IDEX Corporation (IEX) is Reiterated by Stifel to Hold, Raises Price Target to $ 89

IDEX Corporation (IEX) was Reiterated by Stifel to “Hold” according to the research note released today. The brokerage firm has raised the Price Target to $ 89 from a previous price target of $88 . Stifel advised their investors in a research report released on Oct 19, 2016.

On the company’s financial health, IDEX Corporation reported $0.92 EPS for the quarter, based on the information available during the earnings call on Oct 17, 2016. Analyst had a consensus estimate of $0.92. The company had revenue of $530.36 million for the quarter, compared to analysts expectations of $538.34 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.

IDEX Corporation closed down -0.04 points or -0.05% at $86.41 with 3,76,349 shares getting traded on Friday. Post opening the session at $87.07, the shares hit an intraday low of $86.16 and an intraday high of $87.17 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 10, 2016, Andrew K Silvernail (CHAIRMAN AND CEO) sold 6,575 shares at $91.34 per share price. According to the SEC, on Aug 3, 2016, Gregory F Milzcik (director) sold 4,830 shares at $90.00 per share price. On Jun 2, 2016, Daniel J Salliotte (SVP-Mergers/Acp & Treasury) sold 4,000 shares at $83.27 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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