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IDEX Corp. (NYSE:IEX) posted its quarterly earnings results on Thursday. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.02, American Banking reports. The company had revenue of $521.00 million for the quarter, compared to the consensus estimate of $520.23 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis.

On the ratings front, analysts at Cowen and Company initiated coverage on shares of IDEX Corp. in a research note to investors on Tuesday, November 19th. They set a “market perform” rating and a $68.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $62.60.

In other IDEX Corp. news, Director Michael Tokarz unloaded 2,586 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $73.72, for a total value of $190,639.92. Following the completion of the sale, the director now directly owns 333,031 shares of the company’s stock, valued at approximately $24,551,045. The sale was disclosed in a document filed with the SEC, which is available at this link.

IDEX Corp. (NYSE:IEX) opened at 69.08 on Thursday. IDEX Corp. has a 52 week low of $48.02 and a 52 week high of $74.53. The stock’s 50-day moving average is $72.28 and its 200-day moving average is $66.57. The company has a market cap of $5.604 billion and a P/E ratio of 83.86.

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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