IDEX SVP Unloads $347,400 in Stock (IEX)
IDEX (NYSE:IEX) SVP Frank J. Notaro sold 4,500 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $77.20, for a total value of $347,400.00. Following the completion of the transaction, the senior vice president now directly owns 21,082 shares of the company’s stock, valued at approximately $1,627,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on IEX. Analysts at Zacks reiterated a “neutral” rating on shares of IDEX in a research note on Friday, August 1st. They now have a $80.00 price target on the stock. Separately, analysts at Janney Montgomery Scott downgraded shares of IDEX from a “buy” rating to a “neutral” rating in a research note on Thursday, July 24th. They now have a $85.00 price target on the stock, up previously from $75.00. Finally, analysts at Brean Capital raised their price target on shares of IDEX from $79.00 to $86.00 in a research note on Wednesday, July 23rd. They now have a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. IDEX has a consensus rating of “Hold” and an average price target of $76.63.
Shares of IDEX (NYSE:IEX) traded up 0.31% during mid-day trading on Wednesday, hitting $77.70. 236,591 shares of the company’s stock traded hands. IDEX has a 52-week low of $58.63 and a 52-week high of $81.82. The stock has a 50-day moving average of $77.92 and a 200-day moving average of $75.48. The company has a market cap of $6.222 billion and a price-to-earnings ratio of 22.85.
IDEX (NYSE:IEX) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.02. The company had revenue of $546.69 million for the quarter, compared to the consensus estimate of $543.79 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts predict that IDEX will post $3.54 earnings per share 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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