IDEX Corp. (NYSE:IEX) has been assigned an average recommendation of “Hold” from the nine analysts that are presently covering the company. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $86.67.

A number of equities analysts have commented on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of IDEX Corp. in a research report on Monday, June 27th. Zacks Investment Research raised shares of IDEX Corp. from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Thursday, July 14th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of IDEX Corp. in a research report on Tuesday, July 12th. Janney Montgomery Scott assumed coverage on shares of IDEX Corp. in a research report on Tuesday, June 21st. They set a “neutral” rating and a $87.00 price objective for the company. Finally, Jefferies Group reaffirmed a “hold” rating on shares of IDEX Corp. in a research report on Tuesday, July 19th.

Shares of IDEX Corp. (NYSE:IEX) opened at 90.40 on Wednesday. The stock has a 50 day moving average of $92.64 and a 200 day moving average of $86.73. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 23.97 and a beta of 1.16. IDEX Corp. has a 12-month low of $67.20 and a 12-month high of $95.33.

IDEX Corp. (NYSE:IEX) last released its quarterly earnings data on Monday, July 18th. The company reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.06. IDEX Corp. had a net margin of 14.16% and a return on equity of 19.49%. The firm earned $549.70 million during the quarter. During the same period last year, the firm earned $0.89 earnings per share. On average, equities analysts expect that IDEX Corp. will post $3.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, October 13th. IDEX Corp.’s dividend payout ratio (DPR) is presently 35.98%.

In related news, Chairman Andrew K. Silvernail sold 6,575 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $91.34, for a total value of $600,560.50. Following the completion of the transaction, the chairman now owns 88,418 shares of the company’s stock, valued at $8,076,100.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gregory F. Milzcik sold 4,830 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $90.00, for a total value of $434,700.00. Following the completion of the transaction, the director now directly owns 5,375 shares of the company’s stock, valued at approximately $483,750. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of IEX. Vanguard Group Inc. increased its position in IDEX Corp. by 3.6% in the second quarter. Vanguard Group Inc. now owns 5,496,210 shares of the company’s stock worth $451,239,000 after buying an additional 188,937 shares during the period. BlackRock Fund Advisors increased its position in shares of IDEX Corp. by 4.7% in the second quarter. BlackRock Fund Advisors now owns 2,656,019 shares of the company’s stock valued at $218,059,000 after buying an additional 119,261 shares during the last quarter. Wellington Management Group LLP increased its position in shares of IDEX Corp. by 12.7% in the first quarter. Wellington Management Group LLP now owns 2,571,528 shares of the company’s stock valued at $213,127,000 after buying an additional 289,735 shares during the last quarter. FMR LLC increased its position in shares of IDEX Corp. by 2.1% in the second quarter. FMR LLC now owns 2,469,173 shares of the company’s stock valued at $202,720,000 after buying an additional 50,255 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of IDEX Corp. by 8.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,373,177 shares of the company’s stock valued at $196,689,000 after buying an additional 179,710 shares during the last quarter. 97.53% of the stock is owned by institutional investors and hedge funds.

About IDEX Corp.

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).

5 Day Chart for NYSE:IEX

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