IDEX (NYSE:IEX) Stock Rating Upgraded by StockNews.com

IDEX (NYSE:IEXGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other equities research analysts also recently weighed in on IEX. Sanford C. Bernstein started coverage on IDEX in a research report on Monday, January 10th. They issued a “market perform” rating and a $230.00 target price for the company. Loop Capital decreased their price target on IDEX from $225.00 to $210.00 in a research note on Monday, April 4th. Cowen raised IDEX from a “market perform” rating to an “outperform” rating and set a $220.00 price target for the company in a research note on Wednesday, March 9th. Zacks Investment Research raised IDEX from a “hold” rating to a “buy” rating and set a $213.00 price target for the company in a research note on Friday, February 4th. Finally, Stifel Nicolaus decreased their price target on IDEX from $244.00 to $231.00 and set a “buy” rating for the company in a research note on Monday, April 18th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, IDEX presently has a consensus rating of “Buy” and an average price target of $232.00.

Shares of IEX stock opened at $195.94 on Friday. IDEX has a 12-month low of $181.66 and a 12-month high of $240.33. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of 33.32, a price-to-earnings-growth ratio of 2.16 and a beta of 1.11. The business has a 50 day simple moving average of $192.94 and a 200 day simple moving average of $212.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.50 and a quick ratio of 2.72.

IDEX (NYSE:IEXGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The industrial products company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.22. IDEX had a return on equity of 17.82% and a net margin of 16.26%. During the same period last year, the business posted $1.51 earnings per share. On average, equities analysts anticipate that IDEX will post 7.56 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in IEX. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of IDEX by 0.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 69,239 shares of the industrial products company’s stock worth $10,506,000 after buying an additional 301 shares during the period. Commonwealth Equity Services LLC boosted its position in IDEX by 27.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,373 shares of the industrial products company’s stock worth $698,000 after acquiring an additional 734 shares during the period. SG Americas Securities LLC boosted its position in IDEX by 76.3% during the 3rd quarter. SG Americas Securities LLC now owns 5,754 shares of the industrial products company’s stock worth $1,191,000 after acquiring an additional 2,491 shares during the period. Van ECK Associates Corp boosted its position in IDEX by 9.4% during the 3rd quarter. Van ECK Associates Corp now owns 6,590 shares of the industrial products company’s stock worth $1,364,000 after acquiring an additional 567 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in IDEX by 3.3% during the 3rd quarter. Treasurer of the State of North Carolina now owns 28,473 shares of the industrial products company’s stock worth $5,892,000 after acquiring an additional 919 shares during the period. Institutional investors own 97.35% of the company’s stock.

IDEX Company Profile (Get Rating)

IDEX Corporation, together with its subsidiaries, provides applied solutions worldwide. The company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). The FMT segment designs, produces, and distributes positive displacement pumps, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as offers flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.

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