Shares of IDEX Co. (NYSE:IEX) have earned an average recommendation of “Hold” from the nine research firms that are presently covering the stock. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $97.50.
IEX has been the subject of a number of analyst reports. Robert W. Baird set a $104.00 price objective on shares of IDEX and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada restated a “hold” rating and set a $101.00 price target on shares of IDEX in a report on Thursday, January 5th. Stifel Nicolaus boosted their price target on shares of IDEX from $94.00 to $100.00 and gave the stock a “hold” rating in a report on Friday. BMO Capital Markets restated a “hold” rating and set a $104.00 price target on shares of IDEX in a report on Friday. Finally, Zacks Investment Research upgraded shares of IDEX from a “sell” rating to a “hold” rating in a report on Thursday.
IDEX (NYSE:IEX) traded up 1.51% during mid-day trading on Monday, reaching $101.67. The company had a trading volume of 432,008 shares. IDEX has a 52-week low of $77.93 and a 52-week high of $102.12. The company’s 50 day moving average is $92.95 and its 200 day moving average is $91.39. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 28.80 and a beta of 1.15.
IDEX (NYSE:IEX) last issued its quarterly earnings data on Wednesday, April 19th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.10. The firm earned $553.60 million during the quarter, compared to analysts’ expectations of $533.14 million. IDEX had a net margin of 12.83% and a return on equity of 18.95%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. Equities analysts predict that IDEX will post $3.92 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the company. Creative Planning raised its stake in IDEX by 60.9% in the third quarter. Creative Planning now owns 1,326 shares of the industrial products company’s stock valued at $124,000 after buying an additional 502 shares during the period. Penserra Capital Management LLC raised its stake in IDEX by 95.1% in the third quarter. Penserra Capital Management LLC now owns 1,727 shares of the industrial products company’s stock valued at $161,000 after buying an additional 842 shares during the period. US Bancorp DE raised its stake in IDEX by 7.1% in the third quarter. US Bancorp DE now owns 1,864 shares of the industrial products company’s stock valued at $174,000 after buying an additional 123 shares during the period. Smithfield Trust Co. raised its stake in IDEX by 66.9% in the third quarter. Smithfield Trust Co. now owns 2,020 shares of the industrial products company’s stock valued at $189,000 after buying an additional 810 shares during the period. Finally, Diversified Trust Co acquired a new stake in IDEX during the first quarter valued at about $207,000. 97.58% of the stock is currently owned by institutional investors and hedge funds.
IDEX 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 Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDEX Co. and related companies with MarketBeat.com's FREE daily email newsletter.