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.