IDEX Corp. (NYSE:IEX) gapped down prior to trading on Monday . The stock had previously closed at $83.59, but opened at $83.85. IDEX Corp. shares last traded at $84.77, with a volume of 106,578 shares changing hands.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of IDEX Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of IDEX Corp. in a report on Monday, April 18th. BMO Capital Markets assumed coverage on shares of IDEX Corp. in a report on Tuesday, April 5th. They issued a “market perform” rating and a $82.00 price target for the company. KeyCorp assumed coverage on shares of IDEX Corp. in a report on Monday, May 23rd. They issued a “sector weight” rating for the company. Finally, Janney Montgomery Scott assumed coverage on shares of IDEX Corp. in a report on Tuesday, June 21st. They issued a “neutral” rating and a $87.00 price target for the company. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $84.29.

The firm has a market capitalization of $6.42 billion and a price-to-earnings ratio of 23.05. The company has a 50-day moving average of $83.94 and a 200 day moving average of $79.28.

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

The company also recently declared 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. The ex-dividend date is Wednesday, July 13th. This represents a $1.36 annualized dividend and a yield of 1.61%.

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

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Intrust Bank NA raised its position in IDEX Corp. by 3.1% in the fourth quarter. Intrust Bank NA now owns 30,305 shares of the company’s stock valued at $2,322,000 after buying an additional 904 shares during the last quarter. BHF Kleinwort Benson Group S.A. raised its position in 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 valued at $1,153,000 after buying an additional 5,861 shares during the last quarter. TD Asset Management Inc. raised its position in IDEX Corp. by 6.0% in the fourth quarter. TD Asset Management Inc. now owns 142,000 shares of the company’s stock valued at $10,879,000 after buying an additional 8,000 shares during the last quarter. State of Wisconsin Investment Board raised its position in IDEX Corp. by 0.3% in the fourth quarter. State of Wisconsin Investment Board now owns 203,948 shares of the company’s stock valued at $15,624,000 after buying an additional 631 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in IDEX Corp. by 1.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 105,660 shares of the company’s stock valued at $8,095,000 after buying an additional 1,662 shares in the last quarter.

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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