IDEX Corporation (NYSE:IEX) issued its quarterly earnings data on Monday. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.02, Bloomberg Earnings reports. The firm had revenue of $574.50 million during the quarter, compared to the consensus estimate of $563.23 million. IDEX Corporation had a net margin of 13.12% and a return on equity of 19.01%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $0.92 earnings per share. IDEX Corporation updated its Q4 guidance to $1.06-1.08 EPS and its FY17 guidance to $4.25-4.27 EPS.

IDEX Corporation (IEX) opened at 125.06 on Tuesday. IDEX Corporation has a 52 week low of $82.05 and a 52 week high of $125.59. The company has a market capitalization of $9.56 billion, a PE ratio of 33.52 and a beta of 1.19. The company has a 50-day moving average of $121.35 and a 200-day moving average of $111.60.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, October 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.18%. IDEX Corporation’s payout ratio is 39.68%.

Several equities research analysts have issued reports on IEX shares. Zacks Investment Research upgraded shares of IDEX Corporation from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research report on Tuesday, July 11th. Stifel Nicolaus restated a “hold” rating and set a $120.00 price objective on shares of IDEX Corporation in a research report on Sunday, September 3rd. Cowen and Company restated a “hold” rating and set a $95.00 price objective on shares of IDEX Corporation in a research report on Friday, October 6th. BMO Capital Markets restated a “hold” rating and set a $110.00 price objective on shares of IDEX Corporation in a research report on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of IDEX Corporation in a research report on Thursday, September 21st. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. IDEX Corporation currently has a consensus rating of “Hold” and an average target price of $111.88.

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In other IDEX Corporation news, Chairman Andrew K. Silvernail sold 50,000 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $115.00, for a total value of $5,750,000.00. Following the sale, the chairman now directly owns 142,114 shares in the company, valued at approximately $16,343,110. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel J. Salliotte sold 6,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $115.34, for a total transaction of $692,040.00. Following the completion of the sale, the senior vice president now owns 33,762 shares in the company, valued at $3,894,109.08. The disclosure for this sale can be found here. Insiders have sold a total of 60,000 shares of company stock worth $6,909,200 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

About IDEX Corporation

IDEX Corporation (IDEX) operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The Company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST) and Fire & Safety/Diversified Products (FSDP).

Earnings History for IDEX Corporation (NYSE:IEX)

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