IDEX Corporation (IEX) has made significant strides in the financial and investment world. Investments in the company are on the rise as DekaBank Deutsche Girozentrale, Nuance Investments LLC and Qsemble Capital Management LP make significant steps increasing their stake. However, entities such as Rhumbline Advisers, Principal Financial Group Inc., and Chevy Chase Trust Holdings carry out selloffs. Increase in
short interest was also reported in August.
They have made several
acquisitions including Mott Corporation, STC Material Solutions, Iridian Spectral Technologies, Muon Group and others, expanding technology capabilities and precision manufacturing. Despite market challenges, IDEX has consistently shown strong performance. Q2 earnings were impressive, and they were able to raise their full-year
guidance. However, alleged weak statutory earnings suggest the company's performance might not be an accurate reflection of its financial health.
Notably, some are advising against investing in IDEX due to unspecified reasons.
Stock performance has been a mixed bag: while IDEX has underperformed as compared to some competitors, its investors have nevertheless enjoyed a 6.7% CAGR in the last five years.
Idex Corporation IEX News Analytics from Mon, 11 Dec 2017 08:00:00 GMT to Sun, 15 Sep 2024 13:06:58 GMT -
Rating 6
- Innovation 3
- Information 5
- Rumor 0
