IDEX Corp. Hits New 52-Week High at $81.82 (IEX)
IDEX Corp. (NYSE:IEX) hit a new 52-week high during trading on Tuesday , AnalystRatingsNetwork reports. The stock traded as high as $81.82 and last traded at $81.48, with a volume of 227,870 shares changing hands. The stock had previously closed at $80.74.
Several analysts have recently commented on the stock. 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. The stock has an average rating of “Hold” and an average target price of $74.14.
The stock has a 50-day moving average of $77.8 and a 200-day moving average of $74.15. The company has a market cap of $6.549 billion and a P/E ratio of 24.77.
IDEX Corp. (NYSE:IEX) last announced its earnings results on Tuesday, April 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts predict that IDEX Corp. will post $3.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Investors of record on Wednesday, July 16th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Monday, July 14th.
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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