IDEX Corporation (IEX) has had a mixed performance recently. There are queries regarding its valuation, with some suggesting it might be undervalued by 31%. Despite underperforming compared to its competitors on certain days, its business strength is expected to carry it through current headwinds. Furthermore, Raymond James & Associates and SG Americas Securities sold significant numbers of shares, but Net Worth Advisory Group and B.O.S.S. Retirement Advisors increased their positions. Concerns have been raised about its financial health due to weak statutory earnings, but the fundamentals are supposedly strong. IDEX has completed the acquisition of
Mott Corporation and STC Material Solutions, signaling expansion in its material science technology capabilities. However, its Q2 earnings were disappointing, with project delays and weakness in life science sectors. Despite this, it anticipates strong growth ahead, supported by new acquisitions and a positive third-quarter earnings report. More recently, IDEX appointed a new SVP, CFO, and added Paris Watts-Stanfield to its Board of Directors.
Idex Corporation IEX News Analytics from Wed, 17 Aug 2016 16:45:37 GMT to Fri, 25 Oct 2024 12:15:47 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor 3
