Economy

IDEX Corporation (IEX) Position Boosted by US Bancorp DE

IDEX Corporation has a 52-week low of $77.93 and a 52-week high of $114.93. The stock is now 10.00% away from its 50-day simple moving average and 21.37% away from the 200 day average. BMO Capital Markets reaffirmed a "hold" rating and set a $104.00 price objective on shares of IDEX Corporation in a research report on Wednesday, May 24th. RBC Capital Markets maintained IDEX Corporation (NYSE:IEX) rating on Friday, January 29. The rating was maintained by BMO Capital Markets on Monday, April 24 with "Hold". The firm earned "Outperform" rating on Friday, January 29 by RBC Capital Markets. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company was downgraded on Thursday, March 2 by Janney Capital.

IDEX Corporation (NYSE:IEX) last posted its quarterly earnings data on Wednesday, April 19th. The stock of IDEX Corporation (NYSE:IEX) earned "Buy" rating by Janney Capital on Tuesday, July 19. The firm has "Neutral" rating by Suntrust Robinson given on Tuesday, November 3. Oppenheimer Holdings, Inc. reaffirmed a "hold" rating on shares of IDEX Corporation in a research report on Wednesday, May 24th. With IDEX Corporation (NYSE:IEX) shares passing the 70 level, the stock is now considered to be in overbought territory and ripe for a potential pullback. Therefore 14% are positive. KeyBanc began coverage of the stock with a rating of "Sector Weight". Morgan Stanley now controls 201 shares worth $19,000. As per Friday, April 21, the company rating was maintained by Stifel Nicolaus. RBC Capital Markets downgraded it to "Sector Perform" rating and $101 target in Wednesday, December 7 report.

US Bancorp DE increased its position in shares of IDEX Corporation (NYSE:IEX) by 1.4% during the first quarter, Holdings Channel reports. The dividend was $0.370 per share for the quarter or $1.48 annualized. TIVO's profit will be $16.63 million for 32.77 P/E if the $0.14 EPS becomes a reality. On average, equities analysts anticipate that IDEX Corporation will post $4.07 EPS for the current fiscal year.

Investors sentiment increased to 1.02 in Q4 2016. Its down 0.44, from 1 in 2016Q3. 610591 shares were traded on IDEX Corporation's last session. 36 funds opened positions while 92 raised stakes. Aperio Group Inc Limited Liability Corporation has invested 0.02% in IDEX Corporation (NYSE:IEX). 9,800 are owned by South Dakota Investment Council. State Street Corp now owns 1,986,385 shares of the industrial products company's stock valued at $185,741,000 after buying an additional 59,393 shares in the last quarter. Metropolitan Life Ny stated it has 0.05% of its portfolio in IDEX Corporation (NYSE:IEX). This is a positive change from IDEX Corporation's previous quarterly dividend of $0.34. Jpmorgan Chase reported 2.89 million shares. Janus Cap Mgmt Limited Liability accumulated 186,200 shares. Rice Hall James And Ltd Liability reported 24,037 shares. Advantus Capital Mngmt has invested 0.02% in IDEX Corporation (NYSE:IEX). The legal version of this piece of content can be accessed at https://transcriptdaily.com/2017/06/20/prudential-financial-inc-sells-33860-shares-of-idex-corporation-iex.html. More interesting news about IDEX Corporation (NYSE:IEX) were released by: Finance.Yahoo.com and their article: "IDEX Corporation Increases Regular Quarterly Dividend Nine Percent" published on April 26, 2017 as well as Law360.com's news article titled: "IDEX Corp". Corporate insiders own 1.00% of the company's stock. Comerica Bank now owns 61,937 shares of the industrial products company's stock valued at $5,681,000 after buying an additional 3,482 shares during the last quarter. Shareholders of record on Monday, May 15th were issued a dividend of $0.37 per share.

Shares of IDEX Corporation (NYSE IEX) traded up 1.43% on Monday, hitting $114.82. It has outperformed by 14.27% the S&P500.

On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell.

In other news, VP Michael J. Yates sold 10,533 shares of the stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $104.30, for a total value of $1,098,591.90. BUCKLEW JEFFREY D also sold $7,504 worth of IDEX Corporation (NYSE:IEX) shares.

IDEX Corporation (IDEX) operates an applied solutions business that sells pumps, flow meters and other fluidics systems, and components and engineered products. The firm has a market capitalization of $8.64 billion, a P/E ratio of 31.18 and a beta of 1.15. The Company operates through three segments: Fluid & Metering Technologies (FMT), Health & Science Technologies (HST) and Fire & Safety/Diversified Products (FSDP). With its divisions, as of December 31, 2016, the Company maintained 13 platforms, where it focused on growth and acquisitions.

Wolseley plc is the holding company of the Wolseley Group of companies. It has underperformed by 18.61% the S&P500.The move comes after 8 months negative chart setup for the $2.18 billion company. The Firm is engaged in leasing, managing, developing and redeveloping its properties. It has a 68.7 P/E ratio. The Company's divisions include USA, UK, Nordic, and Canada and Central Europe.

For more information about research offerings from Zacks Investment Research, visit Zacks.com Receive News & Ratings for IDEX Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IDEX Corporation and related companies with our FREE daily email newsletter.



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