IDEX Corporation (IEX) is Initiated by KeyBanc Capital Mkts to Sector Weight

IDEX Corporation (IEX) was Initiated by KeyBanc Capital Mkts to “Sector Weight”. KeyBanc Capital Mkts advised their investors in a research report released on May 23, 2016.

Many Wall Street Analysts have commented on IDEX Corporation. IDEX Corporation was Downgraded by Bernstein to ” Mkt Perform” on Apr 4, 2016.

On the company’s financial health, IDEX Corporation reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $0.81. The company had revenue of $502.57 million for the quarter, compared to analysts expectations of $492.75 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS.

IDEX Corporation opened for trading at $81.95 and hit $82.4 on the upside on Friday, eventually ending the session at $82.02, with a gain of 0.68% or 0.55 points. The heightened volatility saw the trading volume jump to 2,16,779 shares. Company has a market cap of $6,225,400 M.

In a different news, on May 17, 2016, Andrew K Silvernail (CHAIRMAN AND CEO) sold 6,200 shares at $81.42 per share price. According to the SEC, on Apr 29, 2016, Michael J Yates (VP-Chief Accounting Officer) sold 1,416 shares at $84.29 per share price. On Feb 23, 2016, Heath A Mitts (SVP – Chief Financial Officer) sold 1,729 shares at $73.69 per share price, according to the Form-4 filing with the securities and exchange commission.

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 (FMT) 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.

IDEX Corporation

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