IDEX Corp. Coverage Initiated by Analysts at Longbow Research (IEX)
Research analysts at Longbow Research began coverage on shares of IDEX Corp. (NYSE:IEX) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on IEX. Analysts at Janney Montgomery Scott initiated coverage on shares of IDEX Corp. (NYSE:IEX) in a research note to investors on Thursday, August 15th. They set a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of IDEX Corp. (NYSE:IEX) from $54.00 to $56.00 in a research note to investors on Wednesday, July 24th. They now have a “hold” rating on the stock. Finally, analysts at Global Hunter Securities raised their price target on shares of IDEX Corp. (NYSE:IEX) from $45.00 to $52.00 in a research note to investors on Wednesday, July 24th. They now have a “neutral” rating on the stock. Ten research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $52.00.
IDEX Corp. (NYSE:IEX) traded up 0.95% during mid-day trading on Tuesday, hitting $65.87. The stock had a trading volume of 41,411 shares. IDEX Corp. has a 52 week low of $39.74 and a 52 week high of $65.32. The stock has a 50-day moving average of $62.04 and a 200-day moving average of $56.59. The company has a market cap of $5.386 billion and a P/E ratio of 99.47.
IDEX Corp. (NYSE:IEX) last released its earnings data on Monday, July 22nd. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The company had revenue of $518.40 million for the quarter, compared to the consensus estimate of $516.23 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts predict that IDEX Corp. will post $2.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, October 10th.
IDEX Corporation (NYSE:IEX) is an applied solutions business that sells an array of pumps, flow meters and other fluidics systems and components and engineered products to customers in a variety of markets worldwide.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.