November 23, 2016 - By Marie Mckinney
Eric Ashleman is the SVP – Chief Operating Officer of Idex Corp. He recently made a sale of 6,000 shares in the ‘s company with the trade value amounting to $556,996 USD. This is according to the revealed price of $92.8 per share. Currently, Eric Ashleman owns 19,941 shares which are equivalent to exactly 0.03% of the company’s market cap.
Out of 8 analysts covering IDEX Corporation (NYSE:IEX), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. $89 is the highest target while $80 is the lowest. The $85 average target is -9.20% below today’s ($93.61) stock price. IDEX Corporation has been the topic of 12 analyst reports since September 29, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 29. The firm has “Neutral” rating by Janney Capital given on Tuesday, June 21. The rating was downgraded by Bernstein to “Market Perform” on Monday, April 4. As per Tuesday, November 3, the company rating was initiated by Suntrust Robinson. The stock of IDEX Corporation (NYSE:IEX) earned “Buy” rating by Janney Capital on Tuesday, July 19. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, October 19 report. The firm earned “Sector Weight” rating on Monday, May 23 by KeyBanc Capital Markets. The stock of IDEX Corporation (NYSE:IEX) has “Market Perform” rating given on Tuesday, April 5 by BMO Capital Markets. Bernstein initiated IDEX Corporation (NYSE:IEX) rating on Tuesday, September 29. Bernstein has “Outperform” rating and $84 price target. As per Tuesday, November 3, the company rating was initiated by SunTrust.
Insitutional Activity: The institutional sentiment decreased to 0.66 in 2016 Q2. Its down 0.41, from 1.07 in 2016Q1. The ratio is negative, as 16 funds sold all IDEX Corporation shares owned while 104 reduced positions. 30 funds bought stakes while 98 increased positions. They now own 73.51 million shares or 1.44% less from 74.59 million shares in 2016Q1.
Mutual Of America Mgmt Ltd Limited Liability Company holds 0.1% of its portfolio in IDEX Corporation (NYSE:IEX) for 55,865 shares. Fulton Financial Bank Na has 0.04% invested in the company for 5,570 shares. Tower Rech Capital Ltd (Trc) has 4,036 shares for 0.03% of their US portfolio. Guyasuta Invest Advisors has invested 0.27% of its portfolio in IDEX Corporation (NYSE:IEX). Moreover, Ameriprise Fincl has 0.01% invested in IDEX Corporation (NYSE:IEX) for 207,547 shares. The Georgia-based Lakeview Cap Prtn Ltd Liability has invested 0.25% in IDEX Corporation (NYSE:IEX). Citigroup last reported 0% of its portfolio in the stock. Ubs Asset Management Americas Inc reported 95,183 shares or 0.01% of all its holdings. Lodestar Investment Counsel Lc Il owns 5,225 shares or 0.06% of their US portfolio. The New York-based Investec Asset Mgmt North America has invested 0.22% in IDEX Corporation (NYSE:IEX). Artisan Partners Ltd Partnership last reported 546,770 shares in the company. Bard holds 0.59% of its portfolio in IDEX Corporation (NYSE:IEX) for 13,655 shares. Us State Bank De has 1,741 shares for 0% of their US portfolio. Vanguard Gru has 0.03% invested in the company for 5.50 million shares. Brown Brothers Harriman & holds 246 shares or 0% of its portfolio.
Insider Transactions: Since May 24, 2016, the stock had 0 insider buys, and 3 insider sales for $1.37 million net activity. BUCKLEW JEFFREY D had sold 5,000 shares worth $418,420. ASHLEMAN ERIC D had sold 15,650 shares worth $1.31M on Tuesday, May 24. Silvernail Andrew K had sold 6,575 shares worth $600,545. On Monday, August 1 the insider MILZCIK GREGORY F sold $434,697. $333,094 worth of IDEX Corporation (NYSE:IEX) was sold by SALLIOTTE DANIEL J.
About 69,504 shares traded hands. IDEX Corporation (NYSE:IEX) has risen 12.26% since April 21, 2016 and is uptrending. It has outperformed by 6.93% the S&P500.
IDEX Corporation operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The company has a market cap of $7.21 billion. The Firm operates through three divisions: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). It has a 25.55 P/E ratio. With its divisions, the Company maintains approximately 20 platforms, where it focuses on growth and acquisitions.
According to Zacks Investment Research, “IDEX CORP. designs, manufactures and markets a broad range of fluid handling and industrial products serving a diverse customer base in the United States and, internationally.”
Analysts await IDEX Corporation (NYSE:IEX) to report earnings on January, 25. They expect $0.93 earnings per share, down 1.06% or $0.01 from last year’s $0.94 per share. IEX’s profit will be $71.63M for 25.16 P/E if the $0.93 EPS becomes a reality. After $0.92 actual earnings per share reported by IDEX Corporation for the previous quarter, Wall Street now forecasts 1.09% EPS growth.
More notable recent IDEX Corporation (NYSE:IEX) news were published by: Businesswire.com which released: “IDEX Corporation to Acquire Akron Brass” on February 05, 2016, also Seekingalpha.com with their article: “IDEX Corporation: Pumping Out Consistent Results At A Premium Price” published on August 24, 2016, Businesswire.com published: “IDEX Corporation Acquires CIDRA Precision Services” on July 01, 2015. More interesting news about IDEX Corporation (NYSE:IEX) were released by: Reuters.com and their article: “BRIEF-IDEX Corporation to acquire AWG” published on May 16, 2016 as well as Businesswire.com‘s news article titled: “IDEX Corporation to Webcast Third Quarter 2016 Earnings Call” with publication date: September 19, 2016.
IDEX Corporation (IDEX), incorporated on September 24, 1987, is an applied solutions business that sells pumps, flow meters and other fluidics systems and components and engineered products. The Companyâ€™s products include industrial pumps, compressors, flow meters, injectors and valves, and related controls for use in process applications; precision fluidics solutions, including pumps, valves, degassing equipment, corrective tubing, fittings, complex manifolds, precision photonic solutions, optical filters, and specialty medical equipment and devices used in life science applications; precision-engineered equipment for dispensing, metering and mixing paints; refinishing equipment, and engineered products for industrial and commercial markets, including fire and rescue, transportation equipment, gas and oil, electronics and communications. The Firm operates in three divisions: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST) and Fire & Safety/Diversified Products (FSDP). FMT segment designs, produces and distributes positive displacement pumps, flow meters, injectors, and other fluid-handling pump modules and systems. HST segment designs, produces and distributes precision fluidics, rotary lobe pumps, and centrifugal and positive displacement pumps. FSDP segment produces firefighting pumps and controls, rescue tools, lifting bags, and other components and systems.
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