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

Shares of IDEX Co. (NYSE:IEX - Get Free Report) have earned a consensus rating of "Moderate Buy" from the six research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $238.78.

Several equities analysts have commented on the company. Stifel Nicolaus raised IDEX from a "hold" rating to a "buy" rating and raised their price objective for the company from $215.00 to $265.00 in a research report on Thursday, February 8th. Royal Bank of Canada reissued an "outperform" rating and set a $255.00 price target on shares of IDEX in a research report on Thursday, March 21st. Oppenheimer upped their price objective on shares of IDEX from $245.00 to $252.00 and gave the stock an "outperform" rating in a report on Thursday. Citigroup boosted their price target on IDEX from $254.00 to $277.00 and gave the stock a "buy" rating in a research report on Monday, April 8th. Finally, StockNews.com raised IDEX from a "hold" rating to a "buy" rating in a research report on Tuesday.

IDEX Trading Up 0.4 %

NYSE:IEX traded up $0.94 during mid-day trading on Friday, reaching $227.04. 244,225 shares of the company's stock traded hands, compared to its average volume of 376,429. The company has a 50 day moving average price of $236.41 and a 200-day moving average price of $216.02. The firm has a market capitalization of $17.18 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 2.27 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.89 and a quick ratio of 2.05. IDEX has a 12-month low of $183.76 and a 12-month high of $246.36.

IDEX (NYSE:IEX - Get Free Report) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.05. The firm had revenue of $788.90 million for the quarter, compared to analysts' expectations of $767.96 million. IDEX had a return on equity of 18.56% and a net margin of 18.21%. The business's revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.01 earnings per share. On average, sell-side analysts predict that IDEX will post 8.34 earnings per share for the current year.

Institutional Investors Weigh In On IDEX

A number of large investors have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust grew its holdings in shares of IDEX by 120.3% in the first quarter. Parkside Financial Bank & Trust now owns 141 shares of the industrial products company's stock worth $27,000 after acquiring an additional 77 shares during the period. Riverview Trust Co bought a new stake in IDEX during the 1st quarter worth approximately $35,000. Clear Street Markets LLC lifted its holdings in IDEX by 94.7% during the first quarter. Clear Street Markets LLC now owns 148 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 72 shares in the last quarter. Planned Solutions Inc. bought a new position in shares of IDEX in the fourth quarter worth approximately $33,000. Finally, Quarry LP purchased a new stake in shares of IDEX in the fourth quarter worth $36,000. Institutional investors own 97.96% of the company's stock.

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.