IDEX Co. (NYSE:IEX) – Analysts at DA Davidson issued their Q1 2018 earnings estimates for IDEX in a report issued on Wednesday, April 11th. DA Davidson analyst M. Summerville forecasts that the industrial products company will post earnings per share of $1.25 for the quarter. DA Davidson has a “Neutral” rating and a $140.00 price target on the stock. DA Davidson also issued estimates for IDEX’s Q2 2018 earnings at $1.32 EPS, Q3 2018 earnings at $1.27 EPS, Q4 2018 earnings at $1.30 EPS, FY2018 earnings at $5.15 EPS, Q1 2019 earnings at $1.36 EPS, Q2 2019 earnings at $1.43 EPS, Q3 2019 earnings at $1.38 EPS, Q4 2019 earnings at $1.41 EPS and FY2019 earnings at $5.60 EPS.
A number of other equities analysts have also recently issued reports on IEX. Stifel Nicolaus reduced their price objective on shares of IDEX from $145.00 to $140.00 and set a “hold” rating on the stock in a research note on Monday. Zacks Investment Research raised shares of IDEX from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Monday, April 9th. Cowen reaffirmed a “hold” rating and issued a $120.00 price objective on shares of IDEX in a research note on Sunday, January 28th. SunTrust Banks raised their price objective on shares of IDEX to $145.00 in a research note on Thursday, February 1st. They noted that the move was a valuation call. Finally, BMO Capital Markets lifted their price target on shares of IDEX to $143.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 31st. They noted that the move was a valuation call. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. IDEX currently has a consensus rating of “Hold” and an average target price of $136.60.
Shares of IEX stock opened at $144.52 on Monday. IDEX has a 52-week low of $92.55 and a 52-week high of $150.72. The company has a market capitalization of $10,863.42, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20. The company has a current ratio of 2.78, a quick ratio of 2.06 and a debt-to-equity ratio of 0.46.
IDEX (NYSE:IEX) last announced its quarterly earnings data on Monday, January 29th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.05. IDEX had a net margin of 14.74% and a return on equity of 18.88%. The firm had revenue of $585.90 million for the quarter, compared to analysts’ expectations of $573.47 million. During the same period last year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB boosted its position in shares of IDEX by 26.4% during the fourth quarter. Xact Kapitalforvaltning AB now owns 7,837 shares of the industrial products company’s stock worth $1,034,000 after purchasing an additional 1,636 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of IDEX by 51.6% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 26,210 shares of the industrial products company’s stock worth $3,459,000 after purchasing an additional 8,919 shares in the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of IDEX by 9.2% during the fourth quarter. Segall Bryant & Hamill LLC now owns 59,246 shares of the industrial products company’s stock worth $7,819,000 after acquiring an additional 5,010 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of IDEX during the fourth quarter worth $6,380,000. Finally, Gotham Asset Management LLC raised its holdings in shares of IDEX by 314.3% during the fourth quarter. Gotham Asset Management LLC now owns 17,939 shares of the industrial products company’s stock worth $2,367,000 after acquiring an additional 13,609 shares during the period. 96.14% of the stock is currently owned by institutional investors.
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IDEX Company Profile
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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