IDEX Corp. CAO Sells $1,907,850 in Stock (IEX)
IDEX Corp. (NYSE:IEX) CAO Michael Yates sold 27,650 shares of the stock on the open market in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $69.00, for a total transaction of $1,907,850.00. Following the completion of the sale, the chief accounting officer now directly owns 30,188 shares of the company’s stock, valued at approximately $2,082,972. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of IDEX Corp. (NYSE:IEX) traded up 1.10% during mid-day trading on Friday, hitting $69.91. The stock had a trading volume of 499,760 shares. IDEX Corp. has a 52-week low of $39.18 and a 52-week high of $69.79. The stock has a 50-day moving average of $65.61 and a 200-day moving average of $58.76. The company has a market cap of $5.681 billion and a price-to-earnings ratio of 83.41.
IDEX Corp. (NYSE:IEX) last announced its earnings results on Tuesday, October 22nd. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.04. The company had revenue of $491.00 million for the quarter, compared to the consensus estimate of $507.37 million. During the same quarter last year, the company posted $0.66 earnings per share. IDEX Corp.’s revenue was up 2.3% compared to the same quarter last year. Analysts expect that IDEX Corp. will post $3.06 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of IDEX Corp. from $56.00 to $64.00 in a research note to investors on Wednesday, October 23rd. They now have a “hold” rating on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of IDEX Corp. from $52.00 to $65.00 in a research note to investors on Wednesday, October 23rd. They now have a “neutral” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of IDEX Corp. from $58.00 to $67.00 in a research note to investors on Wednesday, October 23rd. They now have a “market perform” rating on the stock. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $58.00.
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.
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