Shares of IDEX Corporation (NYSE:IEX) reached a new 52-week high during trading on Friday . The company traded as high as $119.65 and last traded at $119.74, with a volume of 39,808 shares traded. The stock had previously closed at $118.10.

A number of research firms have recently commented on IEX. BMO Capital Markets reissued a “hold” rating and set a $110.00 target price on shares of IDEX Corporation in a research note on Wednesday. Stifel Nicolaus reissued a “hold” rating and set a $120.00 target price on shares of IDEX Corporation in a research note on Sunday, September 3rd. Zacks Investment Research cut shares of IDEX Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. BidaskClub cut shares of IDEX Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $91.00 target price on shares of IDEX Corporation in a research note on Friday, August 4th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $107.25.

The stock’s 50 day moving average is $115.52 and its 200 day moving average is $105.95. The firm has a market capitalization of $9.21 billion, a P/E ratio of 32.31 and a beta of 1.19.

IDEX Corporation (NYSE:IEX) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. The company had revenue of $573.40 million during the quarter, compared to analysts’ expectations of $568.43 million. IDEX Corporation had a net margin of 13.12% and a return on equity of 19.01%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 earnings per share. Equities analysts expect that IDEX Corporation will post $4.23 earnings per share for the current year.

In other news, SVP Daniel J. Salliotte sold 6,000 shares of IDEX Corporation stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $115.34, for a total transaction of $692,040.00. Following the completion of the sale, the senior vice president now directly owns 33,762 shares in the company, valued at $3,894,109.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Andrew K. Silvernail sold 50,000 shares of IDEX Corporation stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $115.00, for a total transaction of $5,750,000.00. Following the sale, the chairman now owns 142,114 shares of the company’s stock, valued at $16,343,110. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,000 shares of company stock valued at $6,909,200. Insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of IEX. BlackRock Inc. grew its holdings in shares of IDEX Corporation by 7,037.4% during the first quarter. BlackRock Inc. now owns 6,425,051 shares of the industrial products company’s stock worth $600,808,000 after buying an additional 6,335,032 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of IDEX Corporation by 52.8% during the first quarter. Clearbridge Investments LLC now owns 1,326,704 shares of the industrial products company’s stock worth $124,060,000 after buying an additional 458,726 shares in the last quarter. State Street Corp grew its holdings in shares of IDEX Corporation by 20.6% during the second quarter. State Street Corp now owns 2,396,039 shares of the industrial products company’s stock worth $270,781,000 after buying an additional 409,654 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of IDEX Corporation by 59.5% during the second quarter. Principal Financial Group Inc. now owns 904,398 shares of the industrial products company’s stock worth $102,206,000 after buying an additional 337,382 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of IDEX Corporation by 5.5% during the first quarter. Vanguard Group Inc. now owns 6,246,396 shares of the industrial products company’s stock worth $584,099,000 after buying an additional 327,970 shares in the last quarter. Institutional investors and hedge funds own 99.13% of the company’s stock.

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IDEX Corporation 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).

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