Oppenheimer analyst Bryan Blair maintained a Hold rating on Idex Corp (IEX) today. The company’s shares opened today at $153.70, close to its 52-week high of $159.51.
According to TipRanks.com, Blair is a 3-star analyst with an average return of 4.7% and a 59.1% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Incorporated, Lincoln Electric Holdings, and Watts Water Technologies.
Idex Corp has an analyst consensus of Hold, with a price target consensus of $158.33, which is a 3.0% upside from current levels. In a report issued on April 26, Boenning & Scattergood also maintained a Hold rating on the stock.
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Based on Idex Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $110 million. In comparison, last year the company had a net profit of $98.96 million.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Michael Yates, the VP-Chief Accounting Officer of IEX sold 15,178 shares for a total of $2,382,339.
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IDEX Corp. engages in the provision of engineering solutions. It offers its products under two brands namely BAND-IT that produces stainless steel banding, buckles, and clamping systems; and Hurst Jaws of Life, which serves as a rescue tool.
