IDEX Corporation (IEX) Stock Is An 52-Week High Flier

June 19, 2017 - By Marry Poplack

Investors sentiment increased to 1.02 in 2016 Q4. Its up 0.36, from 0.66 in 2016Q3. It increased, as 22 investors sold IDEX Corporation shares while 103 reduced holdings. 36 funds opened positions while 92 raised stakes. 73.62 million shares or 0.07% less from 73.67 million shares in 2016Q3 were reported.
Us Bancshares De owns 2,609 shares or 0% of their US portfolio. Pictet Asset Management Limited accumulated 902,943 shares or 0.3% of the stock. Moreover, Clearbridge Invests Ltd Limited Liability Company has 0.09% invested in IDEX Corporation (NYSE:IEX). Cornerstone Advsrs Inc stated it has 0.01% in IDEX Corporation (NYSE:IEX). Parametric Port Assocs Ltd Co owns 255,029 shares. Edge Asset Mngmt reported 322,191 shares. Timber Hill Ltd reported 0% of its portfolio in IDEX Corporation (NYSE:IEX). 203,500 were reported by California Employees Retirement Sys. Sit Invest Assocs, a Minnesota-based fund reported 13,475 shares. Rhumbline Advisers holds 0.04% or 154,272 shares in its portfolio. Henderson Group Incorporated Public Llc reported 312,154 shares. Moreover, Victory Cap Mngmt Inc has 0% invested in IDEX Corporation (NYSE:IEX). Louisiana State Employees Retirement System invested 0.09% of its portfolio in IDEX Corporation (NYSE:IEX). Moreover, Wells Fargo & Mn has 0.01% invested in IDEX Corporation (NYSE:IEX) for 223,551 shares. Janus Cap Mgmt Limited Liability accumulated 186,200 shares.

Since February 9, 2017, it had 0 insider buys, and 4 sales for $2.73 million activity. 14,000 shares valued at $1.26M were sold by Silvernail Andrew K on Thursday, February 9. ASHLEMAN ERIC D also sold $1.34 million worth of IDEX Corporation (NYSE:IEX) on Tuesday, May 16. 1,187 shares valued at $111,412 were sold by COOK WILLIAM M on Tuesday, February 21. BUCKLEW JEFFREY D sold $7,504 worth of stock or 80 shares.

The stock of IDEX Corporation (NYSE:IEX) hit a new 52-week high and has $120.13 target or 6.00 % above today’s $113.33 share price. The 6 months bullish chart indicates low risk for the $8.66 billion company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $120.13 price target is reached, the company will be worth $519.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 39,599 shares traded. IDEX Corporation (NYSE:IEX) has risen 30.97% since June 19, 2016 and is uptrending. It has outperformed by 14.27% the S&P500.

Analysts await IDEX Corporation (NYSE:IEX) to report earnings on July, 17. They expect $1.06 earnings per share, up 7.07 % or $0.07 from last year’s $0.99 per share. IEX’s profit will be $81.00M for 26.73 P/E if the $1.06 EPS becomes a reality. After $1.03 actual earnings per share reported by IDEX Corporation for the previous quarter, Wall Street now forecasts 2.91 % EPS growth.

IDEX Corporation (NYSE:IEX) Ratings Coverage

Among 10 analysts covering IDEX Corporation (NYSE:IEX), 1 have Buy rating, 0 Sell and 9 Hold. Therefore 10% are positive. IDEX Corporation had 21 analyst reports since September 29, 2015 according to SRatingsIntel. SunTrust initiated IDEX Corporation (NYSE:IEX) on Tuesday, November 3 with “Neutral” rating. The rating was initiated by BMO Capital Markets with “Market Perform” on Tuesday, April 5. As per Monday, April 24, the company rating was maintained by BMO Capital Markets. Robert W. Baird maintained IDEX Corporation (NYSE:IEX) rating on Monday, April 24. Robert W. Baird has “Buy” rating and $104 target. The rating was maintained by RBC Capital Markets on Friday, April 21 with “Sector Perform”. Bernstein initiated IDEX Corporation (NYSE:IEX) on Tuesday, September 29 with “Outperform” rating. RBC Capital Markets maintained IDEX Corporation (NYSE:IEX) rating on Wednesday, April 12. RBC Capital Markets has “Hold” rating and $99 target. The stock of IDEX Corporation (NYSE:IEX) has “Neutral” rating given on Tuesday, June 21 by Janney Capital. The firm earned “Sector Weight” rating on Monday, May 23 by KeyBanc Capital Markets. The firm has “Hold” rating given on Friday, April 21 by Stifel Nicolaus.

More notable recent IDEX Corporation (NYSE:IEX) news were published by: Finance.Yahoo.com which released: “IDEX Corporation Increases Regular Quarterly Dividend Nine Percent” on April 26, 2017, also Seekingalpha.com with their article: “IDEX Looks Like A High-Priced Recovery Play” published on May 02, 2017, Nasdaq.com published: “IDEX Corporation (IEX) Ex-Dividend Date Scheduled for January 11, 2017” on January 10, 2017. More interesting news about IDEX Corporation (NYSE:IEX) were released by: Law360.com and their article: “IDEX Corp. Pays $380K To Worker It Fired Over Cancer” published on April 19, 2017 as well as Businesswire.com‘s news article titled: “IDEX Corporation Names Michael J. Yates as Interim Chief Financial Officer” with publication date: August 31, 2016.

IDEX Corporation operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The company has market cap of $8.66 billion. The Firm operates through three divisions: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST) and Fire & Safety/Diversified Products (FSDP). It has a 31.21 P/E ratio. With its divisions, as of December 31, 2016, the Company maintained 13 platforms, where it focused on growth and acquisitions.

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