Idex Corp (IEX) Gets a Hold Rating from Boenning & Scattergood

In a report released today, Ryan Connors from Boenning & Scattergood maintained a Hold rating on Idex Corp (NYSE: IEX). The company’s shares closed yesterday at $140.12.

According to TipRanks.com, Connors is a 4-star analyst with an average return of 9.8% and a 68.8% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.

The word on The Street in general, suggests a Hold analyst consensus rating for Idex Corp with a $151.13 average price target, implying a 7.9% upside from current levels. In a report issued on October 8, Stifel Nicolaus also maintained a Hold rating on the stock with a $150 price target.

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The company has a one-year high of $157.84 and a one-year low of $120.93. Currently, Idex Corp has an average volume of 308.5K.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Michael Yates, the VP-Chief Accounting Officer of IEX sold 1,030 shares for a total of $160,577.

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.

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