Shares of IDEX Corp. (NYSE:IEX) have been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the company. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $86.67.
Several brokerages have commented on IEX. Jefferies Group restated a “hold” rating on shares of IDEX Corp. in a research note on Tuesday, July 19th. Janney Montgomery Scott raised IDEX Corp. from a “neutral” rating to a “buy” rating and raised their price target for the company from $87.00 to $96.00 in a report on Tuesday, July 19th. Zacks Investment Research raised IDEX Corp. from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a report on Thursday, July 14th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of IDEX Corp. in a report on Monday, June 27th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of IDEX Corp. in a report on Tuesday, July 12th.
Shares of IDEX Corp. (NYSE:IEX) opened at 90.40 on Wednesday. The company has a 50-day moving average price of $92.64 and a 200 day moving average price of $86.73. The company has a market capitalization of $6.88 billion, a PE ratio of 23.97 and a beta of 1.16. IDEX Corp. has a one year low of $67.20 and a one year high of $95.33.
IDEX Corp. (NYSE:IEX) last issued its earnings results on Monday, July 18th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.93 by $0.06. IDEX Corp. had a return on equity of 19.49% and a net margin of 14.16%. The business earned $549.70 million during the quarter. During the same quarter in the prior year, the business earned $0.89 EPS. Equities analysts anticipate that IDEX Corp. will post $3.74 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.50%. IDEX Corp.’s dividend payout ratio is 35.98%.
In other IDEX Corp. news, Director Gregory F. Milzcik sold 4,830 shares of IDEX Corp. stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $90.00, for a total value of $434,700.00. Following the transaction, the director now directly owns 5,375 shares of the company’s stock, valued at approximately $483,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Andrew K. Silvernail sold 6,575 shares of IDEX Corp. stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $91.34, for a total value of $600,560.50. Following the completion of the transaction, the chairman now directly owns 88,418 shares in the company, valued at $8,076,100.12. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Washington Trust Bank boosted its position in shares of IDEX Corp. by 3.2% in the second quarter. Washington Trust Bank now owns 1,271 shares of the company’s stock worth $104,000 after buying an additional 39 shares during the period. Pinkerton Retirement Specialists LLC bought a new position in shares of IDEX Corp. during the second quarter worth approximately $169,000. Quantbot Technologies LP bought a new position in shares of IDEX Corp. during the second quarter worth approximately $181,000. Synovus Financial Corp boosted its position in shares of IDEX Corp. by 0.6% in the second quarter. Synovus Financial Corp now owns 2,358 shares of the company’s stock worth $192,000 after buying an additional 13 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of IDEX Corp. during the second quarter worth approximately $205,000. 97.53% of the stock is currently owned by institutional investors and hedge funds.
IDEX Corp. Company Profile
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).
Receive News & Ratings for IDEX Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDEX Corp. and related companies with MarketBeat.com's FREE daily email newsletter.