Should Investors Head For The Exit? BidaskScore Downgrades IDEX Corporation (NYSE:IEX)

Investors sentiment increased to 1.04 in Q2 2019. Its up 0.02, from 1.02 in 2019Q1. It improved, as 20 investors sold IDEX Corporation shares while 118 reduced holdings. 40 funds opened positions while 104 raised stakes. 69.62 million shares or 1.20% more from 68.79 million shares in 2019Q1 were reported.

Riverhead Capital Management Limited Liability Corp holds 0.03% of its portfolio in IDEX Corporation (NYSE:IEX) for 4,808 shares. Dupont Mgmt Corp holds 122,260 shares. Valley National Advisers Incorporated holds 42 shares or 0% of its portfolio. Whittier Tru Of Nevada invested in 245 shares or 0% of the stock. Kornitzer Cap Management Incorporated Ks holds 0.43% or 142,022 shares. Commonwealth Of Pennsylvania School Empls Retrmt System stated it has 13,341 shares or 0.04% of all its holdings. United Capital Fincl Advisers Ltd Liability Corporation invested in 2,405 shares or 0% of the stock. Primecap Com Ca invested 0.08% of its portfolio in IDEX Corporation (NYSE:IEX). Nomura Asset Management Limited, a Japan-based fund reported 12,562 shares. Btim Corp accumulated 83,319 shares. Ibm Retirement Fund invested 0.04% in IDEX Corporation (NYSE:IEX). Keybank National Association Oh invested in 0% or 3,067 shares. Moreover, Capital International Inc Ca has 0.59% invested in IDEX Corporation (NYSE:IEX). Illinois-based Guggenheim Limited Company has invested 0.01% in IDEX Corporation (NYSE:IEX). Atlanta Mngmt L L C stated it has 1.96M shares.

IDEX Corporation (NYSE:IEX) Receives a Downgrade

IDEX Corporation (NYSE:IEX) shares were downgraded by BidaskScore to a Sell rating in an analyst note issued to clients on Wednesday morning.

IDEX Corporation (NYSE:IEX) Ratings Coverage

Among 2 analysts covering IDEX (NYSE:IEX), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. IDEX has $18000 highest and $153 lowest target. $171’s average target is 11.13% above currents $153.87 stock price. IDEX had 4 analyst reports since April 16, 2019 according to SRatingsIntel. As per Tuesday, April 16, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained it with “Hold” rating and $15700 target in Monday, July 15 report. The stock has “Hold” rating by Stifel Nicolaus on Monday, July 29.

The stock increased 1.02% or $1.56 during the last trading session, reaching $153.87. About 370,698 shares traded. IDEX Corporation (NYSE:IEX) has risen 13.69% since October 10, 2018 and is uptrending. It has outperformed by 13.69% the S&P500.

Analysts await IDEX Corporation (NYSE:IEX) to report earnings on October, 22. They expect $1.46 EPS, up 3.55 % or $0.05 from last year’s $1.41 per share. IEX’s profit will be $110.29M for 26.35 P/E if the $1.46 EPS becomes a reality. After $1.50 actual EPS reported by IDEX Corporation for the previous quarter, Wall Street now forecasts -2.67 % negative EPS growth.

IDEX Corporation, through its subsidiaries, provides various pumps, flow meters, other fluidics systems and components, and engineered products worldwide. The company has market cap of $11.62 billion. The Company’s Fluid & Metering Technologies segment designs, produces, and distributes positive displacement pumps, flow meters, injectors, other fluid-handling pump modules and systems, and specialty valve products, as well as offers flow monitoring and other services for food, chemical, general industrial, water and wastewater, agricultural, and energy industries. It has a 27.68 P/E ratio. The companyÂ’s Health & Science Technologies segment designs, produces, and distributes precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction, and drying systems for use in beverage, food processing, pharmaceutical, and cosmetics; pneumatic components and sealing solutions, such as pumping solutions for analytical instrumentation, clinical diagnostics, and drug discovery; biocompatible medical devices and implantables; and air compressors for medical, dental, and industrial applications.

More notable recent IDEX Corporation (NYSE:IEX) news were published by: Businesswire.com which released: “IDEX Corporation Joining S&P 500 – Business Wire” on August 02, 2019, also Wsj.com with their article: “IEX Looks to Snatch NYSE, Nasdaq Listings With New Hire – Wall Street Journal” published on November 14, 2016, Wsj.com published: “NYSE, Nasdaq Rival Aims to Shed Light on Fee Profits – The Wall Street Journal” on January 29, 2019. More interesting news about IDEX Corporation (NYSE:IEX) were released by: Businessinsider.com and their article: “The heroes of ‘Flash Boys’ just went off on the New York Stock Exchange – Business Insider” published on February 01, 2016 as well as Seekingalpha.com‘s news article titled: “NYSE, Nasdaq, CBOE, IEX, And MEMX: Exchanges Doomed By Excess – Seeking Alpha” with publication date: January 24, 2019.

IDEX Corporation (NYSE:IEX) Institutional Positions Chart

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