The recent performance of IDEX Corporation's (NYSE:IEX) stock has been varied and the company declared its regular quarterly cash dividend. Brokerages have given the company a consensus recommendation of a 'Moderate Buy'. There are plans to webcast the third quarter 2024 earnings call, but some believe the corporation's shares may have experienced growth too quickly. SG Americas Securities LLC and Truist Financial Corp have reduced their stakes, while Handelsbanken Fonder AB and Mountain Pacific Investment Advisers LLC increased their stakes.
IDEX recently announced the pricing of public offering of senior notes, and completed the acquisition of Mott Corporation, which is believed to enhance its applied materials science technology capabilities. The corporation also witnessed mixed performance in its fourth quarter and robust full-year 2023 financial results. Industrial equipment maker IDEX acquired Mott Corp for $1 billion and has topped Q2 earnings estimates, despite sales missing their goal.
The firm also announced plans to acquire Mott Corporation, STC Material Solutions, Iridian Spectral Technologies, and Muon Group. Lastly, the company continues its capital deployment with the acquisition of Muon Group and increased its regular quarterly dividend by eight percent.
Idex Corporation IEX News Analytics from Wed, 17 Aug 2016 16:45:37 GMT to Fri, 11 Oct 2024 08:33:24 GMT - Rating 6 - Innovation 7 - Information 7 - Rumor -2
