Idex Corporation (NYSE: IEX) is -4.76% lower on its value in year-to-date trading and has touched a low of $189.51 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 $197.58 in the last trading session, with the day’s gains setting it 1.74%.
Currently trading at $199.32, the stock is -7.57% and -8.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 0.88% at the moment leaves the stock -5.73% off its SMA200. IEX registered -8.66% loss for a year compared to 6-month gain of 3.75%. The firm has a 50-day simple moving average (SMA 50) of $219.2316 and a 200-day simple moving average (SMA200) of $211.5846.
The stock witnessed a -4.78% loss in the last 1 month and extending the period to 3 months gives it a -8.99%, and is -11.06% down 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 2.55% over the week and 2.06% over the month.
Idex Corporation (IEX) has around 8800 employees, a market worth around $15.09B and $3.27B in sales. Current P/E ratio is 29.97 and Fwd P/E is 21.72. Profit margin for the company is 15.45%. Distance from 52-week low is 5.18% and -19.09% from its 52-week high. The company has generated returns on investments over the last 12 months (8.93%).
The EPS is expected to grow by 5.99% this year
931.0 institutions hold shares in Idex Corporation (IEX), with institutional investors hold 102.75% of the company’s shares. The shares outstanding are 75.72M, and float is at 75.56M with Short Float at 1.55%. Institutions hold 102.55% 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.
