November 23, 2016 - By Peter Erickson
Jeffrey Bucklew is the SVP-Chief HR Officer of Idex Corp. He not a long ago made a sale of 3,250 shares in the Pinksheet-listed company with the sale value totalling about $302,250 USD. That was according to the transaction provided price of $93.0 a share. he today owns 0.00% of the market cap of the Company.
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 -9.16% below today’s ($93.57) stock price. IDEX Corporation has been the topic of 12 analyst reports since September 29, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating given on Monday, April 4 by Bernstein. Janney Capital initiated the shares of IEX in a report on Tuesday, June 21 with “Neutral” rating. The stock has “Buy” rating given by Janney Capital on Tuesday, July 19. Bernstein initiated the stock with “Outperform” rating in Tuesday, September 29 report. The stock has “Neutral” rating given by SunTrust on Tuesday, November 3. Stifel Nicolaus maintained the shares of IEX in a report on Wednesday, October 19 with “Hold” rating. The rating was initiated by KeyBanc Capital Markets on Monday, May 23 with “Sector Weight”. The stock has “Market Perform” rating given by BMO Capital Markets on Tuesday, April 5. The stock has “Neutral” rating given by Suntrust Robinson on Tuesday, November 3. The stock has “Outperform” rating given by RBC Capital Markets on Friday, January 29.
Insitutional Activity: The institutional sentiment decreased to 0.66 in 2016 Q2. Its down 0.41, from 1.07 in 2016Q1. The ratio worsened, 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.
Ubs Asset Management Americas has invested 0.01% of its portfolio in IDEX Corporation (NYSE:IEX). New York State Teachers Retirement Systems, a New York-based fund reported 123,755 shares. State Of Wisconsin Board has 92,896 shares for 0.03% of their US portfolio. Washington Retail Bank last reported 1,271 shares in the company. Segment Wealth Mngmt Limited Liability holds 3,221 shares or 0.11% of its portfolio. City Co has invested 0% of its portfolio in IDEX Corporation (NYSE:IEX). Los Angeles Capital And Equity Rech has invested 0.01% of its portfolio in IDEX Corporation (NYSE:IEX). Great West Life Assurance Can last reported 0% of its portfolio in the stock. Lakeview Prtn Ltd holds 0.25% or 5,103 shares in its portfolio. Kanaly Tru last reported 102 shares in the company. Marshall Wace Llp, a United Kingdom-based fund reported 28,635 shares. Walleye Trading Limited Liability Corp holds 0% of its portfolio in IDEX Corporation (NYSE:IEX) for 5,838 shares. Steinberg Glob Asset Mgmt accumulated 8,129 shares or 0.12% of the stock. National Bank & Trust Of New York Mellon has invested 0.02% of its portfolio in IDEX Corporation (NYSE:IEX). Firstmerit Comml Bank N A Trustee, a Ohio-based fund reported 4,851 shares.
Insider Transactions: Since May 24, 2016, the stock had 0 buys, and 3 sales for $1.37 million net activity. Silvernail Andrew K sold $600,545 worth of stock. $434,697 worth of shares were sold by MILZCIK GREGORY F on Monday, August 1. ASHLEMAN ERIC D sold $1.31M worth of stock or 15,650 shares. The insider SALLIOTTE DANIEL J sold $333,094. $418,420 worth of shares were sold by BUCKLEW JEFFREY D on Tuesday, May 24.
About 74,338 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 25.54 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 $71.66M for 25.15 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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