Media stories about IDEX (NYSE:IEX) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. IDEX earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.2530577493645 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
IEX has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded IDEX from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a research report on Monday, April 9th. ValuEngine upgraded IDEX from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Robert W. Baird reduced their price objective on IDEX from $160.00 to $144.00 and set an “outperform” rating for the company in a research note on Tuesday, May 1st. DA Davidson began coverage on IDEX in a research note on Thursday, April 12th. They issued a “neutral” rating and a $140.00 price objective for the company. Finally, BMO Capital Markets increased their price objective on IDEX from $143.00 to $144.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 1st. Twelve investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. IDEX presently has a consensus rating of “Hold” and a consensus price target of $137.55.
Shares of IDEX opened at $136.07 on Wednesday, Marketbeat Ratings reports. The stock has a market capitalization of $10.64 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 2.43 and a beta of 1.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.38 and a quick ratio of 2.48. IDEX has a 1 year low of $110.25 and a 1 year high of $150.72.
IDEX (NYSE:IEX) last announced its quarterly earnings data on Monday, April 30th. The industrial products company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.05. IDEX had a return on equity of 19.07% and a net margin of 15.36%. The firm had revenue of $612.30 million during the quarter, compared to the consensus estimate of $601.11 million. During the same period in the prior year, the business earned $1.04 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. research analysts forecast that IDEX will post 5.18 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Stockholders of record on Monday, July 16th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, July 13th. IDEX’s dividend payout ratio (DPR) is presently 39.91%.
In other news, Director William M. Cook sold 317 shares of the firm’s stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $142.00, for a total transaction of $45,014.00. Following the completion of the sale, the director now directly owns 19,538 shares of the company’s stock, valued at approximately $2,774,396. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Eric D. Ashleman sold 24,495 shares of the firm’s stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $138.34, for a total value of $3,388,638.30. Following the sale, the chief operating officer now directly owns 38,589 shares of the company’s stock, valued at $5,338,402.26. The disclosure for this sale can be found here. Insiders have sold a total of 37,317 shares of company stock valued at $5,169,338 over the last ninety days. Company insiders own 1.20% of the company’s stock.
IDEX Corporation, through its subsidiaries, provides various pumps, valves, flow meters, other fluidics systems and components, and engineered products worldwide. Its Fluid & Metering Technologies segment designs, produces, and distributes positive displacement pumps, flow meters, injectors, other fluid-handling pump modules and systems, and specialty valve products, as well as offers flow monitoring and other services for food, chemical, general industrial, water and wastewater, agricultural, and energy industries.
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