"BNP PARIBAS AQUA \"CRH\" (HKDHDG) INC","LU1815336091.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AUP\" (USD) INC","LU1721427968.SGD":"BNP PARIBAS AQUA \"CRH\" (SGDHDG) INC","IDEX":"优点互动","IEX":"IDEX Corp","LU2506952170.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) INC","GHC":"格雷厄姆控股","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU2413665964.HKD":"BNP PARIBAS AQUA \"C\" (HKD) ACC","IE00BLDYK493.USD":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) INC","BK4161":"工业机械","BK4204":"教育服务","LU1165135440.EUR":"BNP Paribas Aqua Classic Cap EUR","LU0757428866.USD":"THREADNEEDLE (LUX) GLOBAL SMALLER COMPANIES \"AE\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","LU2125910179.SGD":"Natixis Thematics Water H-R/A SGD","BK4149":"建筑机械与重型卡车","GHM":"Graham Corp","KAI":"凯登纸业","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","LU1543694498.USD":"法巴水资源基金RH MD Dis","LU1620156213.USD":"BNP PARIBAS AQUA \"C\" (USD) INC","LU2125910336.SGD":"Natixis Thematics Water R/A SGD","LU1620156130.USD":"BNP PARIBAS AQUA \"C\" (USD) ACC","BK4588":"碎股","LU0823417737.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC","BK4181":"酒店及度假村房地产投资信托","LU1923621640.USD":"Natixis Thematics Water R/A USD","HST":"美国豪斯特酒店","IE00B64QTZ34.USD":"NEUBERGER BERMAN US SMALL CAP \"A\" (USD) ACC","LU1596574779.USD":"BNP PARIBAS AQUA \"C\" (USDHDG) ACC","LU2065731478.USD":"ALLSPRING (LUX) WORLDWIDE FUND - SMALL CAP INNOVA \"I\" (USD) ACC","LU2506951875.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) ACC"},"translate_title":"这就是为什么您现在应该在投资组合中保留IDEX股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RBC":1,"GHM":1,"HST":1,"IDEX":1,"IEX":1,"KAI":1,"GHC":0.9},"content_text":"IDEX Corporation IEX is well-poised for growth in the coming quarters, driven by solid momentum in the Fire & Safety/Diversified Products (FSDP) segment. The company's efforts to reward its shareholders handsomely add to its appeal.Based in Lake Forest, IL, IDEX is an applied solutions company that specializes in a diverse range of applications such as fluid and metering technologies; health and science technologies; and fire, safety and other products built to customer specifications.In the past year, shares of this Zacks Rank #3 (Hold) company have gained 11.1%.\nImage Source: Zacks Investment Research\nLet’s discuss the factors that should influence investors to retain this company for the time being.Business Strength: IDEX is benefiting from the strong performance of the FSDP and Fluid & Metering Technologies (FMT) segments. The company's focus on reducing excess inventory and improving overall productivity has been proving beneficial for the FSDP segment. Strong demand for products in the fire and safety businesses is driving its revenues. Also, solid momentum in the aerospace end market has been a tailwind for the FSDP segment’s BAND-IT business. Growth in orders across the majority of the businesses is aiding the FMT segment.  Strong momentum in the intelligent water business, driven by continued strength in the North American municipal market and rising governmental funding to support ongoing investments, bodes well for the segment.Expansion Initiatives: Over time, IDEX has been capitalizing on acquisitions by penetrating unexplored markets and expanding its product lines.  In the third quarter of 2024, acquisitions had a positive impact of 1% on sales. In September 2024, IDEX acquired Mott Corporation and its subsidiaries (Mott) for a cash consideration of $1 billion. This acquisition will expand the company’s applied materials science technology capabilities across high-value end markets. The inclusion of Mott’s technical and application expertise will bolster its micro-precision technology offerings. It will enable IEX to penetrate and diversify its offerings in key markets such as semiconductor fabrication, medical technologies and water purification. In December 2023, it acquired advanced material science solutions provider STC Material Solutions for a cash consideration of $206 million. This acquisition expanded the company’s expertise in material sciences and offered significant opportunities to collaborate with other IDEX-critical components businesses on comprehensive solution sets for customers. This acquisition expanded the Health & Science Technologies (HST) segment.Rewards to Shareholders: IEX has a strong balance sheet that has enabled it to reward its shareholders handsomely through dividend payments and share buybacks. In the first nine months of 2024, IDEX’s dividend payments totaled $153.0 million (up 7.5% year over year). The current quarterly dividend rate is 69 cents per share (a hike of 7.8% was announced in May 2024). In 2023, the company distributed dividends of $190.7 million.\nDownsides of IEX\nSegmental Weakness: The company is seeing weaker volumes in the HST segment. Softness in the semiconductor market is affecting the segment. In the third quarter of 2024, the segment’s organic revenues declined 5% year over year. Amid these challenges, the company expects organic revenues to decrease in the band of 1-2% year over year in 2024.Rising Expenses: The escalating selling, general and administrative expenses are a threat to IDEX’s bottom line. The metric grew 10.3% year over year in the third quarter of 2024. Increasing amortization expenses and professional services and discretionary spending are raising the selling, general and administrative expenses. As a percentage of sales, it increased 200 bps to 22.9% in the same period. This upward trajectory follows a pattern of expense growth in the preceding three quarters, with increases of 4.9%, 2.9% and 2.7% respectively.\nStocks to Consider\nSome better-ranked companies are discussed below.Graham Corporation GHM currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.GHM delivered a trailing four-quarter average earnings surprise of 101.9%. In the past 60 days, the Zacks Consensus Estimate for Graham’s fiscal 2025 earnings has increased 8.4%.RBC Bearings Incorporated RBC presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter average earnings surprise of 2.5%.In the past 60 days, the consensus estimate for RBC’s fiscal 2025 earnings has increased 0.5%.Kadant Inc. KAI presently carries a Zacks Rank of 2. It has a trailing four-quarter average earnings surprise of 17.2%. The Zacks Consensus Estimate for KAI’s 2024 earnings has increased 1.8% in the past 60 days.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nRBC Bearings Incorporated (RBC) : Free Stock Analysis Report\nIDEX Corporation (IEX) : Free Stock Analysis Report\nKadant Inc (KAI) : Free Stock Analysis Report\nGraham Corporation (GHM) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2489425112"}