IDEX Co. (NYSE:IEX – Get Free Report) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $243.14.
IEX has been the subject of several research analyst reports. Stifel Nicolaus boosted their target price on IDEX from $244.00 to $256.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Citigroup increased their price target on IDEX from $251.00 to $269.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Royal Bank of Canada upped their target price on IDEX from $248.00 to $258.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Robert W. Baird reduced their price target on IDEX from $245.00 to $241.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st.
Institutional Inflows and Outflows
IDEX Trading Down 0.9 %
Shares of IEX stock opened at $211.11 on Wednesday. The stock has a 50 day simple moving average of $221.68 and a 200 day simple moving average of $209.42. IDEX has a 1 year low of $189.51 and a 1 year high of $246.36. The company has a current ratio of 2.97, a quick ratio of 2.11 and a debt-to-equity ratio of 0.54. The stock has a market cap of $15.99 billion, a P/E ratio of 32.68, a price-to-earnings-growth ratio of 2.41 and a beta of 0.96.
IDEX (NYSE:IEX – Get Free Report) last released its earnings results on Tuesday, October 29th. The industrial products company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.89 by $0.01. IDEX had a net margin of 15.35% and a return on equity of 15.92%. The firm had revenue of $798.20 million for the quarter, compared to analyst estimates of $793.05 million. During the same period last year, the firm earned $2.12 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, research analysts predict that IDEX will post 7.89 earnings per share for the current fiscal year.
IDEX Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $2.76 annualized dividend and a dividend yield of 1.31%. IDEX’s dividend payout ratio is 42.72%.
About IDEX
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, valves, small volume provers, flow meters, injectors, and other fluid-handling pump modules and systems, as well as flow monitoring and other services for the food, chemical, general industrial, water and wastewater, agricultural, and energy industries.
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