Today it was reported that the Chairman & CEO of IDEX Corporation (IEX), Andrew Silvernail, exercised options to sell 85,785 IEX shares at $78.43 a share, for a total transaction value of $14.39M.
Following Andrew Silvernail’s last IEX Sell transaction on May 08, 2019, the stock climbed by 17.2%. In addition to Andrew Silvernail, 3 other IEX executives reported Sell trades in the last month.
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Based on IDEX Corporation’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $642 million and quarterly net profit of $113 million. In comparison, last year the company earned revenue of $634 million and had a net profit of $107 million. IEX’s market cap is $12.88B and the company has a P/E ratio of 30.20. Currently, IDEX Corporation has an average volume of 419.3K.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $171.40, reflecting a 1.9% upside.
The insider sentiment on IDEX Corporation has been negative according to 47 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Andrew Silvernail’s trades have generated a -22.5% 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 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.
