IDEX Corp. (IEX) COO Eric D. Ashleman Sells 6,000 Shares of Stock
IDEX Corp. (NYSE:IEX) COO Eric D. Ashleman sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $92.83, for a total transaction of $556,980.00. Following the completion of the transaction, the chief operating officer now owns 19,941 shares in the company, valued at $1,851,123.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
IDEX Corp. (NYSE:IEX) traded up 0.02% during mid-day trading on Thursday, hitting $93.52. The stock had a trading volume of 212,006 shares. The stock’s 50-day moving average price is $88.84 and its 200-day moving average price is $88.13. IDEX Corp. has a 12 month low of $67.20 and a 12 month high of $95.33. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 25.63 and a beta of 1.17.
IDEX Corp. (NYSE:IEX) last issued its earnings results on Monday, October 17th. The company reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $530.40 million for the quarter, compared to the consensus estimate of $536.29 million. IDEX Corp. had a return on equity of 19.15% and a net margin of 13.52%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $0.89 EPS. On average, analysts predict that IDEX Corp. will post $3.73 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Monday, October 17th were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, October 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.45%. IDEX Corp.’s payout ratio is currently 37.06%.
Institutional investors have recently made changes to their positions in the stock. Catalyst Capital Advisors LLC purchased a new position in shares of IDEX Corp. during the second quarter worth approximately $6,158,000. Schroder Investment Management Group boosted its position in shares of IDEX Corp. by 12.0% in the second quarter. Schroder Investment Management Group now owns 807,280 shares of the company’s stock worth $66,278,000 after buying an additional 86,700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of IDEX Corp. by 37.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 169,362 shares of the company’s stock worth $13,905,000 after buying an additional 45,901 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of IDEX Corp. by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 207,547 shares of the company’s stock worth $17,040,000 after buying an additional 945 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in shares of IDEX Corp. by 0.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,490 shares of the company’s stock worth $952,000 after buying an additional 43 shares during the last quarter. 98.02% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on IEX. Stifel Nicolaus upped their price objective on shares of IDEX Corp. from $88.00 to $89.00 and gave the stock a “hold” rating in a research report on Wednesday, October 19th. RBC Capital Markets set a $101.00 target price on IDEX Corp. and gave the stock a “buy” rating in a research note on Wednesday, October 19th. Finally, Zacks Investment Research lowered IDEX Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, October 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. IDEX Corp. presently has a consensus rating of “Hold” and an average price target of $88.63.
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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).
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