IDEX Corp. (IEX) SVP Jeffrey D. Bucklew Sells 3,250 Shares of Stock
IDEX Corp. (NYSE:IEX) SVP Jeffrey D. Bucklew sold 3,250 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $93.00, for a total value of $302,250.00. Following the transaction, the senior vice president now owns 5,510 shares in the company, valued at approximately $512,430. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
IDEX Corp. (NYSE:IEX) traded up 0.02% during mid-day trading on Thursday, reaching $93.52. The company had a trading volume of 212,006 shares. The stock has a 50 day moving average price of $88.84 and a 200-day moving average price of $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 capitalization of $7.13 billion, a P/E 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 Thomson Reuters’ consensus estimate of $0.92. The firm had revenue of $530.40 million for the quarter, compared to analyst estimates of $536.29 million. IDEX Corp. had a return on equity of 19.15% and a net margin of 13.52%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share. Equities analysts anticipate that IDEX Corp. will post $3.73 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Monday, October 17th were paid a $0.34 dividend. The ex-dividend date was Thursday, October 13th. This represents a $1.36 annualized dividend and a dividend yield of 1.45%. IDEX Corp.’s payout ratio is presently 37.06%.
Several research analysts have weighed in on IEX shares. RBC Capital Markets set a $101.00 price objective on IDEX Corp. and gave the stock a “buy” rating in a research report on Wednesday, October 19th. Zacks Investment Research lowered IDEX Corp. from a “hold” rating to a “sell” rating in a report on Thursday, October 13th. Finally, Stifel Nicolaus increased their target price on IDEX Corp. from $88.00 to $89.00 and gave the stock a “hold” rating in a report on Wednesday, October 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $88.63.
Several hedge funds have recently modified their holdings of the stock. Capital World Investors raised its stake in shares of IDEX Corp. by 34.6% in the third quarter. Capital World Investors now owns 5,966,984 shares of the company’s stock valued at $558,331,000 after buying an additional 1,532,396 shares during the last quarter. Champlain Investment Partners LLC raised its stake in shares of IDEX Corp. by 74.5% in the second quarter. Champlain Investment Partners LLC now owns 499,115 shares of the company’s stock valued at $40,977,000 after buying an additional 213,090 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of IDEX Corp. by 3.6% in the second quarter. Vanguard Group Inc. now owns 5,496,210 shares of the company’s stock valued at $451,239,000 after buying an additional 188,937 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of IDEX Corp. by 6.1% in the third quarter. JPMorgan Chase & Co. now owns 2,826,253 shares of the company’s stock valued at $264,453,000 after buying an additional 163,006 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of IDEX Corp. by 17.7% in the third quarter. Schroder Investment Management Group now owns 949,863 shares of the company’s stock valued at $88,879,000 after buying an additional 142,583 shares during the last quarter. Hedge funds and other institutional investors own 98.02% of the company’s stock.
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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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