IDEX Corp. (IEX) Reaches New 52-Week High at $90.59
IDEX Corp. (NYSE:IEX) hit a new 52-week high during trading on Thursday . The stock traded as high as $90.59 and last traded at $90.31, with a volume of 110,985 shares traded. The stock had previously closed at $90.00.
Several equities research analysts recently commented on the stock. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of IDEX Corp. in a research note on Monday, April 18th. Jefferies Group restated a “hold” rating on shares of IDEX Corp. in a research note on Tuesday, July 19th. KeyCorp began coverage on shares of IDEX Corp. in a research note on Monday, May 23rd. They issued a “sector weight” rating on the stock. Janney Montgomery Scott upgraded shares of IDEX Corp. from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $87.00 to $96.00 in a research note on Tuesday, July 19th. Finally, Zacks Investment Research upgraded shares of IDEX Corp. from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Thursday, July 14th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $85.86.
The stock has a 50-day moving average price of $85.31 and a 200 day moving average price of $80.86. The stock has a market cap of $6.87 billion and a price-to-earnings ratio of 23.94.
IDEX Corp. (NYSE:IEX) last announced its earnings results on Monday, July 18th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.06. During the same period in the previous year, the business earned $0.89 EPS. The firm earned $549.70 million during the quarter. Equities research analysts predict that IDEX Corp. will post $3.74 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were paid a dividend of $0.34 per share. The ex-dividend date was Wednesday, July 13th. This represents a $1.36 dividend on an annualized basis and a yield of 1.51%.
In other IDEX Corp. news, SVP Daniel J. Salliotte sold 4,000 shares of the stock in a transaction 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 transaction, the senior vice president now directly owns 29,610 shares in the company, valued at approximately $2,465,624.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregory F. Milzcik sold 4,830 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $90.00, for a total transaction of $434,700.00. Following the transaction, the director now owns 5,375 shares in the company, valued at $483,750. The disclosure for this sale can be found here.
Other hedge funds and institutional investors recently bought and sold shares of the company. Marshall Wace LLP bought a new position in IDEX Corp. during the fourth quarter worth approximately $6,695,000. Vanguard Group Inc. increased its position in IDEX Corp. by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,146,612 shares of the company’s stock worth $394,281,000 after buying an additional 65,343 shares during the period. KBC Group NV increased its position in IDEX Corp. by 292.3% in the fourth quarter. KBC Group NV now owns 39,579 shares of the company’s stock worth $3,032,000 after buying an additional 29,491 shares during the period. BlackRock Advisors LLC increased its position in IDEX Corp. by 5.4% in the fourth quarter. BlackRock Advisors LLC now owns 139,549 shares of the company’s stock worth $10,691,000 after buying an additional 7,181 shares during the period. Finally, Principal Financial Group Inc. increased its position in IDEX Corp. by 1.7% in the fourth quarter. Principal Financial Group Inc. now owns 424,449 shares of the company’s stock worth $32,517,000 after buying an additional 7,054 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).
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.