News headlines about IDEX (NYSE:IEX) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. IDEX earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 46.2772937009236 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several analysts have commented on the company. Janney Montgomery Scott reiterated a “neutral” rating and set a $140.00 target price (up from $139.00) on shares of IDEX in a research note on Tuesday, May 1st. They noted that the move was a valuation call. Zacks Investment Research downgraded IDEX from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. BMO Capital Markets increased their target price on IDEX from $143.00 to $144.00 and gave the company a “market perform” rating in a research note on Tuesday, May 1st. Stifel Nicolaus cut their target price on IDEX from $145.00 to $140.00 and set a “hold” rating on the stock in a research note on Monday, April 16th. Finally, DA Davidson assumed coverage on IDEX in a research note on Thursday, April 12th. They set a “neutral” rating and a $140.00 target price on the stock. Twelve investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. IDEX presently has a consensus rating of “Hold” and an average target price of $137.55.
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Shares of IDEX traded up $0.82, reaching $143.31, on Thursday, MarketBeat.com reports. The stock had a trading volume of 217,700 shares, compared to its average volume of 296,569. The company has a market cap of $10.84 billion, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 2.48 and a beta of 1.22. IDEX has a 1 year low of $109.15 and a 1 year high of $150.72. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.38 and a quick ratio of 2.48.
IDEX (NYSE:IEX) last released its quarterly earnings results on Monday, April 30th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.05. The firm had revenue of $612.30 million for the quarter, compared to the consensus estimate of $601.11 million. IDEX had a return on equity of 19.07% and a net margin of 15.36%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. analysts expect that IDEX will post 5.18 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Stockholders of record on Tuesday, May 15th were paid a $0.43 dividend. This is an increase from IDEX’s previous quarterly dividend of $0.37. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Monday, May 14th. IDEX’s dividend payout ratio (DPR) is 39.91%.
In related news, Director William M. Cook sold 317 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $142.00, for a total value of $45,014.00. Following the transaction, the director now directly owns 19,538 shares of the company’s stock, valued at approximately $2,774,396. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jeffrey D. Bucklew sold 1,589 shares of the firm’s stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $141.41, for a total value of $224,700.49. Following the completion of the transaction, the senior vice president now directly owns 1,701 shares in the company, valued at $240,538.41. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,317 shares of company stock worth $5,169,338. Company insiders own 1.20% of the company’s stock.
IDEX Company Profile
IDEX Corporation, through its subsidiaries, provides various pumps, valves, flow meters, other fluidics systems and components, and engineered products worldwide. Its Fluid & Metering Technologies segment designs, produces, and distributes positive displacement pumps, flow meters, injectors, other fluid-handling pump modules and systems, and specialty valve products, as well as offers flow monitoring and other services for food, chemical, general industrial, water and wastewater, agricultural, and energy industries.