IDEX Corp. (NYSE:IEX) shares gapped up before the market opened on Thursday . The stock had previously closed at $81.29, but opened at $81.47. IDEX Corp. shares last traded at $82.00, with a volume of 103,094 shares.

Several brokerages have commented on IEX. Sanford C. Bernstein reissued a “market perform” rating on shares of IDEX Corp. in a research note on Monday, June 27th. Zacks Investment Research downgraded IDEX Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Janney Montgomery Scott began coverage on IDEX Corp. in a research note on Tuesday, June 21st. They set a “neutral” rating and a $87.00 target price for the company. KeyCorp began coverage on IDEX Corp. in a research note on Monday, May 23rd. They set a “sector weight” rating for the company. Finally, Oppenheimer Holdings Inc. reissued a “hold” rating on shares of IDEX Corp. in a research note on Monday, April 18th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. IDEX Corp. currently has an average rating of “Hold” and an average target price of $84.29.

The firm’s 50 day moving average price is $83.79 and its 200-day moving average price is $79.13. The stock has a market capitalization of $6.22 billion and a price-to-earnings ratio of 22.33.

IDEX Corp. (NYSE:IEX) last posted its earnings results on Monday, April 18th. The company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.08. The company had revenue of $502.60 million for the quarter, compared to analysts’ expectations of $492.98 million. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 EPS. On average, analysts forecast that IDEX Corp. will post $3.74 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 15th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date is Wednesday, July 13th.

In other IDEX Corp. news, CAO Michael J. Yates sold 1,416 shares of IDEX Corp. stock in a transaction dated Wednesday, April 27th. The stock was sold at an average price of $84.29, for a total transaction of $119,354.64. Following the completion of the transaction, the chief accounting officer now owns 18,421 shares of the company’s stock, valued at approximately $1,552,706.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Daniel J. Salliotte sold 4,000 shares of IDEX Corp. stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $83.27, for a total value of $333,080.00. Following the transaction, the senior vice president now directly owns 29,610 shares of the company’s stock, valued at approximately $2,465,624.70. The disclosure for this sale can be found here.

Several hedge funds have modified their holdings of IEX. Victory Capital Management Inc. increased its stake in shares of IDEX Corp. by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 14,164 shares of the company’s stock worth $1,085,000 after buying an additional 335 shares during the period. BHF Kleinwort Benson Group S.A. increased its stake in shares of IDEX Corp. by 63.8% in the fourth quarter. BHF Kleinwort Benson Group S.A. now owns 15,050 shares of the company’s stock worth $1,153,000 after buying an additional 5,861 shares during the period. Twin Capital Management Inc. increased its stake in shares of IDEX Corp. by 29.8% in the fourth quarter. Twin Capital Management Inc. now owns 24,380 shares of the company’s stock worth $1,868,000 after buying an additional 5,600 shares during the period. Suntrust Banks Inc. increased its stake in shares of IDEX Corp. by 2.3% in the fourth quarter. Suntrust Banks Inc. now owns 28,051 shares of the company’s stock worth $2,147,000 after buying an additional 636 shares during the period. Finally, Intrust Bank NA increased its stake in shares of IDEX Corp. by 3.1% in the fourth quarter. Intrust Bank NA now owns 30,305 shares of the company’s stock worth $2,322,000 after buying an additional 904 shares during the period.

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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