RBC Capital Remains a Hold on Idex Corp

By Jason Carr

In a report issued on July 10, Deane Dray from RBC Capital reiterated a Hold rating on Idex Corp (NYSE: IEX), with a price target of $144. The company’s shares opened today at $138.65.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 5.2% and a 59.4% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group Inc, Gates Industrial Corp Plc, and Emerson Electric Company.

Currently, the analyst consensus on Idex Corp is a Hold with an average price target of $143.

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Idex Corp’s market cap is currently $10.62B and has a P/E ratio of 29.77. The company has a Price to Book ratio of 5.27.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. Last month, Daniel Salliotte, the SVP-Mergers & Acquisitions of IEX sold 4,240 shares for a total of $598,476.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

IDEX Corp. engages in the manufacture of industrial pumps and other engineering equipment. It operates through the following segments: Fluid and Metering Technologies; Health and Science Technologies; and Fire and Safety/Diversified Products.