Seaport Global Securities reaffirmed their neutral rating on shares of IDEX Corporation (NYSE:IEX) in a research note published on Wednesday morning. Seaport Global Securities also issued estimates for IDEX Corporation’s Q4 2017 earnings at $1.07 EPS, FY2017 earnings at $4.26 EPS, Q1 2018 earnings at $1.11 EPS, Q2 2018 earnings at $1.15 EPS, Q3 2018 earnings at $1.18 EPS, Q4 2018 earnings at $1.15 EPS and FY2018 earnings at $4.59 EPS.

IEX has been the subject of a number of other reports. Zacks Investment Research raised shares of IDEX Corporation from a hold rating to a buy rating and set a $138.00 target price for the company in a research note on Thursday, September 21st. 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. Cowen and Company reissued a hold rating and set a $95.00 target price on shares of IDEX Corporation in a research note on Friday, October 6th. BidaskClub raised shares of IDEX Corporation from a buy rating to a strong-buy rating in a research note on Tuesday, June 20th. Finally, Robert W. Baird reissued a buy rating and set a $129.00 target price on shares of IDEX Corporation in a research note on Wednesday, October 4th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. IDEX Corporation presently has an average rating of Hold and a consensus price target of $113.78.

Shares of IDEX Corporation (IEX) traded up 0.91% on Wednesday, reaching $125.77. 266,431 shares of the company’s stock traded hands. The stock has a 50-day moving average of $122.23 and a 200 day moving average of $112.24. The firm has a market cap of $9.60 billion, a P/E ratio of 32.24 and a beta of 1.19. IDEX Corporation has a 12-month low of $82.05 and a 12-month high of $125.80.

IDEX Corporation (NYSE:IEX) last posted its quarterly earnings data on Monday, October 16th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.06 by $0.02. The company had revenue of $574.50 million during the quarter, compared to analyst estimates of $563.23 million. IDEX Corporation had a net margin of 13.48% and a return on equity of 19.07%. IDEX Corporation’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 earnings per share. On average, equities research analysts expect that IDEX Corporation will post $4.26 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 16th will be issued a $0.37 dividend. The ex-dividend date is Friday, October 13th. This represents a $1.48 annualized dividend and a dividend yield of 1.18%. IDEX Corporation’s payout ratio is currently 37.95%.

In related news, 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 value of $5,750,000.00. Following the completion of the sale, the chairman now directly owns 142,114 shares in the company, valued at $16,343,110. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffrey D. Bucklew sold 4,000 shares of IDEX Corporation stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $116.79, for a total value of $467,160.00. Following the completion of the sale, the senior vice president now owns 6,726 shares of the company’s stock, valued at $785,529.54. The disclosure for this sale can be found here. Insiders sold 60,000 shares of company stock valued at $6,909,200 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. First Bank & Trust raised its holdings in shares of IDEX Corporation by 0.5% in the second quarter. First Bank & Trust now owns 7,326 shares of the industrial products company’s stock valued at $828,000 after acquiring an additional 34 shares in the last quarter. Global X Management Co. LLC raised its holdings in shares of IDEX Corporation by 1.3% in the first quarter. Global X Management Co. LLC now owns 2,869 shares of the industrial products company’s stock valued at $268,000 after acquiring an additional 36 shares in the last quarter. Steinberg Global Asset Management raised its holdings in shares of IDEX Corporation by 0.6% in the second quarter. Steinberg Global Asset Management now owns 8,597 shares of the industrial products company’s stock valued at $972,000 after acquiring an additional 51 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of IDEX Corporation by 0.9% in the second quarter. PNC Financial Services Group Inc. now owns 13,302 shares of the industrial products company’s stock valued at $1,504,000 after acquiring an additional 113 shares in the last quarter. Finally, World Asset Management Inc raised its holdings in shares of IDEX Corporation by 2.5% in the second quarter. World Asset Management Inc now owns 5,751 shares of the industrial products company’s stock valued at $650,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 98.49% of the company’s stock.

About IDEX Corporation

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).

Analyst Recommendations for IDEX Corporation (NYSE:IEX)

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