IDEX Corporation has seen various ups and downs in its stock performance lately, underperforming competitors on certain days, and outperforming them on others. Both New York Life Investment Management LLC and the Russell Investments Group Ltd. made changes to their stock holdings in IDEX Co., respectively reducing and increasing. Other organizations such as Cwm LLC and International Assets Investment Management LLC purchased shares, and Cerity Partners LLC acquired 1710 shares of IDEX Co. Mackenzie Financial Corp sold its IDEX shares, while there was a significant increase in short interest in the company. Despite market challenges, IDEX has reported adjusted earnings per share (EPS) beats in its quarterly results, although its sales dipped. The company has also reported a mixed fourth quarter and robust full-year 2023 financial results, while it beat analyst estimates in its most recent earnings report. The quarterly cash dividend has been regularly declared. The company's 2024 Q1 results have been webcast, with their quarterly SEC 10-Q report revealing key insights. The intrinsic value of IDEX's shares is perceived to be possibly 27% above its share price, while its first quarter 2024 earnings beat expectations. IDEX continues to be favored by analysts, with a consensus forecasting good returns for the year.
The company has completed the acquisition of both STC Material Solutions and Iridian Spectral Technologies, indicating expansion in their material science manufacturing expertise. There have been changes in company leadership, with Abhi Khandelwal being named Senior Vice President, Chief Financial Officer and Allison Lausas becoming Interim Chief Financial Officer. With these events shaping the company's narrative, investors are eyeing IDEX's drivers of market outperformance and growth potential.
Idex Corporation IEX News Analytics from Thu, 16 Mar 2023 07:00:00 GMT to Tue, 07 May 2024 17:58:00 GMT -
Rating 2
- Innovation 3
- Information 7
- Rumor -4
