Today it was reported that the SVP – MERGERS & ACQUISITIONS of Idex Corp (IEX), Daniel Salliotte, exercised options to sell 5,410 IEX shares at $42.86 a share, for a total transaction value of $784.2K.
Following Daniel Salliotte’s last IEX Sell transaction on June 01, 2018, the stock climbed by 6.7%. In addition to Daniel Salliotte, 4 other IEX executives reported Sell trades in the last month.
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Based on Idex Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $614 million and quarterly net profit of $98.14 million. In comparison, last year the company earned revenue of $586 million and had a net profit of $93.75 million. IEX’s market cap is $11.13B and the company has a P/E ratio of 27.38. Currently, Idex Corp has an average volume of 233.4K.
Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $142.33, reflecting a -0.8% downside.
The insider sentiment on Idex Corp has been negative according to 48 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Daniel Salliotte’s trades have generated a -11.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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IDEX Corp. engages in the provision of engineering solutions. It offers products that are mission-critical components. Its brands includes BAND-IT, that produces stainless steel banding, buckles, and clamping systems; and Hurst Jaws of Life, which serves as a rescue tool.
