IDEX Corporation (NYSE:IEX) shares traded higher over the last trading session, gaining 0.06% on 02/18/21. The shares fell to a low of $190.95 before closing at $193.62. Intraday shares traded counted 0.35 million, which was 14.57% higher than its 30-day average trading volume of 408.53K. IEX’s previous close was $193.50 while the outstanding shares total 75.71M. The firm has a beta of 1.09, a 12-month trailing P/E ratio of 39.05, and a growth ratio of 3.40. The stock’s Relative Strength Index (RSI) is 47.12, with weekly volatility at 1.92% and ATR at 4.90. The IEX stock’s 52-week price range has touched low of $104.56 and a $211.71 high.
Investors have identified the Specialty Industrial Machinery company IDEX Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $14.52 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
IDEX Corporation (IEX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For IEX, the company has in raw cash 877.76 million on their books with 0.15 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 1.52 billion total, with 409.7 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 6.49 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on IEX sounds very interesting.
Is the stock of IEX attractive?
In related news, SVP-General Counsel & Corp Sec, Cade Denise R sold 3,550 shares of the company’s stock in a transaction that recorded on Feb 16. The sale was performed at an average price of 200.12, for a total value of 710,426. As the sale deal closes, the SVP-General Counsel & Corp Sec, Cade Denise R now sold 200 shares of the company’s stock, valued at 40,000. Also, SVP – Chief Financial Officer, Grogan William K sold 4,000 shares of the company’s stock in a deal that was recorded on Feb 10. The shares were price at an average price of 199.69 per share, with a total market value of 798,761. Following this completion of acquisition, the Director, MROZEK ERNEST J now holds 3,530 shares of the company’s stock, valued at 673,417. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
8 out of 17 analysts covering the stock have rated it a Buy, while 8 have maintained a Hold recommendation on IDEX Corporation. 0 analysts has assigned a Sell rating on the IEX stock. The 12-month mean consensus price target for the company’s shares has been set at $210.77.