Saturday, March 2

IDEX Co. (NYSE:IEX) Receives Consensus Rating of “Buy” from Brokerages



Shares of IDEX Co. (NYSE:IEX – Get Rating) have been assigned an average rating of “Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $235.15.

IEX has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of IDEX from a “hold” rating to a “buy” rating and set a $213.00 price target on the stock in a research report on Friday, February 4th. Cowen raised shares of IDEX from a “market perform” rating to an “outperform” rating and set a $220.00 price target on the stock in a research report on Wednesday, March 9th. Stifel Nicolaus dropped their price target on shares of IDEX from $244.00 to $231.00 and set a “buy” rating on the stock in a research report on Monday, April 18th. Loop Capital dropped their price target on shares of IDEX from $225.00 to $210.00 in a research report on Monday, April 4th. Finally, Sanford C. Bernstein began coverage on shares of IDEX in a research report on Monday, January 10th. They set a “market perform” rating and a $230.00 price target on the stock.

Shares of IDEX stock traded down $3.32 during trading hours on Monday, reaching $188.10. The company’s stock had a trading volume of 6,789 shares, compared to its average volume of 458,725. IDEX has a one year low of $181.66 and a one year high of $240.33. The company has a market capitalization of $14.32 billion, a P/E ratio of 31.82, a P/E/G ratio of 2.16 and a beta of 1.11. The stock’s fifty day simple moving average is $192.79 and its two-hundred day simple moving average is $212.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.72 and a current ratio of 3.50.

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IDEX (NYSE:IEX – Get Rating) last released its quarterly earnings data on Tuesday, February 1st. The industrial products company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.04). IDEX had a net margin of 16.26% and a return on equity of 17.82%. The business had revenue of $714.80 million during the quarter, compared to the consensus estimate of $705.84 million. During the same period last year, the business posted $1.37 earnings per share. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. As a group, research analysts forecast that IDEX will post 7.56 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of IEX. Signaturefd LLC grew its stake in IDEX by 15.0% during the third quarter. Signaturefd LLC now owns 345 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 45 shares in the last quarter. Eagle Bay Advisors LLC grew its stake in IDEX by 20.9% during the fourth quarter. Eagle Bay Advisors LLC now owns 284 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 49 shares in the last quarter. Meeder Asset Management Inc. grew its stake in IDEX by 6.8% during the third quarter. Meeder Asset Management Inc. now owns 785 shares of the industrial products company’s stock valued at $162,000 after acquiring an additional 50 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in IDEX by 0.5% during the fourth quarter. Mutual of America Capital Management LLC now owns 10,078 shares of the industrial products company’s stock valued at $2,382,000 after acquiring an additional 52 shares in the last quarter. Finally, First Republic Investment Management Inc. grew its stake in IDEX by 0.6% during the fourth quarter. First Republic Investment Management Inc. now owns 8,095 shares of the industrial products company’s stock valued at $1,913,000 after acquiring an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 97.35% of the company’s stock.

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IDEX Company Profile (GetRating)

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.

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Analyst Recommendations for IDEX (NYSE:IEX)



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