IDEX Corporation (NYSE:IEX)‘s stock had its “hold” rating reaffirmed by Cowen and Company in a report released on Friday. They currently have a $95.00 target price on the industrial products company’s stock. Cowen and Company’s price objective indicates a potential downside of 23.31% from the company’s current price.

Several other research firms also recently issued reports on IEX. Zacks Investment Research raised shares of IDEX Corporation from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research report on Thursday. Jefferies Group LLC reissued a “hold” rating on shares of IDEX Corporation in a research report on Friday. Robert W. Baird reissued a “buy” rating and issued a $129.00 price target on shares of IDEX Corporation in a research report on Wednesday. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of IDEX Corporation in a research report on Thursday, September 21st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $120.00 price target on shares of IDEX Corporation in a research report on Sunday, September 3rd. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $111.88.

IDEX Corporation (IEX) traded up 0.11% on Friday, hitting $123.88. 301,949 shares of the stock traded hands. The company has a market cap of $9.47 billion, a price-to-earnings ratio of 33.20 and a beta of 1.19. The stock has a 50-day moving average price of $119.43 and a 200 day moving average price of $109.94. IDEX Corporation has a 1-year low of $82.05 and a 1-year high of $125.42.

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

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In other news, Chairman Andrew K. Silvernail sold 50,000 shares of IDEX Corporation stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $115.00, for a total transaction of $5,750,000.00. Following the sale, the chairman now directly owns 142,114 shares in the company, valued at approximately $16,343,110. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel J. Salliotte sold 6,000 shares of IDEX Corporation stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $115.34, for a total value of $692,040.00. Following the sale, the senior vice president now owns 33,762 shares in the company, valued at $3,894,109.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have 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 IEX. US Bancorp DE raised its stake in shares of IDEX Corporation by 1.4% during the 1st quarter. US Bancorp DE now owns 2,646 shares of the industrial products company’s stock worth $247,000 after purchasing an additional 37 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of IDEX Corporation by 5.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 81,522 shares of the industrial products company’s stock worth $7,623,000 after purchasing an additional 4,432 shares during the period. Victory Capital Management Inc. raised its stake in shares of IDEX Corporation by 41.9% during the 1st quarter. Victory Capital Management Inc. now owns 18,204 shares of the industrial products company’s stock worth $1,702,000 after purchasing an additional 5,374 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of IDEX Corporation by 129.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 20,120 shares of the industrial products company’s stock worth $1,871,000 after purchasing an additional 11,352 shares during the period. Finally, OppenheimerFunds Inc. raised its stake in shares of IDEX Corporation by 18.8% during the 1st quarter. OppenheimerFunds Inc. now owns 5,661 shares of the industrial products company’s stock worth $529,000 after purchasing an additional 897 shares during the period. Institutional investors 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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