IDEX SVP Frank J. Notaro Sells 9,995 Shares (IEX)
IDEX (NYSE:IEX) SVP Frank J. Notaro sold 9,995 shares of the stock on the open market in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $77.23, for a total transaction of $771,913.85. Following the completion of the sale, the senior vice president now directly owns 15,897 shares of the company’s stock, valued at approximately $1,227,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
IDEX (NYSE:IEX) last released its 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.
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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average 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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