IDEX Co. (NYSE:IEX) Given Average Rating of "Moderate Buy" by Brokerages

Shares of IDEX Co. (NYSE:IEX - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $217.13.

A number of analysts recently issued reports on IEX shares. Citigroup lowered their price target on shares of IDEX from $264.00 to $201.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Mizuho set a $175.00 target price on IDEX in a research report on Tuesday, April 22nd. Royal Bank of Canada reduced their price target on IDEX from $256.00 to $245.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. DA Davidson dropped their price objective on IDEX from $225.00 to $215.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Finally, Stifel Nicolaus decreased their price target on shares of IDEX from $256.00 to $192.00 and set a "buy" rating on the stock in a research note on Monday, April 14th.

IDEX Stock Performance

NYSE IEX traded up $1.30 on Tuesday, reaching $175.27. 914,967 shares of the company's stock traded hands, compared to its average volume of 572,723. The stock has a 50 day moving average price of $177.65 and a 200-day moving average price of $202.42. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 1.98 and a beta of 1.05. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.85 and a current ratio of 2.53. IDEX has a fifty-two week low of $153.36 and a fifty-two week high of $238.22.

IDEX (NYSE:IEX - Get Free Report) last issued its earnings results on Thursday, May 1st. The industrial products company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.11. IDEX had a return on equity of 16.08% and a net margin of 15.45%. The firm had revenue of $814.30 million for the quarter, compared to the consensus estimate of $807.25 million. During the same quarter in the prior year, the business earned $1.88 earnings per share. The company's revenue was up 1.7% compared to the same quarter last year. Equities research analysts predict that IDEX will post 8.26 EPS for the current fiscal year.

Institutional Trading of IDEX

Several hedge funds have recently modified their holdings of the business. Bleakley Financial Group LLC raised its stake in shares of IDEX by 4.1% in the 4th quarter. Bleakley Financial Group LLC now owns 1,214 shares of the industrial products company's stock valued at $254,000 after acquiring an additional 48 shares during the period. Albert D Mason Inc. boosted its holdings in IDEX by 1.3% in the fourth quarter. Albert D Mason Inc. now owns 4,532 shares of the industrial products company's stock valued at $948,000 after purchasing an additional 56 shares during the last quarter. Diversified Trust Co boosted its stake in shares of IDEX by 1.0% during the 4th quarter. Diversified Trust Co now owns 6,210 shares of the industrial products company's stock valued at $1,300,000 after buying an additional 59 shares during the last quarter. Blackston Financial Advisory Group LLC boosted its stake in IDEX by 2.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 2,299 shares of the industrial products company's stock valued at $481,000 after acquiring an additional 60 shares during the last quarter. Finally, Alps Advisors Inc. grew its stake in IDEX by 1.0% in the first quarter. Alps Advisors Inc. now owns 5,990 shares of the industrial products company's stock worth $1,084,000 after purchasing an additional 60 shares in the last quarter. 97.96% of the stock is owned by institutional investors and hedge funds.

IDEX Company Profile

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.