Stifel Nicolaus Keeps a Hold Rating on Idex Corp

By Jason Carr

Stifel Nicolaus analyst Nathan Jones reiterated a Hold rating on Idex Corp (NYSE: IEX) on May 23 and set a price target of $100. The company’s shares closed yesterday at $107.72, close to its 52-week high of $109.87.

According to TipRanks.com, Jones is a 4-star analyst with an average return of 6.4% and a 54.4% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Circor International, and Illinois Tool Works.

Currently, the analyst consensus on Idex Corp is Hold and the average price target is $100.20, representing a -7.0% downside.

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

The company has a one year high of $109.87 and a one year low of $77.93. Currently, Idex Corp has an average volume of 354K.

Based on the recent corporate insider activity of 47 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.

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. 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.