November 30, 2016 - By Louis Casey · 0 Comments
Idex Corp (NYSE:IEX) institutional sentiment decreased to 0.66 in Q2 2016. Its down -0.41, from 1.07 in 2016Q1. The ratio is negative, as 128 investment professionals increased or opened new holdings, while 120 sold and reduced their positions in Idex Corp. The investment professionals in our partner’s database now possess: 73.51 million shares, down from 74.59 million shares in 2016Q1. Also, the number of investment professionals holding Idex Corp in their top 10 holdings decreased from 5 to 4 for a decrease of 1. Sold All: 16 Reduced: 104 Increased: 98 New Position: 30.
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 $7.12 billion. The Firm operates through three divisions: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST), and Fire & Safety/Diversified Products (FSDP). It has a 25.51 P/E ratio. With its divisions, the Company maintains approximately 20 platforms, where it focuses on growth and acquisitions.
The stock closed at $93.47 during the last session. It is down 11.54% since April 27, 2016 and is uptrending. It has outperformed by 6.31% the S&P500.
Analysts await IDEX Corporation (NYSE:IEX) to report earnings on January, 25. They expect $0.93 EPS, down 1.06% or $0.01 from last year’s $0.94 per share. IEX’s profit will be $70.84M for 25.13 P/E if the $0.93 EPS becomes a reality. After $0.92 actual EPS reported by IDEX Corporation for the previous quarter, Wall Street now forecasts 1.09% EPS growth.
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.”
Snyder Capital Management L P holds 4.18% of its portfolio in IDEX Corporation for 782,641 shares. Southernsun Asset Management Llc owns 1.84 million shares or 3.97% of their US portfolio. Moreover, Fenimore Asset Management Inc has 3.49% invested in the company for 859,926 shares. The Idaho-based Mountain Pacific Investment Advisers Inc Id has invested 3.4% in the stock. Impax Asset Management Ltd, a United Kingdom-based fund reported 691,733 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 4 insider sales for $1.89 million net activity.
Ratings analysis reveals 25% of IDEX Corporation’s analysts are positive. Out of 8 Wall Street analysts rating IDEX Corporation, 2 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $80 while the high is $89. The stock’s average target of $85 is -9.06% below today’s ($93.47) share price. IEX was included in 12 notes of analysts from September 29, 2015. Suntrust Robinson initiated IDEX Corporation (NYSE:IEX) on Tuesday, November 3 with “Neutral” rating. The stock of IDEX Corporation (NYSE:IEX) earned “Market Perform” rating by Bernstein on Monday, April 4. The rating was upgraded by Janney Capital to “Buy” on Tuesday, July 19. The rating was initiated by Janney Capital with “Neutral” on Tuesday, June 21. The firm earned “Sector Weight” rating on Monday, May 23 by KeyBanc Capital Markets. The firm has “Outperform” rating given on Tuesday, September 29 by Bernstein. RBC Capital Markets maintained IDEX Corporation (NYSE:IEX) on Friday, January 29 with “Outperform” rating. The firm earned “Hold” rating on Wednesday, October 19 by Stifel Nicolaus. The rating was initiated by SunTrust with “Neutral” on Tuesday, November 3. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, April 5.
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.
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 to Webcast Third Quarter 2016 Earnings Call” on September 19, 2016. More interesting news about IDEX Corporation (NYSE:IEX) were released by: Businesswire.com and their article: “IDEX Corporation Acquires CIDRA Precision Services” published on July 01, 2015 as well as Businesswire.com‘s news article titled: “IDEX Corporation Announces Appointment of Mark A. Buthman to Board of Directors” with publication date: April 06, 2016.
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By Louis Casey