Idex Corp Receives a Hold from BMO Capital

By Carrie Williams

In a report issued on July 26, Scott Graham from BMO Capital reiterated a Hold rating on Idex Corp (NYSE: IEX), with a price target of $110. The company’s shares closed yesterday at $116.61, close to its 52-week high of $118.08.

According to TipRanks.com, Graham is a 4-star analyst with an average return of 7.8% and a 63.5% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc, Northwest Pipe Company, and Gorman-Rupp Company.

Currently, the analyst consensus on Idex Corp is Hold and the average price target is $106.20, representing a -8.9% downside.

In a report issued on July 14, Stifel Nicolaus also reiterated a Hold rating on the stock with a $115 price target.

The company has a one year high of $118.08 and a one year low of $82.05. Currently, Idex Corp has an average volume of 394K.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Andrew Silvernail, the Chairman & CEO of IEX sold 50,000 shares for a total of $5,749,500.

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.