IDEX SVP Sells $347,400 in Stock (IEX)
IDEX (NYSE:IEX) SVP Frank J. Notaro unloaded 4,500 shares of IDEX stock on the open market in a transaction dated 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 filing with the SEC, which is available at this link.
Shares of IDEX (NYSE:IEX) traded down 0.58% during mid-day trading on Friday, hitting $77.06. 68,228 shares of the company’s stock traded hands. IDEX has a one year low of $58.63 and a one year high of $81.82. The stock’s 50-day moving average is $77.82 and its 200-day moving average is $75.49. The company has a market cap of $6.170 billion and a P/E ratio of 22.86.
IDEX (NYSE:IEX) last announced its earnings results on Tuesday, July 22nd. The company reported $0.88 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.76 earnings per share. IDEX’s revenue was up 5.5% compared to the same quarter last year. Analysts expect that IDEX will post $3.54 EPS for the current fiscal year.
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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $76.63.
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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