IDEX (IEX) Earns “Hold” Rating from Stifel Nicolaus
Stifel Nicolaus reiterated their hold rating on shares of IDEX (NYSE:IEX) in a research note issued to investors on Thursday. The firm currently has a $132.00 price objective on the industrial products company’s stock.
A number of other research analysts have also commented on IEX. Robert W. Baird restated a buy rating and issued a $129.00 target price on shares of IDEX in a research note on Wednesday, October 4th. Jefferies Group restated a hold rating on shares of IDEX in a research note on Friday, October 6th. Seaport Global Securities restated a neutral rating on shares of IDEX in a research note on Wednesday, October 18th. Oppenheimer restated a hold rating on shares of IDEX in a research note on Wednesday, October 18th. Finally, BMO Capital Markets restated a hold rating and issued a $110.00 target price on shares of IDEX in a research note on Wednesday, September 6th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. IDEX has an average rating of Hold and a consensus price target of $116.44.
IDEX (NYSE IEX) opened at $131.20 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 2.04. The company has a market capitalization of $10,016.68, a price-to-earnings ratio of 31.59, a P/E/G ratio of 2.37 and a beta of 1.24. IDEX has a 12 month low of $88.29 and a 12 month high of $135.70.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Monday, January 15th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.48 annualized dividend and a yield of 1.13%. IDEX’s dividend payout ratio is currently 37.95%.
Institutional investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank acquired a new position in IDEX during the second quarter worth $106,000. Strs Ohio acquired a new position in IDEX during the second quarter worth $112,000. Acrospire Investment Management LLC raised its stake in IDEX by 1,000.0% during the second quarter. Acrospire Investment Management LLC now owns 1,100 shares of the industrial products company’s stock worth $124,000 after acquiring an additional 1,000 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in IDEX during the second quarter worth $134,000. Finally, IHT Wealth Management LLC raised its stake in IDEX by 258.5% during the second quarter. IHT Wealth Management LLC now owns 527 shares of the industrial products company’s stock worth $165,000 after acquiring an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.
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IDEX 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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