IDEX Corp. (IEX) Reaches New 12-Month High at $94.61
Shares of IDEX Corp. (NYSE:IEX) hit a new 52-week high during trading on Friday . The stock traded as high as $94.61 and last traded at $94.10, with a volume of 80,522 shares traded. The stock had previously closed at $93.99.
Several analysts recently commented on IEX shares. Zacks Investment Research cut IDEX Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. Janney Montgomery Scott started coverage on IDEX Corp. in a research report on Tuesday, June 21st. They set a “neutral” rating and a $87.00 price target for the company. Royal Bank Of Canada restated a “buy” rating on shares of IDEX Corp. in a report on Tuesday, July 12th. Sanford C. Bernstein restated a “market perform” rating on shares of IDEX Corp. in a report on Monday, June 27th. Finally, KeyCorp started coverage on IDEX Corp. in a report on Monday, May 23rd. They issued a “sector weight” rating for the company. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $85.86.
The firm has a market cap of $7.18 billion and a price-to-earnings ratio of 24.99. The company’s 50-day moving average is $89.79 and its 200 day moving average is $83.39.
IDEX Corp. (NYSE:IEX) last posted its quarterly earnings results on Monday, July 18th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.93 by $0.06. During the same period in the prior year, the company earned $0.89 earnings per share. The business earned $549.70 million during the quarter. On average, equities research analysts expect that IDEX Corp. will post $3.74 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were issued a $0.34 dividend. The ex-dividend date of this dividend was Wednesday, July 13th. This represents a $1.36 annualized dividend and a dividend yield of 1.44%.
In related news, SVP Daniel J. Salliotte sold 4,000 shares of IDEX Corp. stock in a transaction on Tuesday, May 31st. The stock was 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 directly owns 29,610 shares of the company’s stock, valued at $2,465,624.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Gregory F. Milzcik sold 4,830 shares of IDEX Corp. stock in a transaction 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 $483,750. The disclosure for this sale can be found here.
A number of institutional investors have recently modified their holdings of the company. Utah Retirement Systems boosted its position in shares of IDEX Corp. by 0.7% in the fourth quarter. Utah Retirement Systems now owns 13,988 shares of the company’s stock valued at $1,072,000 after buying an additional 100 shares in the last quarter. KBC Group NV boosted its position in shares of IDEX Corp. by 292.3% in the fourth quarter. KBC Group NV now owns 39,579 shares of the company’s stock valued at $3,032,000 after buying an additional 29,491 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position 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 valued at $1,085,000 after buying an additional 335 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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.