IDEX Corporation (IEX) Earns Media Impact Score of 0.11
News stories about IDEX Corporation (NYSE:IEX) have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. IDEX Corporation earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 45.8115493287878 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of IDEX Corporation (NYSE:IEX) opened at $127.81 on Friday. The stock has a market capitalization of $9,764.94, a PE ratio of 30.80, a price-to-earnings-growth ratio of 2.31 and a beta of 1.22. IDEX Corporation has a 52 week low of $84.64 and a 52 week high of $129.40. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.04 and a current ratio of 2.84.
IDEX Corporation (NYSE:IEX) last released its quarterly earnings results on Monday, October 16th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.02. The business had revenue of $574.50 million during the quarter, compared to the consensus estimate of $563.23 million. IDEX Corporation had a return on equity of 19.07% and a net margin of 13.48%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. equities research analysts anticipate that IDEX Corporation will post 4.26 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Monday, October 16th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, October 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.16%. IDEX Corporation’s dividend payout ratio (DPR) is presently 37.95%.
Several research firms recently commented on IEX. BMO Capital Markets reiterated a “hold” rating and issued a $110.00 price objective on shares of IDEX Corporation in a report on Friday, July 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $91.00 price objective on shares of IDEX Corporation in a report on Friday, August 4th. BidaskClub downgraded IDEX Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research downgraded IDEX Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $115.00 price objective (up from $109.00) on shares of IDEX Corporation in a report on Thursday, July 27th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $113.78.
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In related news, SVP Jeffrey D. Bucklew sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $116.79, for a total transaction of $467,160.00. Following the completion of the transaction, the senior vice president now directly owns 6,726 shares in the company, valued at approximately $785,529.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Daniel J. Salliotte sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $115.34, for a total value of $692,040.00. Following the transaction, the senior vice president now owns 33,762 shares of the company’s stock, valued at $3,894,109.08. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
IDEX Corporation Company Profile
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).
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