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IEX raised its total share repurchase authorization to $1B, with $440M remaining from the prior plan.
In first-half 2025, IEX repurchased $100M shares and paid $105.9M in dividends, up 5.2% year over year.
For 2025, IEX targets free cash flow above net income, with over 70% allocated to dividends and buybacks.
IDEX Corporation (IEX - Free Report) recently announced a significant expansion of its share repurchase program. The latest buyback authorization, along with the $440 million left under the company’s existing program (as of June-end 2025), brings the total share repurchase authority to a substantial $1 billion.
Share repurchases are often viewed as a strategic approach to demonstrate a company's belief in its value and commitment to enhancing shareholder returns. For instance, IDEX bought back shares worth $100 million in the first six months of 2025. Also, it distributed dividends of $105.9 million (up 5.2% year over year).
For 2025, IEX expects a free cash flow of more than 100% of adjusted net income. For the year, the company also aims to utilize a minimum of 70% of its free cash flow for paying dividends and share buybacks.
Concurrently, IDEX’s board of directors approved a quarterly cash dividend of 71 cents per share, payable on Oct. 24, 2025, to shareholders of record as of Oct. 10, 2025.
Zacks Rank & Price Performance
IDEX, with a $12.2 billion market capitalization, currently carries a Zacks Rank #4 (Sell). The company is plagued by weaknesses in the Fluid & Metering Technologies (FMT) unit, primarily due to softness in the agriculture, energy, water and semiconductor businesses. It has been dealing with rising operating costs, which might hurt its margins and profitability.
Image Source: Zacks Investment Research
The company’s shares have declined 11.8% against the industry’s growth of 9% in the past six months.
The Zacks Consensus Estimate for IEX’s 2025 earnings has decreased 3.9% over the past 60 days. It has a trailing four-quarter average earnings surprise of 2.8%.
3 Promising Stocks
Some better-ranked stocks from the same space are discussed below.
FLS delivered a trailing four-quarter average earnings surprise of 5.5%. In the past 60 days, the Zacks Consensus Estimate for FLS’ 2025 earnings has increased 5%.
Graham Corporation (GHM - Free Report) currently carries a Zacks Rank of 2. GHM delivered a trailing four-quarter average earnings surprise of 64%.
In the past 60 days, the consensus estimate for Graham’s fiscal 2026 (ending March 2026) earnings has increased 15.4%.
RBC Bearings Incorporated (RBC - Free Report) presently carries a Zacks Rank of 2. It delivered a trailing four-quarter average earnings surprise of 3.8%.
In the past 60 days, the Zacks Consensus Estimate for RBC’s fiscal 2026 (ending March 2026) earnings has risen 1.1%.
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IDEX Approves Additional Share Buyback Program, Affirms Dividend Payment
Key Takeaways
IDEX Corporation (IEX - Free Report) recently announced a significant expansion of its share repurchase program. The latest buyback authorization, along with the $440 million left under the company’s existing program (as of June-end 2025), brings the total share repurchase authority to a substantial $1 billion.
Share repurchases are often viewed as a strategic approach to demonstrate a company's belief in its value and commitment to enhancing shareholder returns. For instance, IDEX bought back shares worth $100 million in the first six months of 2025. Also, it distributed dividends of $105.9 million (up 5.2% year over year).
For 2025, IEX expects a free cash flow of more than 100% of adjusted net income. For the year, the company also aims to utilize a minimum of 70% of its free cash flow for paying dividends and share buybacks.
Concurrently, IDEX’s board of directors approved a quarterly cash dividend of 71 cents per share, payable on Oct. 24, 2025, to shareholders of record as of Oct. 10, 2025.
Zacks Rank & Price Performance
IDEX, with a $12.2 billion market capitalization, currently carries a Zacks Rank #4 (Sell). The company is plagued by weaknesses in the Fluid & Metering Technologies (FMT) unit, primarily due to softness in the agriculture, energy, water and semiconductor businesses. It has been dealing with rising operating costs, which might hurt its margins and profitability.
Image Source: Zacks Investment Research
The company’s shares have declined 11.8% against the industry’s growth of 9% in the past six months.
The Zacks Consensus Estimate for IEX’s 2025 earnings has decreased 3.9% over the past 60 days. It has a trailing four-quarter average earnings surprise of 2.8%.
3 Promising Stocks
Some better-ranked stocks from the same space are discussed below.
Flowserve Corporation (FLS - Free Report) currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
FLS delivered a trailing four-quarter average earnings surprise of 5.5%. In the past 60 days, the Zacks Consensus Estimate for FLS’ 2025 earnings has increased 5%.
Graham Corporation (GHM - Free Report) currently carries a Zacks Rank of 2. GHM delivered a trailing four-quarter average earnings surprise of 64%.
In the past 60 days, the consensus estimate for Graham’s fiscal 2026 (ending March 2026) earnings has increased 15.4%.
RBC Bearings Incorporated (RBC - Free Report) presently carries a Zacks Rank of 2. It delivered a trailing four-quarter average earnings surprise of 3.8%.
In the past 60 days, the Zacks Consensus Estimate for RBC’s fiscal 2026 (ending March 2026) earnings has risen 1.1%.