IDEX Corporation (NYSE:IEX)‘s stock had its “hold” rating reaffirmed by investment analysts at Oppenheimer Holdings, Inc. in a report released on Thursday.

Other equities analysts also recently issued research reports about the company. BidaskClub downgraded IDEX Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded IDEX Corporation from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a research report on Tuesday, July 11th. BMO Capital Markets reiterated a “hold” rating and set a $110.00 price target on shares of IDEX Corporation in a research report on Friday, July 28th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $100.00 price target on shares of IDEX Corporation in a research report on Friday, May 26th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. IDEX Corporation presently has an average rating of “Hold” and a consensus target price of $108.63.

IDEX Corporation (NYSE IEX) traded up 0.05% on Thursday, reaching $123.15. The company had a trading volume of 324,922 shares. The stock’s 50 day moving average is $116.81 and its 200-day moving average is $107.55. IDEX Corporation has a 1-year low of $82.05 and a 1-year high of $123.94. The stock has a market capitalization of $9.41 billion, a P/E ratio of 33.01 and a beta of 1.19.

IDEX Corporation (NYSE:IEX) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.02. The company had revenue of $573.40 million for the quarter, compared to the consensus estimate of $568.43 million. IDEX Corporation had a return on equity of 19.01% and a net margin of 13.12%. IDEX Corporation’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.99 earnings per share. On average, equities analysts predict that IDEX Corporation will post $4.23 EPS for the current fiscal year.

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In other news, SVP Jeffrey D. Bucklew sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $116.79, for a total value of $467,160.00. Following the transaction, the senior vice president now owns 6,726 shares in the company, valued at $785,529.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Daniel J. Salliotte sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $115.34, for a total value of $692,040.00. Following the completion of the transaction, the senior vice president now owns 33,762 shares in the company, valued at approximately $3,894,109.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,000 shares of company stock worth $6,909,200. Company insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of IDEX Corporation by 8.8% in the second quarter. BlackRock Inc. now owns 6,993,420 shares of the industrial products company’s stock valued at $790,326,000 after acquiring an additional 568,369 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of IDEX Corporation by 2.1% in the second quarter. Vanguard Group Inc. now owns 6,380,482 shares of the industrial products company’s stock valued at $721,058,000 after acquiring an additional 134,086 shares in the last quarter. Capital World Investors lifted its position in shares of IDEX Corporation by 0.4% in the second quarter. Capital World Investors now owns 5,989,771 shares of the industrial products company’s stock valued at $676,904,000 after acquiring an additional 24,401 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of IDEX Corporation by 1.4% in the first quarter. Wellington Management Group LLP now owns 2,830,339 shares of the industrial products company’s stock valued at $264,665,000 after acquiring an additional 39,295 shares in the last quarter. Finally, State Street Corp lifted its position in shares of IDEX Corporation by 20.6% in the second quarter. State Street Corp now owns 2,396,039 shares of the industrial products company’s stock valued at $270,781,000 after acquiring an additional 409,654 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

About IDEX Corporation

IDEX Corporation (IDEX) operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The Company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST) and Fire & Safety/Diversified Products (FSDP).

Analyst Recommendations for IDEX Corporation (NYSE:IEX)

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