In a report released today, Bryan Blair from Oppenheimer maintained a Buy rating on IDEX (IEX – Research Report), with a price target of $245.00. The company’s shares closed last Friday at $222.24.
Blair covers the Industrials sector, focusing on stocks such as Carlisle Companies, SPX, and Timken Company. According to TipRanks, Blair has an average return of 20.0% and a 68.20% success rate on recommended stocks.
In addition to Oppenheimer, IDEX also received a Buy from RBC Capital’s Deane Dray in a report issued on July 28. However, on the same day, D.A. Davidson maintained a Hold rating on IDEX (NYSE: IEX).
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IEX market cap is currently $16.8B and has a P/E ratio of 28.72.
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IDEX Corp. engages in the provision of engineering solutions. It operates through the following segments: Fluid and Metering Technologies; Health and Science Technologies and Fire and Safety or Diversified Products. The Fluid and Metering Technologies segment involves in the design, production, and distribution of displacement pumps, valves, flow meters, injectors, and fluid-handling pump modules and systems. The Health and Science Technologies segment includes design, production, and distribution of precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction, and drying systems used in beverage, food processing, pharmaceutical, and cosmetics, pneumatic components, and sealing solutions. The Fire and Safety or Diversified Products segment consist of production of firefighting pumps and controls, apparatus valves, monitors, nozzles, rescue tools, and lifting bags for the fire and rescue industry. The company was founded on September 24, 1987 and is headquartered in Lake Forest, IL.
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