That’s why I Feel Comfortable With IDEX Corporation’s (IEX) Future

IDEX Corporation [IEX] stock is trading at $210.93, up up 0.51%. An important factor to consider is whether the stock is rising or falling in short-term value. The IEX shares have gain 2.35% over the last week, with a monthly amount glided 13.84%, and seem to be holding up well over a long-time horizon.

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On 26, July 2022, IDEX Reports Strong Second Quarter Results. In a post published today on Yahoo Finance, Second Quarter 2022 Highlights.

From an analyst’s perspective:

IDEX Corporation [NYSE: IEX] stock has seen the most recent analyst activity on July 18, 2022, when Stifel downgraded its rating to a Hold and also revised its price target to $188 from $229. Previously, Oppenheimer upgraded its rating to Outperform on July 14, 2022, and kept the price target unchanged to $215. On March 09, 2022, upgrade upgraded it’s rating to Outperform but maintained its price target of $220 on the stock. Bernstein started tracking the stock assigning a Mkt Perform rating and suggested a price target of $230 on January 11, 2022. Mizuho initiated its recommendation with a Neutral and recommended $233 as its price target on December 17, 2021. Loop Capital started tracking with a Hold rating for this stock on November 23, 2021, and assigned it a price target of $234. In a note dated October 20, 2021, Citigroup upgraded an Buy rating on this stock and boosted its target price from $240 to $246.

IDEX Corporation [IEX] stock has fluctuated between $172.18 and $240.33 over the past year. Currently, Wall Street analysts expect the stock to reach $221.73 within the next 12 months. IDEX Corporation [NYSE: IEX] shares were valued at $210.93 at the most recent close of the market. An investor can expect a potential return of 5.12% based on the average price forecast.

Analyzing the IEX fundamentals

IDEX Corporation [NYSE:IEX] reported sales of 796.1 billion for the most recent quarter, which represents a growth of 16.10%. Gross Margin for this corporation currently stands at +49.24% with Operating Margin at +23.65%, Pretax Margin comes in at +20.97%, and Net Margin reading is +16.25%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 209.65 points at the first support level, and at 208.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 211.86, and for the 2nd resistance point, it is at 212.80.

IDEX Corporation [IEX] reported earnings per share of $2.02 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.89/share, meaning a difference of $0.13 and a surprise factor of 6.90%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.96 per share as compared to estimates of $1.74 per share, a difference of $0.22 representing a surprise of 12.60%.

Ratios To Look Out For

For context, IDEX Corporation’s Current Ratio is 3.00. On the other hand, the Quick Ratio is 2.72, and the Cash Ratio is 1.88. Considering the valuation of this stock, the price to sales ratio is 6.53, the price to book ratio is 6.42 and the P/E (TTM) ratio is 31.40.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 10 insider purchases totaling 8,510 shares and 0 insider sales totaling 0 shares over the past 3 months. Recent insider trading involved SATTERTHWAITE LIVINGSTON, Director, that happened on Nov 09 when 3530.0 shares were sold. Director, SALLIOTTE DANIEL J completed a deal on Nov 09 to sell 14763.0 shares. Meanwhile, Director COOK WILLIAM M sold 679.0 shares on Nov 01.