Insider Selling: Eric D. Ashleman Unloads 10,900 Shares of IDEX Corp. Stock (IEX)
IDEX Corp. (NYSE:IEX) VP Eric D. Ashleman unloaded 10,900 shares of the company’s stock on the open market in a transaction dated Friday, May 30th. The stock was sold at an average price of $76.52, for a total value of $834,068.00. Following the completion of the sale, the vice president now directly owns 29,594 shares in the company, valued at approximately $2,264,533. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
IEX has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of IDEX Corp. in a research note on Friday, May 2nd. They now have a $78.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of IDEX Corp. from $78.00 to $79.00 in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. IDEX Corp. currently has a consensus rating of “Hold” and a consensus price target of $74.14.
Shares of IDEX Corp. (NYSE:IEX) traded up 0.86% on Monday, hitting $77.34. The stock had a trading volume of 269,478 shares. IDEX Corp. has a 1-year low of $50.94 and a 1-year high of $79.27. The stock’s 50-day moving average is $74.0 and its 200-day moving average is $72.75. The company has a market cap of $6.235 billion and a price-to-earnings ratio of 23.52.
IDEX Corp. (NYSE:IEX) last released its earnings data on Tuesday, April 22nd. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.07. The company had revenue of $544.00 million for the quarter, compared to the consensus estimate of $527.21 million. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts expect that IDEX Corp. will post $3.44 EPS for the current fiscal year.
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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