Cowen reissued their hold rating on shares of IDEX (NYSE:IEX) in a research note released on Sunday, January 28th. The firm currently has a $120.00 price target on the industrial products company’s stock.
Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus reiterated a hold rating and issued a $132.00 price target on shares of IDEX in a research note on Thursday, December 14th. Seaport Global Securities reiterated a neutral rating on shares of IDEX in a research report on Wednesday, October 18th. Royal Bank of Canada lifted their price target on IDEX from $124.00 to $126.00 and gave the company a sector perform rating in a research report on Wednesday, October 18th. UBS Group initiated coverage on IDEX in a report on Monday, January 22nd. They issued a neutral rating on the stock. Finally, Jefferies Group reissued a hold rating on shares of IDEX in a report on Friday, October 6th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. IDEX has a consensus rating of Hold and an average target price of $133.40.
IDEX (NYSE IEX) opened at $132.63 on Friday. IDEX has a 12-month low of $89.69 and a 12-month high of $148.32. The company has a market capitalization of $10,001.00, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 1.99 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.78 and a quick ratio of 2.06.
IDEX (NYSE:IEX) last issued its quarterly earnings data on Monday, January 29th. The industrial products company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. IDEX had a return on equity of 18.88% and a net margin of 14.74%. The company had revenue of $585.90 million for the quarter, compared to the consensus estimate of $573.47 million. During the same quarter last year, the company earned $0.96 earnings per share. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. equities research analysts expect that IDEX will post 5.07 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 30th. Investors of record on Monday, January 15th were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $1.48 annualized dividend and a dividend yield of 1.12%. IDEX’s dividend payout ratio is presently 33.95%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Carillon Tower Advisers Inc. acquired a new position in shares of IDEX during the 4th quarter worth about $531,000. Cookson Peirce & Co. Inc. raised its stake in IDEX by 2.0% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 117,435 shares of the industrial products company’s stock valued at $15,498,000 after acquiring an additional 2,310 shares during the last quarter. Ramsey Quantitative Systems raised its stake in IDEX by 77.3% during the 4th quarter. Ramsey Quantitative Systems now owns 29,695 shares of the industrial products company’s stock valued at $542,000 after acquiring an additional 12,951 shares during the last quarter. OppenheimerFunds Inc. raised its stake in IDEX by 2.5% during the 4th quarter. OppenheimerFunds Inc. now owns 147,768 shares of the industrial products company’s stock valued at $19,501,000 after acquiring an additional 3,593 shares during the last quarter. Finally, First Republic Investment Management Inc. purchased a new stake in IDEX during the 4th quarter valued at approximately $276,000. 96.92% of the stock is owned by hedge funds and other institutional investors.
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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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