Shares of IDEX Corporation (NYSE:IEX) have received an average rating of “Hold” from the twelve research firms that are covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $114.86.

A number of brokerages have issued reports on IEX. Cowen and Company reaffirmed a “hold” rating and issued a $95.00 price objective on shares of IDEX Corporation in a research note on Friday, October 6th. Robert W. Baird reissued a “buy” rating and set a $129.00 price target on shares of IDEX Corporation in a research report on Wednesday, October 4th. Jefferies Group LLC reissued a “hold” rating on shares of IDEX Corporation in a research report on Friday, October 6th. BidaskClub cut shares of IDEX Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. Finally, Zacks Investment Research raised shares of IDEX Corporation from a “hold” rating to a “buy” rating and set a $139.00 price target on the stock in a research report on Thursday, October 5th.

Shares of IDEX Corporation (NYSE:IEX) traded up 0.14% during midday trading on Friday, hitting $123.23. The stock had a trading volume of 309,877 shares. The stock has a market cap of $9.42 billion, a PE ratio of 33.03 and a beta of 1.19. The stock has a 50-day moving average of $120.29 and a 200 day moving average of $110.90. IDEX Corporation has a 52 week low of $82.05 and a 52 week high of $125.42.

IDEX Corporation (NYSE:IEX) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. IDEX Corporation had a net margin of 13.12% and a return on equity of 19.01%. The firm had revenue of $573.40 million for the quarter, compared to analysts’ expectations of $568.43 million. During the same period last year, the firm earned $0.99 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts anticipate that IDEX Corporation will post $4.24 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.20%. IDEX Corporation’s dividend payout ratio is 39.68%.

In related news, Chairman Andrew K. Silvernail sold 50,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $115.00, for a total transaction of $5,750,000.00. Following the sale, the chairman now directly owns 142,114 shares in the company, valued at $16,343,110. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Daniel J. Salliotte sold 6,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $115.34, for a total transaction of $692,040.00. Following the sale, the senior vice president now owns 33,762 shares in the company, valued at $3,894,109.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,000 shares of company stock worth $6,909,200. Insiders own 1.00% of the company’s stock.

Several large investors have recently modified their holdings of the stock. First Bank & Trust raised its holdings in shares of IDEX Corporation by 0.5% during the second quarter. First Bank & Trust now owns 7,326 shares of the industrial products company’s stock worth $828,000 after acquiring an additional 34 shares during the period. Global X Management Co. LLC raised its holdings in shares of IDEX Corporation by 1.3% during the first quarter. Global X Management Co. LLC now owns 2,869 shares of the industrial products company’s stock worth $268,000 after acquiring an additional 36 shares during the period. US Bancorp DE raised its holdings in shares of IDEX Corporation by 1.4% during the first quarter. US Bancorp DE now owns 2,646 shares of the industrial products company’s stock worth $247,000 after acquiring an additional 37 shares during the period. Steinberg Global Asset Management raised its holdings in shares of IDEX Corporation by 0.6% during the second quarter. Steinberg Global Asset Management now owns 8,597 shares of the industrial products company’s stock worth $972,000 after acquiring an additional 51 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of IDEX Corporation by 0.9% during the second quarter. PNC Financial Services Group Inc. now owns 13,302 shares of the industrial products company’s stock worth $1,504,000 after acquiring an additional 113 shares during the period. Institutional investors and hedge funds own 98.50% of the company’s stock.

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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).

Analyst Recommendations for IDEX Corporation (NYSE:IEX)

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