IDEX Corporation (IEX) Given Daily Coverage Optimism Rating of 0.19
Media stories about IDEX Corporation (NYSE:IEX) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. IDEX Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 55 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the stock’s share price in the near future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- IDEX Corporation (IEX) Expected to Post Quarterly Sales of $568.53 Million (americanbankingnews.com)
- $1.06 EPS Expected for IDEX Corporation (IEX) This Quarter (americanbankingnews.com)
- Idex Corp Shares Up 22.1% Since SmarTrend’s Buy Recommendation (IEX) (mysmartrend.com)
- IDEX Corporation (IEX) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Ex-Dividend Reminder: Trinity Industries, IDEX and Masco (nasdaq.com)
IDEX Corporation (IEX) traded up 0.60% during midday trading on Monday, hitting $114.62. 58,877 shares of the stock were exchanged. The firm has a 50-day moving average price of $109.50 and a 200-day moving average price of $97.70. IDEX Corporation has a one year low of $82.05 and a one year high of $115.18. The stock has a market cap of $8.75 billion, a P/E ratio of 31.58 and a beta of 1.19.
IDEX Corporation (NYSE:IEX) last posted its quarterly earnings data on Wednesday, April 19th. The industrial products company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.10. The firm had revenue of $553.60 million during the quarter, compared to analysts’ expectations of $533.14 million. IDEX Corporation had a return on equity of 19.19% and a net margin of 12.89%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS. On average, equities research analysts anticipate that IDEX Corporation will post $4.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, July 14th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Wednesday, July 12th. IDEX Corporation’s payout ratio is 40.66%.
Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of IDEX Corporation from a “sell” rating to a “hold” rating in a report on Thursday, April 20th. Stifel Nicolaus reissued a “hold” rating and issued a $100.00 price target on shares of IDEX Corporation in a report on Friday, May 26th. Robert W. Baird reissued a “buy” rating and issued a $104.00 price target on shares of IDEX Corporation in a report on Friday, April 21st. BMO Capital Markets reissued a “hold” rating and issued a $104.00 price target on shares of IDEX Corporation in a report on Friday, April 21st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $79.00 price target on shares of IDEX Corporation in a report on Wednesday, April 12th. Nine analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. IDEX Corporation has a consensus rating of “Hold” and a consensus price target of $101.00.
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In other news, SVP Jeffrey D. Bucklew sold 2,000 shares of IDEX Corporation stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $103.09, for a total value of $206,180.00. Following the transaction, the senior vice president now directly owns 2,726 shares of the company’s stock, valued at approximately $281,023.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael J. Yates sold 10,533 shares of IDEX Corporation stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $104.30, for a total value of $1,098,591.90. Following the completion of the transaction, the vice president now directly owns 34,418 shares in the company, valued at $3,589,797.40. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.
About IDEX Corporation
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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