BMO Capital Keeps a Hold Rating on Idex Corp

By Ryan Adsit

BMO Capital analyst Scott Graham reiterated a Hold rating on Idex Corp (NYSE: IEX) yesterday and set a price target of $104. The company’s shares opened today at $108.71, close to its 52-week high of $109.87.

According to, Graham is a 4-star analyst with an average return of 8.4% and a 65.7% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Nuverra Environmental Solutions Inc, Thermon Group Holdings Inc, and Gorman-Rupp Company.

Currently, the analyst consensus on Idex Corp is Hold and the average price target is $100.25, representing a -7.8% downside.

In a report issued on May 9, Oppenheimer also reiterated a Hold rating on the stock.

Idex Corp’s market cap is currently $8.32B and has a P/E ratio of 29.85. The company has a book value ratio of 5.0677.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Eric Ashleman, the COO of IEX sold 12,745 shares for a total of $1,344,725.

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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. The Fluid and Metering Technologies segment designs, produces and distributes positive displacement pumps, flow meters, injectors, and other fluid-handling pump modules and systems and provides flow monitoring and other services for the water and wastewater industries. The Health and Science Technologies segment designs, produces and distributes a wide range of precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction and drying systems used in beverage, food processing, pharmaceutical and cosmetics, pneumatic components and sealing solutions. The Fire and Safety/Diversified Products segment produces firefighting pumps and controls, rescue tools, lifting bags and other components and systems for the fire and rescue industry, and engineered stainless steel banding and clamping devices used in a variety of industrial and commercial applications. The company was founded on September 24, 1987 and is headquartered in Lake Forest, IL.