IDEX Corp. (NYSE:IEX) issued its quarterly earnings data on Monday. The company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by $0.01. IDEX Corp. had a net margin of 14.16% and a return on equity of 19.49%. The business had revenue of $530.40 million for the quarter, compared to the consensus estimate of $536.29 million.

IDEX Corp. (NYSE:IEX) traded up 0.66% on Monday, hitting $86.98. 543,212 shares of the company’s stock traded hands. The stock has a market cap of $6.62 billion, a PE ratio of 23.06 and a beta of 1.16. The stock has a 50-day moving average of $91.75 and a 200-day moving average of $86.88. IDEX Corp. has a one year low of $67.20 and a one year high of $95.33.

Earnings History for IDEX Corp. (NYSE:IEX)

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Monday, October 17th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, October 13th. IDEX Corp.’s dividend payout ratio (DPR) is presently 35.98%.

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

Several hedge funds and other institutional investors have recently modified their holdings of IEX. Pacad Investment Ltd. acquired a new position in shares of IDEX Corp. during the second quarter valued at about $230,000. Credit Suisse AG boosted its position in shares of IDEX Corp. by 34.6% in the second quarter. Credit Suisse AG now owns 92,829 shares of the company’s stock valued at $7,621,000 after buying an additional 23,842 shares during the period. BlueMountain Capital Management LLC acquired a new position in shares of IDEX Corp. during the second quarter valued at about $725,000. Gideon Capital Advisors Inc. boosted its position in shares of IDEX Corp. by 33.4% in the second quarter. Gideon Capital Advisors Inc. now owns 3,499 shares of the company’s stock valued at $287,000 after buying an additional 876 shares during the period. Finally, Sei Investments Co. boosted its position in shares of IDEX Corp. by 9.5% in the second quarter. Sei Investments Co. now owns 127,888 shares of the company’s stock valued at $10,500,000 after buying an additional 11,044 shares during the period. 97.49% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on IEX shares. Janney Montgomery Scott raised shares of IDEX Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $87.00 to $96.00 in a research report on Tuesday, July 19th. 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 reissued a “buy” rating on shares of IDEX Corp. in a research report on Tuesday, July 12th. Jefferies Group reissued a “hold” rating on shares of IDEX Corp. in a research report on Tuesday, July 19th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of IDEX Corp. in a report on Monday, June 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $85.86.

IDEX Corp. 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).

5 Day Chart for NYSE:IEX

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