IDEX CFO Sells $755,820 in Stock (IEX)
IDEX (NYSE:IEX) CFO Heath A. Mitts sold 9,750 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $77.52, for a total transaction of $755,820.00. Following the transaction, the chief financial officer now directly owns 37,765 shares of the company’s stock, valued at approximately $2,927,543. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on IEX shares. 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 given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $76.63.
IDEX (NYSE:IEX) traded down 0.50% on Wednesday, hitting $77.30. The stock had a trading volume of 183,223 shares. IDEX has a one year low of $58.63 and a one year high of $81.82. The stock has a 50-day moving average of $77.62 and a 200-day moving average of $75.7. The company has a market cap of $6.189 billion and a price-to-earnings ratio of 22.92.
IDEX (NYSE:IEX) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue 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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