IDEX’s (IEX) Buy Rating Reaffirmed at Robert W. Baird
Robert W. Baird reaffirmed their buy rating on shares of IDEX (NYSE:IEX) in a report released on Friday morning. They currently have a $141.00 price objective on the industrial products company’s stock.
Several other equities research analysts have also commented on IEX. Zacks Investment Research upgraded shares of IDEX from a hold rating to a buy rating and set a $127.00 price objective on the stock in a research report on Monday, August 21st. Stifel Nicolaus restated a hold rating and issued a $120.00 target price on shares of IDEX in a report on Sunday, September 3rd. BMO Capital Markets restated a hold rating and issued a $110.00 target price on shares of IDEX in a report on Wednesday, September 6th. Oppenheimer restated a hold rating on shares of IDEX in a report on Thursday, September 21st. Finally, Jefferies Group restated a hold rating on shares of IDEX in a report on Friday, October 6th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. IDEX has a consensus rating of Hold and a consensus target price of $116.44.
IDEX (NYSE IEX) traded up $1.96 during trading on Friday, hitting $131.20. 443,306 shares of the company traded hands, compared to its average volume of 217,290. IDEX has a 1-year low of $88.29 and a 1-year high of $135.70. The company has a quick ratio of 2.04, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. The stock has a market cap of $9,874.17, a price-to-earnings ratio of 31.14, a PEG ratio of 2.33 and a beta of 1.24.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 30th. Shareholders of record on Monday, January 15th will be issued a $0.37 dividend. The ex-dividend date is Thursday, January 11th. This represents a $1.48 dividend on an annualized basis and a yield of 1.13%. IDEX’s dividend payout ratio (DPR) is 37.95%.
Large investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank acquired a new position in shares of IDEX during the 2nd quarter valued at about $106,000. Strs Ohio acquired a new position in shares of IDEX during the 2nd quarter valued at about $112,000. Acrospire Investment Management LLC increased its stake in shares of IDEX by 1,000.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,100 shares of the industrial products company’s stock valued at $124,000 after acquiring an additional 1,000 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of IDEX during the 2nd quarter valued at about $134,000. Finally, IHT Wealth Management LLC increased its stake in shares of IDEX by 258.5% during the 2nd quarter. IHT Wealth Management LLC now owns 527 shares of the industrial products company’s stock valued at $165,000 after acquiring an additional 380 shares during the last quarter. Institutional investors own 97.02% of the company’s stock.
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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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