Idex Corp Gets a Hold Rating from Oppenheimer

In a report released today, Jim Giannakouros from Oppenheimer assigned a Hold rating to Idex Corp (NYSE: IEX). The company’s shares opened today at $140.33.

According to TipRanks.com, Giannakouros is a 4-star analyst with an average return of 6.6% and a 59.3% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Carlisle Companies Inc.

Idex Corp has an analyst consensus of Hold, with a price target consensus of $138.60.

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Idex Corp’s market cap is currently $10.92B and has a P/E ratio of 30.24. The company has a Price to Book ratio of 5.35.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Denise Cade, the SVP-General Counsel & Corp Sec of IEX sold 7,416 shares for a total of $1,027,561.

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.