IDEX Co. (NYSE:IEX)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group in a research note issued on Saturday, MarketBeat Ratings reports. They presently have a $77.00 price objective on the stock, down from their prior price objective of $80.00. Jefferies Group’s price target would suggest a potential upside of 6.19% from the stock’s current price.

IDEX (NYSE:IEX) traded up 4.33% during mid-day trading on Friday, reaching $72.51. 844,567 shares of the company’s stock traded hands. IDEX has a 12-month low of $66.88 and a 12-month high of $80.31. The stock has a market capitalization of $5.53 billion and a PE ratio of 20.03. The stock has a 50-day moving average price of $73.45 and a 200-day moving average price of $74.42.

IDEX (NYSE:IEX) last posted its earnings results on Wednesday, January 27th. The company reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.04. The company had revenue of $499.80 million for the quarter, compared to analysts’ expectations of $513.18 million. The business’s revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 earnings per share. Equities research analysts expect that IDEX will post $3.72 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, January 29th. Investors of record on Friday, January 15th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.77%. The ex-dividend date was Wednesday, January 13th.

Several other equities research analysts have also issued reports on the stock. Sanford C. Bernstein reduced their price target on shares of IDEX from $86.00 to $85.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 22nd. Zacks Investment Research downgraded shares of IDEX from a “hold” rating to a “sell” rating in a research note on Monday, November 16th. SunTrust began coverage on shares of IDEX in a research note on Tuesday, November 3rd. They issued a “neutral” rating and a $82.00 price target on the stock. RBC Capital reduced their price target on shares of IDEX from $86.00 to $83.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Oppenheimer reissued a “market perform” rating on shares of IDEX in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $80.60.

In other news, insider Frank J. Notaro sold 1,900 shares of the company’s stock in a transaction on Thursday, November 19th. The shares were sold at an average price of $77.43, for a total transaction of $147,117.00. Following the completion of the sale, the insider now owns 4,330 shares of the company’s stock, valued at $335,271.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

A number of hedge funds and institutional investors recently bought and sold shares of IEX. Great West Life Assurance Co. Can boosted its position in IDEX by 37.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 9,578 shares of the company’s stock worth $734,000 after buying an additional 2,586 shares during the last quarter. California State Teachers Retirement System boosted its position in IDEX by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 144,868 shares of the company’s stock worth $11,098,000 after buying an additional 2,215 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in IDEX during the fourth quarter worth approximately $1,616,000. Nationwide Fund Advisors boosted its position in IDEX by 5.3% in the fourth quarter. Nationwide Fund Advisors now owns 372,369 shares of the company’s stock worth $28,527,000 after buying an additional 18,819 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in IDEX by 236.6% in the fourth quarter. Neuberger Berman Group LLC now owns 197,871 shares of the company’s stock worth $15,159,000 after buying an additional 139,080 shares during the last quarter.

IDEX Corporation is an applied solutions business that sells pumps, flow meters and other fluidics systems and components, and engineered products. The Company’s products include industrial pumps, compressors, flow meters, injectors and valves, and related controls for use in process applications; precision fluidics solutions, including pumps, valves, degassing equipment, corrective tubing, fittings, complex manifolds, precision photonic solutions, optical filters and specialty medical equipment and devices used in life science applications. The Company operates in three segments: Fluid & Metering Technologies (NYSE:IEX), which designs, produces and distributes positive displacement pumps, flow meters and injectors; Health & Science Technologies (HST), which designs, produces and distributes precision fluidics and rotary lobe pumps, and Fire & Safety/Diversified Products (FSDP), which produces firefighting pumps and controls, rescue tools.

12 Month Chart for NYSE:IEX

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