Shares of IDEX Corporation (NYSE:IEX) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $114.86.

A number of analysts recently weighed in on IEX shares. BidaskClub cut shares of IDEX Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of IDEX Corporation from a “hold” rating to a “buy” rating and set a $128.00 price objective on the stock in a report on Tuesday, July 11th. Robert W. Baird reaffirmed a “buy” rating and issued a $129.00 price objective on shares of IDEX Corporation in a report on Wednesday, October 4th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $120.00 price objective on shares of IDEX Corporation in a report on Sunday, September 3rd.

IDEX Corporation (NYSE:IEX) last released its quarterly earnings data on Monday, October 16th. The industrial products company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. IDEX Corporation had a net margin of 13.48% and a return on equity of 19.07%. The business had revenue of $574.50 million for the quarter, compared to analysts’ expectations of $563.23 million. During the same quarter last year, the company earned $0.92 EPS. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Monday, October 16th were given a $0.37 dividend. The ex-dividend date was Friday, October 13th. This represents a $1.48 dividend on an annualized basis and a yield of 1.15%. IDEX Corporation’s dividend payout ratio is presently 37.95%.

In other news, SVP Daniel J. Salliotte sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $115.34, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Jeffrey D. Bucklew sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $116.79, for a total transaction of $467,160.00. Following the transaction, the senior vice president now owns 6,726 shares of the company’s stock, valued at approximately $785,529.54. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Several large investors have recently bought and sold shares of the company. First Bank & Trust boosted its position in shares of IDEX Corporation by 0.5% during the 2nd quarter. First Bank & Trust now owns 7,326 shares of the industrial products company’s stock valued at $828,000 after purchasing an additional 34 shares in the last quarter. Steinberg Global Asset Management boosted its position in shares of IDEX Corporation by 0.6% during the 2nd quarter. Steinberg Global Asset Management now owns 8,597 shares of the industrial products company’s stock valued at $972,000 after purchasing an additional 51 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of IDEX Corporation by 0.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 13,302 shares of the industrial products company’s stock valued at $1,504,000 after purchasing an additional 113 shares in the last quarter. World Asset Management Inc boosted its position in shares of IDEX Corporation by 2.5% during the 2nd quarter. World Asset Management Inc now owns 5,751 shares of the industrial products company’s stock valued at $650,000 after purchasing an additional 140 shares in the last quarter. Finally, M&T Bank Corp boosted its position in shares of IDEX Corporation by 1.1% during the 2nd quarter. M&T Bank Corp now owns 21,623 shares of the industrial products company’s stock valued at $2,443,000 after purchasing an additional 236 shares in the last quarter. Institutional investors own 98.65% of the company’s stock.

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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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