William M. Cook Sells 1,933 Shares of IDEX Co. (IEX) Stock

IDEX Co. (NYSE:IEX) Director William M. Cook sold 1,933 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $152.06, for a total value of $293,931.98. Following the sale, the director now owns 17,288 shares of the company’s stock, valued at $2,628,813.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

IDEX stock opened at $151.65 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.39 and a current ratio of 3.21. The firm has a market cap of $11.75 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 2.62 and a beta of 1.22. IDEX Co. has a one year low of $110.25 and a one year high of $154.62.

IDEX (NYSE:IEX) last posted its earnings results on Tuesday, July 24th. The industrial products company reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.09. The firm had revenue of $634.40 million for the quarter, compared to the consensus estimate of $623.10 million. IDEX had a net margin of 15.94% and a return on equity of 19.71%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share. sell-side analysts predict that IDEX Co. will post 5.31 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Monday, July 16th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, July 13th. IDEX’s payout ratio is 39.91%.

Several analysts recently issued reports on the company. Zacks Investment Research lowered IDEX from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Stifel Nicolaus increased their price objective on IDEX from $140.00 to $149.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. BMO Capital Markets reiterated a “hold” rating and set a $150.00 price objective on shares of IDEX in a report on Thursday, July 26th. Wells Fargo & Co reiterated a “buy” rating and set a $170.00 price objective (up from $165.00) on shares of IDEX in a report on Wednesday, July 25th. Finally, Oppenheimer reiterated a “hold” rating on shares of IDEX in a report on Wednesday, July 25th. Thirteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $147.90.

Institutional investors have recently bought and sold shares of the business. HRT Financial LLC acquired a new stake in shares of IDEX in the first quarter valued at about $215,000. Stock Yards Bank & Trust Co. acquired a new stake in shares of IDEX in the second quarter valued at about $208,000. Gateway Investment Advisers LLC acquired a new stake in shares of IDEX in the second quarter valued at about $208,000. Brinker Capital Inc. acquired a new stake in shares of IDEX in the first quarter valued at about $231,000. Finally, IBM Retirement Fund acquired a new stake in shares of IDEX in the first quarter valued at about $239,000. 95.58% of the stock is currently owned by hedge funds and other institutional investors.

About IDEX

IDEX Corporation, through its subsidiaries, provides various pumps, valves, flow meters, other fluidics systems and components, and engineered products worldwide. Its Fluid & Metering Technologies segment designs, produces, and distributes positive displacement pumps, flow meters, injectors, other fluid-handling pump modules and systems, and specialty valve products, as well as offers flow monitoring and other services for food, chemical, general industrial, water and wastewater, agricultural, and energy industries.

Further Reading: Diversification For Individual Investors

Insider Buying and Selling by Quarter for IDEX (NYSE:IEX)

Receive News & Ratings for IDEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDEX and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply