IDEX Co. (NYSE:IEX) has received a consensus rating of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $116.86.
IEX has been the topic of a number of analyst reports. Oppenheimer restated a “hold” rating on shares of IDEX in a report on Wednesday, October 18th. Stifel Nicolaus reiterated a “hold” rating and issued a $132.00 price objective on shares of IDEX in a research note on Thursday, December 14th. SunTrust Banks reiterated a “hold” rating and issued a $118.00 price objective on shares of IDEX in a research note on Tuesday, October 17th. They noted that the move was a valuation call. Seaport Global Securities reiterated a “neutral” rating on shares of IDEX in a research note on Wednesday, October 18th. Finally, Zacks Investment Research lowered shares of IDEX from a “buy” rating to a “hold” rating in a research note on Monday, September 11th.
Hedge funds have recently modified their holdings of the company. IHT Wealth Management LLC increased its stake in shares of IDEX by 258.5% during the 2nd quarter. IHT Wealth Management LLC now owns 527 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 380 shares during the last quarter. Toronto Dominion Bank purchased a new stake in shares of IDEX during the 2nd quarter worth approximately $106,000. Strs Ohio purchased a new stake in shares of IDEX during the 2nd quarter worth approximately $112,000. Acrospire Investment Management LLC increased its stake in shares of IDEX by 1,000.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,100 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of IDEX during the 2nd quarter worth approximately $134,000. Institutional investors own 96.96% of the company’s stock.
IDEX (IEX) traded up $0.47 on Friday, hitting $132.97. 328,700 shares of the company were exchanged, compared to its average volume of 302,283. The company has a quick ratio of 2.04, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. IDEX has a 12 month low of $88.29 and a 12 month high of $135.70. The firm has a market cap of $10,123.25, a price-to-earnings ratio of 31.93, a PEG ratio of 2.39 and a beta of 1.24.
IDEX (NYSE:IEX) last posted its earnings results on Monday, October 16th. The industrial products company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. IDEX had a net margin of 13.48% and a return on equity of 19.07%. The company had revenue of $574.50 million for the quarter, compared to analyst estimates of $563.23 million. During the same quarter in the prior year, the business posted $0.92 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. sell-side analysts predict that IDEX will post 4.26 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Monday, January 15th will be paid a $0.37 dividend. The ex-dividend date is Thursday, January 11th. This represents a $1.48 annualized dividend and a yield of 1.11%. IDEX’s dividend payout ratio (DPR) is 37.95%.
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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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