Somewhat Favorable Media Coverage Somewhat Unlikely to Affect IDEX Corporation (IEX) Share Price
Press coverage about IDEX Corporation (NYSE:IEX) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. IDEX Corporation earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 45.7130184124223 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Financial Comparison: IDEX Corporation (IEX) & Xylem (XYL) (americanbankingnews.com)
- Idex Corp Shares Up 21.8% Since SmarTrend’s Buy Recommendation (IEX) (mysmartrend.com)
- IDEX Corporation (IEX) Downgraded by BidaskClub to “Hold” (americanbankingnews.com)
- IDEX Corp. breached its 50 day moving average in a Bearish Manner : IEX-US : August 11, 2017 (finance.yahoo.com)
IEX has been the subject of several research reports. Zacks Investment Research upgraded IDEX Corporation from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a research report on Wednesday, May 10th. BidaskClub upgraded IDEX Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Robert W. Baird restated a “buy” rating and set a $104.00 price objective on shares of IDEX Corporation in a research report on Friday, April 21st. Cowen and Company lifted their price objective on IDEX Corporation from $80.00 to $95.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 5th. Finally, Stifel Nicolaus restated a “hold” rating and set a $100.00 price objective on shares of IDEX Corporation in a research report on Friday, May 26th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $105.00.
IDEX Corporation (NYSE:IEX) traded up 0.96% during mid-day trading on Wednesday, reaching $116.29. 165,332 shares of the company’s stock traded hands. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 31.17 and a beta of 1.20. IDEX Corporation has a 52-week low of $82.05 and a 52-week high of $118.08. The company has a 50-day moving average of $114.52 and a 200-day moving average of $103.21.
IDEX Corporation (NYSE:IEX) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.02. The business had revenue of $573.40 million during the quarter, compared to the consensus estimate of $568.43 million. IDEX Corporation had a net margin of 13.12% and a return on equity of 19.01%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. Equities research analysts expect that IDEX Corporation will post $4.23 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were given a $0.37 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.48 annualized dividend and a dividend yield of 1.27%. IDEX Corporation’s dividend payout ratio (DPR) is presently 39.68%.
In related news, Chairman Andrew K. Silvernail sold 50,000 shares of the company’s 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 completion of the sale, the chairman now owns 142,114 shares in the company, valued at approximately $16,343,110. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
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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