Shares of IDEX Co. (NYSE:IEX) have received an average rating of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $114.86.
IEX has been the topic of several recent research reports. BMO Capital Markets reiterated a “hold” rating and issued a $110.00 price target on shares of IDEX in a report on Wednesday, September 6th. Jefferies Group LLC reiterated a “hold” rating and issued a $91.00 price target on shares of IDEX in a report on Friday, August 4th. Royal Bank Of Canada raised their price target on IDEX from $124.00 to $126.00 and gave the company a “sector perform” rating in a report on Wednesday, October 18th. Seaport Global Securities reiterated a “neutral” rating on shares of IDEX in a report on Wednesday, October 18th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of IDEX in a report on Thursday, September 21st.
In other IDEX news, SVP Daniel J. Salliotte sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $115.34, for a total transaction of $692,040.00. Following the transaction, the senior vice president now owns 33,762 shares in the company, valued at $3,894,109.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jeffrey D. Bucklew sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $116.79, for a total value of $467,160.00. Following the transaction, the senior vice president now owns 6,726 shares in the company, valued at approximately $785,529.54. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
Shares of IDEX (IEX) traded up $0.38 during mid-day trading on Monday, hitting $130.69. The stock had a trading volume of 73,900 shares, compared to its average volume of 306,419. The company has a quick ratio of 2.04, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $9,980.00, a PE ratio of 31.49, a PEG ratio of 2.36 and a beta of 1.22. IDEX has a 12 month low of $88.29 and a 12 month high of $130.98.
IDEX (NYSE:IEX) last announced its earnings results on Monday, October 16th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.06 by $0.02. The company had revenue of $574.50 million for the quarter, compared to analysts’ expectations of $563.23 million. IDEX had a return on equity of 19.07% and a net margin of 13.48%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. equities research analysts forecast that IDEX will post 4.26 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Friday, October 13th. IDEX’s dividend payout ratio (DPR) is currently 37.95%.
IDEX Corporation (IDEX) operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The Company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST) and Fire & Safety/Diversified Products (FSDP).
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