Idex Corporation (NYSE: IEX) is -8.12% lower on its value in year-to-date trading and has touched a low of $183.76 and a high of $246.36 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IEX stock was last observed hovering at around $201.43 in the last trading session, with the day’s loss setting it -1.96%.
Currently trading at $199.47, the stock is 0.81% and -0.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.59 million and changing -0.97% at the moment leaves the stock -6.90% off its SMA200. IEX registered -9.99% loss for a year compared to 6-month loss of -15.17%.
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The stock witnessed a 0.38% gain in the last 1 month and extending the period to 3 months gives it a -8.50%, and is 2.17% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.54% over the week and 2.18% over the month.
Idex Corporation (IEX) has around 8800 employees, a market worth around $15.10B and $3.19B in sales. Current P/E ratio is 26.08 and Fwd P/E is 23.34. Profit margin for the company is 18.19%. Distance from 52-week low is 8.55% and -19.03% from its 52-week high. The company has generated returns on investments over the last 12 months (11.72%).
The EPS is expected to shrink by -4.34% this year
947.0 institutions hold shares in Idex Corporation (IEX), with institutional investors hold 101.48% of the company’s shares. The shares outstanding are 75.73M, and float is at 75.41M with Short Float at 1.05%. Institutions hold 101.28% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 9.2 million shares valued at $1.85 billion. The investor’s holdings represent 12.1592 of the IEX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.2 million shares valued at $1.25 billion to account for 8.1892 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 5.65 million shares representing 7.4655 and valued at over $1.14 billion, while STATE STREET CORP holds 3.9668 of the shares totaling 3.0 million with a market value of $604.18 million.
